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Jordan News
03-04-2025
- Business
- Jordan News
King Meets with Representatives of Government Economic Institutions and German Companies - Jordan News
King Meets with Representatives of Government Economic Institutions and German Companies His Majesty King Abdullah II met in Berlin on Wednesday with representatives of government economic institutions, CEOs, and representatives from German companies to discuss ways to expand economic cooperation between the two countries. اضافة اعلان The meeting focused on discussing investment opportunities in sectors of mutual interest, including green energy, financial services, science, engineering and technology, as well as agriculture and food. His Majesty emphasized the importance of the strategic relations between the two countries and the need to build upon their strong partnership, noting that Jordan is making steady progress in political, economic, and administrative modernization. The King highlighted that the qualified human resources, advanced legislation, and the infrastructure conducive to economic growth in Jordan enhance the country's ability to attract investments and create job opportunities. He also pointed out Jordan's commitment to achieving growth despite the challenges in the region, through a strong banking sector, prudent financial policies, advanced digital infrastructure, and serious reform efforts, which have improved Jordan's performance in global credit ratings. The attendees included representatives from the Federal Ministry for Economic Cooperation and Development, the German Chamber of Commerce and Industry, the Federation of German Industries, the Arab-German Chamber of Commerce and Industry, along with several major companies and banks. The attendees discussed opportunities to expand cooperation with Jordan in various fields, including investment, energy, technology, agriculture, and financial services. The meeting was attended by Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi, Director of the King's Office Engineer Alaa Al-Batayneh, and Jordan's Ambassador to Germany Faysal Khoury. Before the meeting, His Majesty King Abdullah met with German Vice Chancellor and Federal Minister for Economic Affairs and Climate Action, Dr. Robert Habeck, and they discussed ways to enhance cooperation between the two countries. -- (Petra)
Roya News
02-04-2025
- Business
- Roya News
King meets representatives of German companies, economic institutions
His Majesty King Abdullah II met on Wednesday in Berlin with representatives of German governmental economic institutions and private companies to discuss ways to expand economic cooperation between Jordan and Germany. Discussions focused on investment opportunities in sectors of mutual interest, such as green energy, financial services, science, engineering, and technology, as well as agriculture and food processing. His Majesty emphasized the importance of strategic relations between the two countries and building on their close partnership, noting that Jordan continues to move forward with political, economic, and administrative modernization efforts, despite regional challenges. The King highlighted that Jordan's qualified human capital, advanced legislation, and favorable infrastructure for economic growth enhance its ability to attract investments and provide job opportunities. His Majesty noted Jordan's commitment to achieving growth, despite challenges in the region, through a strong banking sector, prudent fiscal policies, advanced digital infrastructure, and serious reform efforts, which have improved the Kingdom's performance in global credit ratings. Attendees included representatives from Germany's Federal Ministry for Economic Cooperation and Development, the German Chamber of Commerce and Industry, the Federation of German Industries, the German-Arab Chamber of Commerce and Industry, and a number of major companies and banks. On their part, the attendees spoke of opportunities to expand investment and cooperation with Jordan in areas including energy, technology, agriculture, and financial services. Deputy Prime Minister and Foreign Minister Ayman Safadi, Director of the Office of His Majesty Alaa Batayneh, and Jordan's Ambassador to Germany Fayez Khouri attended the meeting.
Reuters
13-02-2025
- Business
- Reuters
German GDP expected to contract 0.5% this year, DIHK says
BERLIN, Feb 13 (Reuters) - The German economy will contract by 0.5% this year, shrinking for a third consecutive year, the German Chamber of Commerce and Industry (DIHK) said on Thursday, forecasting the longest period of weakness in Germany's post-war history. "This is a turning point and emphasises the acute need for action," DIHK managing director Helena Melnikov said, noting that a record 60% of companies see the economic policy framework as their biggest business risk. Increasing competition from abroad, high energy costs, elevated interest rates and uncertain economic prospects have taken their toll on the Germany economy, which contracted in 2024 for a second year in a row. The survey, conducted among 23,000 companies from all sectors and regions, shows that over the next 12 months, 31% of companies continue to expect business to get worse, while only 14% expect an improvement, the survey showed. In industry, only 22% of companies are planning more investment, while almost 40% are cutting back. "If this trend continues, Germany faces the threat of further deindustrialisation," Melnikov said. Export expectations also remain gloomy, as 28% of companies expect exports to fall over the next 12 months, while only 20% expect sales to other countries to rise. "Declining competitiveness and increasing protectionism are threatening the export-orientated German industry, which has always been a driver of economic growth," said DIHK head of foreign trade Volker Treier.
