Jordan and Syria Sign MoU to Boost Postal Services Cooperation

Amman: Jordanian Minister of Digital Economy and Entrepreneurship, Sami Smirat, and Syrian Minister of Communications and Information Technology, Abdul Salam Haikal, have signed a memorandum of understanding (MoU) to enhance cooperation in the postal services sector. This signing took place at the conclusion of the 2nd session of the Jordanian-Syrian Higher Coordination Council, which also saw the signing of several agreements and MoUs in key sectors.

According to Jordan News Agency, the MoU aims to strengthen the partnership between the Jordanian and Syrian postal services. The agreement is expected to develop the postal and logistics services system, expand cooperation in e-commerce, and improve digital financial services. The MoU also focuses on exchanging expertise and building capacities through joint training programs and the transfer of best international practices in modern postal services.

The cooperation areas highlighted in the agreement include the development of shipping and postal exchange services, facilitating international shipments, activating e-cash orders, and enhancing express postal services. The use of e-payment solutions is also a key aspect of the agreement, aimed at modernizing the sector.

Furthermore, the agreement outlines steps to introduce automation and modern technologies to increase operational efficiency. It also emphasizes the importance of enhanced coordination in regional and international forums, aiming to position both countries as leaders in the postal services sector.

Jordan and Syria Sign MoU to Boost Postal Services Cooperation

Amman: Jordanian Minister of Digital Economy and Entrepreneurship, Sami Smirat, and Syrian Minister of Communications and Information Technology, Abdul Salam Haikal, have signed a memorandum of understanding (MoU) to enhance cooperation in the postal services sector. This signing took place at the conclusion of the 2nd session of the Jordanian-Syrian Higher Coordination Council, which also saw the signing of several agreements and MoUs in key sectors.

According to Jordan News Agency, the MoU aims to strengthen the partnership between the Jordanian and Syrian postal services. The agreement is expected to develop the postal and logistics services system, expand cooperation in e-commerce, and improve digital financial services. The MoU also focuses on exchanging expertise and building capacities through joint training programs and the transfer of best international practices in modern postal services.

The cooperation areas highlighted in the agreement include the development of shipping and postal exchange services, facilitating international shipments, activating e-cash orders, and enhancing express postal services. The use of e-payment solutions is also a key aspect of the agreement, aimed at modernizing the sector.

Furthermore, the agreement outlines steps to introduce automation and modern technologies to increase operational efficiency. It also emphasizes the importance of enhanced coordination in regional and international forums, aiming to position both countries as leaders in the postal services sector.

Social Security Investment Fund Joins Aqaba Rail Project, Boosts Strategic Infrastructure Investment

Aqaba: Chairperson of the Social Security Investment Fund Ezz Eddin Kanakrieh said the Fund’s participation in the Aqaba Port Railway project is aligned with its strategic orientation toward investing in large-scale infrastructure and logistics projects with direct economic impact.

According to Jordan News Agency, Kanakrieh’s remarks came after Jordan and the United Arab Emirates signed $2.3 billion agreements to develop the Aqaba Port Railway. This 360-kilometer network is built to international standards and will link phosphate mines in Shidiya and potash production sites in Ghor al-Safi to industrial terminals at the Port of Aqaba, addressing a key logistics and supply chain gap. The venture is structured as an equal partnership between several Jordanian sovereign and industrial entities, including the Social Security Investment Fund, and the UAE-based L’Imad Holding.

In a statement to the Jordan News Agency (Petra), Kanakrieh said the investment will enhance the efficiency of supply chains linked to the mining sector, particularly in light of the Fund’s existing equity stakes in the Jordan Phosphate Mines Company and the Arab Potash Company, thereby reinforcing the value of its current portfolio in this sector.

He added that the partnership reflects the Fund’s capacity to forge effective regional alliances with leading investment institutions and underscores its role as the Kingdom’s largest institutional investor.

Kanakrieh noted that the Fund manages an investment portfolio exceeding JD19 billion, representing more than 40 percent of the Gross Domestic Product, and channels its assets into long-term strategic investments aimed at diversification and sustainability.

He pointed out that the Aqaba Port Railway project is the largest of its kind in the Kingdom’s rail transport sector, implemented through Jordanian-Emirati investment and comprising a comprehensive package of infrastructure components, including railway tracks, tunnels, and bridges, built in accordance with international standards.

Nasdaq Rises 1.6% While Dow Dips as Oil Prices Remain Stable

New york: The Nasdaq Composite, which is heavily weighted toward technology stocks, experienced an increase, rising by 367 points to close at 24,016, marking a gain of 1.59%. In contrast, the Dow Jones Industrial Average saw a decline, falling by 72 points to settle at 48,463. The SandP 500 also showed an upward movement, adding around 55 points to reach 7,023.

According to Jordan News Agency, U.S. crude oil prices remained stable, with West Texas Intermediate settling at $90.94 per barrel. This steadiness in oil prices comes amidst fluctuating performance in key stock indices, highlighting differing trends in various sectors of the market.

Nasdaq Rises 1.6% While Dow Dips as Oil Prices Remain Stable

New york: The Nasdaq Composite, which is heavily weighted toward technology stocks, experienced an increase, rising by 367 points to close at 24,016, marking a gain of 1.59%. In contrast, the Dow Jones Industrial Average saw a decline, falling by 72 points to settle at 48,463. The SandP 500 also showed an upward movement, adding around 55 points to reach 7,023.

According to Jordan News Agency, U.S. crude oil prices remained stable, with West Texas Intermediate settling at $90.94 per barrel. This steadiness in oil prices comes amidst fluctuating performance in key stock indices, highlighting differing trends in various sectors of the market.

Nasdaq Rises 1.6% While Dow Dips as Oil Prices Remain Stable

New york: The Nasdaq Composite, which is heavily weighted toward technology stocks, experienced an increase, rising by 367 points to close at 24,016, marking a gain of 1.59%. In contrast, the Dow Jones Industrial Average saw a decline, falling by 72 points to settle at 48,463. The SandP 500 also showed an upward movement, adding around 55 points to reach 7,023.

According to Jordan News Agency, U.S. crude oil prices remained stable, with West Texas Intermediate settling at $90.94 per barrel. This steadiness in oil prices comes amidst fluctuating performance in key stock indices, highlighting differing trends in various sectors of the market.