Latest news with #industrialsectors
Jordan Times
25-05-2025
- Business
- Jordan Times
Jordan, Damascus industry chambers agree to form joint business council
President of the Jordan Chamber of Industry Fathi Jaghbir and Chairman of the Damascus Chamber of Industry Muhammad Al Mawlawi agree to establish a joint business council and joint sectorial committees between the two chambers (Petra photo) AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir and Chairman of the Damascus Chamber of Industry Muhammad Al Mawlawi have agreed to establish a joint business council and joint sectorial committees between the two chambers in the textile, chemical, engineering and food sectors. During an official visit to Damascus, Jaghbir stressed that the committees aim to boost trade exchange between the two countries in these sectors and address any obstacles based on a 'win-win' approach, the Jordan News Agency, Petra, reported, citing a JCI statement on Sunday. As part of efforts to boost bilateral economic relations, he said that 25 Jordanian industrial companies are scheduled to take part in the International Building Exhibition to be held in Damascus from May 27 to 31. The participation is organised by the Amman Chamber of Industry and includes a delegation of more than 250 industrialists, the largest Jordanian delegation to visit Syria in decades, the JCI president pointed out. Jaghbir noted that the participating Jordanian companies represent vital sectors related to reconstruction, including infrastructure, building materials, energy, and engineering industries, where Jordan holds a 'strong competitive edge,' stressing the importance of this participation in opening new opportunities for Jordanian products in the Syrian market. He also highlighted the need to boost economic ties between Jordan and Syria, pointing to the 'historical ties and shared interests' that provide a favourable environment for expanded economic cooperation. The industrialist added that easing restrictions on the movement of goods and financial transfers would facilitate the flow of commodities and services and enhance the investment climate.
Asharq Al-Awsat
11-05-2025
- Business
- Asharq Al-Awsat
GASTAT: Saudi Industrial Production Index Up 2.0% in March 2025
Saudi Arabia's General Authority for Statistics (GASTAT) released on Sunday its Industrial Production Index (IPI) for March 2025, revealing a 2.0% increase in the overall index compared to March 2024. According to the data, manufacturing activities recorded a significant growth of 5.1% on an annual basis, and the index of water supply, sewerage, waste management, and remediation activities also increased by 15.0%. The mining and quarrying activity saw a slight decrease of 0.2%, and the electricity, gas, steam, and air conditioning supply index also declined by 0.9%. The IPI for main economic activities showed a modest 0.5% rise in the oil activities index, while non-oil activities recorded a substantial increase of 5.6% compared to March 2024. GASTAT issues the IPI monthly to measure relative changes in the volume of industrial output. The index is calculated based on the industrial production survey, which samples establishments in key industrial sectors including mining and quarrying, manufacturing, electricity, gas, steam and air conditioning supply, water supply, sewerage, waste management, and remediation.
