Jordan’s pharmaceutical exports up by 3.8% in 1st half 2024-JCI


Amman, Exports from Jordan’s pharmaceutical industries and medical supplies sector increased by 3.8% during the January-June period of this year, compared to the same period last year.

Dr. Fadi Atrash, the sector’s representative at the Jordan Chamber of Industry (JCI), said that its exports, with its three sub-sectors (human drugs or veterinary medicines, pesticides, and medical supplies), surged to about JD370 million during the first half of this year, compared to JD356 million for the same period in 2023, Jordan News Agency (Petra) reported.

Atrash added that these numbers made the pharmaceutical industries and medical supplies sector ranked 6th among other industries, in terms of the value of exports and “positive” growth.

Source: Bahrain News Agency

Jordan’s pharmaceutical exports up by 3.8% in 1st half 2024-JCI


Amman, Exports from Jordan’s pharmaceutical industries and medical supplies sector increased by 3.8% during the January-June period of this year, compared to the same period last year.

Dr. Fadi Atrash, the sector’s representative at the Jordan Chamber of Industry (JCI), said that its exports, with its three sub-sectors (human drugs or veterinary medicines, pesticides, and medical supplies), surged to about JD370 million during the first half of this year, compared to JD356 million for the same period in 2023, Jordan News Agency (Petra) reported.

Atrash added that these numbers made the pharmaceutical industries and medical supplies sector ranked 6th among other industries, in terms of the value of exports and “positive” growth.

Source: Bahrain News Agency

Jordan’s pharmaceutical exports up by 3.8% in 1st half 2024-JCI


Amman, Exports from Jordan’s pharmaceutical industries and medical supplies sector increased by 3.8% during the January-June period of this year, compared to the same period last year.

Dr. Fadi Atrash, the sector’s representative at the Jordan Chamber of Industry (JCI), said that its exports, with its three sub-sectors (human drugs or veterinary medicines, pesticides, and medical supplies), surged to about JD370 million during the first half of this year, compared to JD356 million for the same period in 2023, Jordan News Agency (Petra) reported.

Atrash added that these numbers made the pharmaceutical industries and medical supplies sector ranked 6th among other industries, in terms of the value of exports and “positive” growth.

Source: Bahrain News Agency

Jordan’s pharmaceutical exports up by 3.8% in 1st half 2024-JCI


Amman, Exports from Jordan’s pharmaceutical industries and medical supplies sector increased by 3.8% during the January-June period of this year, compared to the same period last year.

Dr. Fadi Atrash, the sector’s representative at the Jordan Chamber of Industry (JCI), said that its exports, with its three sub-sectors (human drugs or veterinary medicines, pesticides, and medical supplies), surged to about JD370 million during the first half of this year, compared to JD356 million for the same period in 2023, Jordan News Agency (Petra) reported.

Atrash added that these numbers made the pharmaceutical industries and medical supplies sector ranked 6th among other industries, in terms of the value of exports and “positive” growth.

Source: Bahrain News Agency

‘Doing Business in TTA Region’: 5th Edition Kicks Off in Valencia


The 5th edition of the “Doing Business in Tangier-Tetouan-Al Hoceïma Region” meetings was held Thursday at the Valencia-Spain Port Authority conference room.

Organized by the Tangier-Tetouan-Al Hoceima (TTA) Regional Investment Centre, in partnership with the Regional Council, the Spanish Chamber of Commerce in Tangier, the Moroccan Consulate General in Valencia, the Valencia Chamber of Commerce and Morocco-Spain Economic Council (CEMAES), the event was attended by senior regional, national and international business leaders and players, the regional council states in a press release.

This edition was a unique opportunity to strengthen and highlight the distinguished economic relations and stimulate trade between the TTA and the Valencia regions, and to showcase the immense potential of the region in various promising sectors such as the automotive industry, agri-food, textiles-clothing, offshoring, logistics, renewable energies and tourism, adds the same source.

The gathering was attended by over 300 peop
le from a wide range of backgrounds, including a Moroccan delegation of more than 150 economic players representing both the public and private sectors, as well as the Moroccan diaspora community in Valencia, making it a great opportunity to bring participants closer to the regional offer, as well as the incentives and support mechanisms introduced by the investment ecosystem in light of the new investment charter and the Northern Fund for Development and Investment (NORDEV), continues the press release.

Speaking at this occasion, Managing Director of the TTA Regional Investment Center Jalal Benhayoun highlighted the economic, environmental and cultural similarities between the two regions of Tangier-Tetouan-Al-Hoceima and Valencia.

He further emphasized “the potential and the diversified, competitive territorial offer of the TTA region, which has succeeded in undergoing a profound transformation thanks to the enlightened vision of HM King Mohammed VI as the natural destination and extension of choice for t
he growth and competitiveness of Spanish companies, with the presence of an extremely mature investment ecosystem that meets the most demanding requirements of international investors, combined with a highly qualified workforce”.

Such factors have helped to attract international investments, particularly Spanish on a massive scale, reinforcing the region’s position as a world-class investment platform and the Kingdom’s driving force in all new global businesses, underlined Benhayoun.

For Omar EL Hzoumri, a Moroccan who has lived in Valencia for over 20 years, his choice to invest in his native country, especially in the M’Diq-Fnideq prefecture less than two years ago, is driven by “what Tangier-Tetouan-Al Hoceima region offers in terms of direct access to several world markets, its port connectivity, but also and above all the transparent and customized end-to-end support offered by the local players involved in investment, and in particular the CRI TTA, which facilitates administrative procedures and links
with the local ecosystem”.

The same can be said for Blanca Erum, CEO of Europa and África Erum Maroc, a leading company in the design, injection and assembly of plastic parts based in Tangier, who confirmed Morocco’s openness to investment and the international competitiveness of the TTA region, thanks to a favorable business climate, the presence of a highly qualified workforce and the ongoing support of economic players at all levels.

The program of the event included workshops, B2B meetings and networking events, bringing together Moroccan businessmen and institutions with their Spanish counterparts, as well as presentations about the latest developments in the Moroccan economy, the press release concluded.

Source: Agence Marocaine De Presse

Oil Rises on Cooling US Inflation


Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.

Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas Intermediate crude futures climbed 46 cents, or 0.6%, to $83.08 a barrel.

Both contracts gained in the prior two sessions but were still poised for weekly declines.

Brent futures were set to fall about 1% week-on-week following four weeks of gains. WTI futures were broadly stable on a weekly basis, set for a 0.1% dip.

Investor confidence was bolstered after data on Thursday showed US consumer prices fell in June, which could mean that the Federal Reserve will cut interest rates soon.

Lower rates are expected to boost economic growth which would help raise fuel consumption.

Source: Qatar News Agency