logo
Jordan: Natural gas resumes after disruption caused by Iran-Israel war

Jordan: Natural gas resumes after disruption caused by Iran-Israel war

Zawya5 hours ago

AMMAN — A source at the National Electric Power Company (NEPCO) on Wednesday announced the resumption of natural gas supplies used for electricity generation.
The source said that the flow of gas resumed after a temporary suspension caused by recent regional tensions between Israel and Iran, the Jordan News Agency, Petra, reported.
The disruption began on June 17, following the precautionary shutdown of key Eastern Mediterranean gas fields amid fears of a broader regional escalation after direct exchanges of fire between Iran and Israel. As a result, gas exports to Jordan and Egypt were suspended. A ceasefire between the two countries was later announced on June 23 by US President Donald Trump.
Despite the suspension of Jordan's primary source of electricity generation, the Kingdom's power supply remained stable and uninterrupted, Minister of Energy and Mineral Resources Saleh Kharabsheh recently said.
The minister said the ministry had swiftly activated emergency protocols, shifting to alternative fuels such as diesel and heavy fuel oil to maintain power generation. Kharabsheh emphasised that Jordanian power plants are equipped to switch to these fuels efficiently, ensuring grid stability even under pressure.
While this ensured a continuous power supply, officials noted that reliance on more expensive fuels has increased pressure on the national budget. Energy experts have confirmed that Jordan also maintains strategic fuel reserves and a floating LNG storage unit in Aqaba, which provides a critical short-term buffer.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE supercharges AI drive with multi-billion-dollar agenda
UAE supercharges AI drive with multi-billion-dollar agenda

Khaleej Times

time28 minutes ago

  • Khaleej Times

UAE supercharges AI drive with multi-billion-dollar agenda

The UAE is rapidly reinforcing its status as a global powerhouse in artificial intelligence, propelled by an ambitious multi-billion-dollar agenda. The agenda aligns cutting-edge infrastructure with deep-rooted government strategy, strategic alliances, and a bold push to build homegrown talent and innovation, according to leading analysts. As AI becomes a central pillar of the country's non-oil diversification drive, its impact is expected to be transformational — potentially contributing up to 20 per cent of the UAE's non-oil GDP by 2031, they argue. The scale of ambition is matched by the scale of investment. From a market valued at roughly Dh12.74 billion in 2023, AI in the UAE is forecast to grow at an extraordinary compound annual growth rate of 44 per cent to reach an estimated Dh170.14 billion by 2030, according to TRENDS Research & Advisory. This meteoric rise is being enabled by a fast-maturing ecosystem of AI-focused startups, research institutions, training programmes, and robust policy frameworks that collectively make the UAE one of the most AI-progressive nations globally. Since launching its National Strategy for Artificial Intelligence in 2017, the UAE has made AI a centrepiece of its national development agenda, targeting full integration into key sectors such as healthcare, transport, education, energy, and logistics by 2031. The strategy is backed by sovereign funds, including Abu Dhabi's MGX, which alone is targeting Dh367 billion in AI-related assets. Complementing this are billion-dollar initiatives dedicated to semiconductor fabrication, data centre infrastructure, and AI training, developed through high-profile collaborations with global tech giants such as Nvidia, AMD, and OpenAI. Tarek Kabrit, CEO of Dubai-based AI startup Seez, believes the UAE's approach goes far beyond financial incentives. 'AI is not just a market or a technology to be chased for growth's sake,' he says. 'It's a fundamental shift in how businesses, governments, and individuals relate to data, decisions, and automation. The real value lies in how AI integrates seamlessly to empower people and create new human-centric experiences.' This people-first approach is evident in the UAE's human capital strategy. Government-led initiatives aim to upskill more than one million residents in AI-related competencies. The number of AI professionals in the country has grown nearly fourfold to 120,000 in just a few years. Dedicated institutions such as the Mohamed bin Zayed University of Artificial Intelligence and the Technology Innovation Institute are playing a pivotal role in anchoring the UAE's growing reputation as an AI research and development hub. At the same time, the government is setting global benchmarks in ethical AI governance. The UAE's AI Ethics Charter, federal data protection laws, and responsible innovation frameworks ensure that rapid progress does not come at the expense of individual privacy, security, or societal trust. The benefits of AI are already tangible across various sectors. In healthcare, AI-powered diagnostics and personalised treatment plans are helping transform patient care, with the segment growing at over 40 per cent annually. In transport, cities like Dubai and Abu Dhabi are deploying AI to optimise traffic flow, reduce emissions, and enhance safety through predictive analytics and smart mobility platforms. Companies such as Seez are demonstrating how AI can redefine the customer experience. Its flagship product, Seezar, is an AI-powered conversational agent that assists automotive dealerships with proactive customer engagement. 'The future of AI-powered software is proactive, not reactive,' says Kabrit. 'Our goal is to reduce friction by having AI anticipate needs and deliver outcomes before users even ask. That's where AI truly unlocks value.' Large enterprises are also leveraging AI for operational excellence. State energy giant Adnoc reported saving over $500 million in 2023 through AI-driven efficiency gains and emissions reductions. Emirates NBD, a pioneer in digital banking, was one of the first in the region to launch an AI chatbot— Eva — for customer service as far back as 2017. Importantly, the region is also cultivating its own generative AI capabilities. The UAE-based G42 group, in collaboration with academic partners, developed 'Jais,' a large language model tailored to Arabic, while Saudi Arabia's SDAIA has launched its own model, 'Bayan.' Abu Dhabi's Technology Innovation Institute has introduced the second generation of its flagship Falcon 2 model, pushing the envelope on Arabic AI development and regional autonomy in the GenAI race. As the AI race intensifies globally, the UAE's model of coupling large-scale investments with deep institutional alignment and a forward-thinking talent strategy is positioning the country as a serious contender for global AI leadership. With neighbouring Gulf countries also advancing their AI agendas, the region is poised to play an increasingly influential role in shaping the future of artificial intelligence, analysts said.

Football legend Totti deepens collaboration with Major Developers
Football legend Totti deepens collaboration with Major Developers

Khaleej Times

time28 minutes ago

  • Khaleej Times

Football legend Totti deepens collaboration with Major Developers

The ongoing collaboration between Major Developers and international football icon Francesco Totti has become a hallmark of distinction for Manta Bay, now emerging as one of the most trusted and globally recognised real estate destinations in Ras Al Khaimah. Totti's enduring influence elevates the project's international appeal, capturing the imagination of elite investors seeking rare, experience-driven luxury. Originally introduced through the Totti Signature Collection — a set of 10 exclusive ultra-luxury residences curated with the Italian icon's input — the collaboration has evolved into a defining element of the Manta Bay lifestyle. As a homeowner and ambassador, Totti enhances the project's image as a destination for those seeking privacy, refinement, and distinction. 'These residences reflect a lasting legacy of excellence,' said Andrei Charapenak, CEO of Major Developers. 'Francesco Totti's continued association with Manta Bay strengthens our connection with global investors who value trust, authenticity, and meaningful luxury. Each home within the Totti Signature Collection is designed to reflect a refined lifestyle, with wellness gardens, private cinemas, outdoor Jacuzzis, and signature memorabilia. Buyers are welcomed with an exclusive key handover hosted by Totti, followed by a private dinner in his company — an experience that underscores the personal nature of this collaboration. Totti joins a distinguished circle of global icons who have embraced Manta Bay's lifestyle. Football legends such as Marco van Basten and Frank Rijkaard have also chosen the development as their personal destination. With 97 per cent of units already sold, Manta Bay continues to resonate with elite buyers seeking exceptional real estate anchored in both luxury and legacy. Valued at Dh1 billion, Manta Bay features panoramic sea views, the region's first sky pool beach, a full-service wellness center, and platinum-tier concierge services. The project is contributing to Ras Al Khaimah's growing reputation as a hub for luxury real estate in the region.

Mohammed bin Rashid: UAE among top 7 global destinations for international tourist spending
Mohammed bin Rashid: UAE among top 7 global destinations for international tourist spending

Zawya

time41 minutes ago

  • Zawya

Mohammed bin Rashid: UAE among top 7 global destinations for international tourist spending

A recent report by the World Travel and Tourism Council (WTTC) revealed that the UAE's travel and tourism sector delivered an exceptional performance in 2024. The sector contributed AED257.3 billion (US$70.1 billion) to the national GDP, accounting for 13% of the economy. This marks a 3.2% increase from 2023 and a remarkable 26% growth compared to 2019, one of the highest growth rates globally and regionally in terms of tourism's contribution to economic development. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, praised the sector's achievements, stating, 'In a new indicator of the strength and diversity of our national economy, the WTTC report highlights the exceptional achievements of the UAE tourism sector. International visitor spending exceeded AED217 billion last year, with domestic tourism expenditure reaching AED57 billion. The UAE ranks among the world's top seven destinations for international tourist spending, surpassing countries that have been in this industry for centuries.' He added, 'We welcome tourists, delight in attracting investors, embrace talent, and build the best environment for living, tourism, and visitation. Welcome to the world.' Abdulla bin Touq Al Marri, Minister of Economy and Tourism and Chairman of the Emirates Tourism Council, emphasised that the UAE has placed tourism at the heart of its strategy to drive economic diversification and sustainable growth. He credited the nation's success to proactive initiatives and strategic tourism plans that have positioned the UAE as a unique and attractive global destination. These efforts include strengthening infrastructure across the seven emirates, enhancing the appeal of tourism-related investments, and showcasing the country's rich cultural and experiential diversity. Significant improvements in airport and travel infrastructure have also contributed to the country's elevated standing in global travel and tourism. Al Marri also noted, 'Just days ago, the UAE achieved a historic milestone in the tourism sector with the election of Shaikha Nasser Al Nowais, Secretary-General of the United Nations World Tourism Organisation (UNWTO). Today's WTTC results reaffirm the wisdom of our leadership's vision in enhancing the competitiveness of our tourism sector, creating employment opportunities for Emiratis, and further cementing our position as a global tourism powerhouse.' 'These achievements underscore that the UAE tourism sector is confidently progressing toward the goals set out in the UAE Tourism Strategy 2031. The strategy aims to increase the sector's contribution to the national GDP to AED450 billion and raise the number of hotel guests to 40 million annually by the next decade.' He noted that national efforts are ongoing to develop a fully integrated tourism ecosystem, guided by international best practices. These efforts include strengthening engagement with key regional and international tourism markets, expanding the range of tourism offerings, and enhancing service quality to provide comprehensive and enriching experiences for visitors from around the world. 'These initiatives are in line with the UAE vision We the UAE 2031, and they aim to elevate the country's status as one of the world's leading tourism destinations in the coming decade,' he concluded. Regarding international tourism, the WTTC report highlighted that the UAE continues to assert its position as one of the world's leading travel destinations. In 2024, the country welcomed international visitors from a diverse range of key markets, including India: 14%, United Kingdom: 8%, Russia: 8%, China: 5%, Saudi Arabia: 5%, and rest of the world: 60%. This broad geographical distribution reflects the UAE's growing global appeal and the effectiveness of its flexible and inclusive tourism policies in attracting a wide array of visitors. The report further revealed that international visitor spending in the UAE reached AED217.3 billion (US$59.2 billion) in 2024, marking a 5.8% increase from 2023 and a 30.4% rise compared to pre-pandemic levels in 2019. Meanwhile, domestic tourism spending also witnessed strong growth, reaching AED57.6 billion (US$15.7 billion) in 2024, an increase of 2.4% over 2023 and a remarkable 41% rise compared to 2019. These figures underscore both the resilience and upward momentum of the UAE's tourism sector across international and domestic fronts, further solidifying its position as a premier global destination. The WTTC report projects that international visitor spending in the UAE will rise by 5.2% in 2025, reaching approximately AED228.5 billion. Meanwhile, domestic tourism spending is expected to grow by 4.3%, hitting AED60 billion by the end of the year. The report also highlighted that leisure tourism accounted for 84.7% of total tourism expenditure in the UAE in 2024, while business tourism represented 15.3%. This demonstrates the sector's adaptability and its ability to balance both recreational and commercial tourism demands. Moreover, the breakdown of spending showed that 79% of total tourism expenditure came from international visitors, while 21% was attributed to domestic tourists. The report further emphasised that despite the UAE's rapid tourism sector growth, the country has remained firmly committed to environmental standards and sustainability goals. In 2023, carbon emissions linked to tourism activities accounted for only 13.3% of the nation's total emissions, reflecting the UAE's strategic focus on integrating sustainability across its tourism landscape. This performance aligns with the UAE's broader vision to promote sustainable practices across all sectors — ensuring that tourism growth goes hand-in-hand with environmental responsibility and long-term ecological balance. On the social front, the report highlighted that women accounted for 16.3% of the direct workforce in the UAE's travel and tourism sector in 2023. Additionally, youth aged 15–24 years made up 9.7% of the total employment in the sector, reflecting its growing role in empowering both women and younger generations within the national labour market. From a fiscal perspective, the tourism and travel sector generated US$8.6 billion in tax revenues in 2023, representing 5.4% of total government revenues. This underscores the sector's increasing financial significance and its vital contribution to the country's public treasury. On the global level, the report stated that the travel and tourism sector contributed US$10.9 trillion to the global GDP in 2024, representing 10% of the world economy. This reflects an 8.5% increase compared to 2023 and a 6% rise compared 2019. Looking ahead, the sector's contribution is projected to reach US$11.7 trillion in 2025, which would mark a 6.7% increase over 2024 and a 13% growth over 2019, underscoring the sustained recovery and expansion of global tourism. The report also highlighted the sector's robust role in job creation, with 356.6 million jobs generated worldwide in 2024, accounting for 10.6% of total global employment. This represents a 6.2% increase from 2023 and a 5.6% increase from 2019.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store