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* Iraq will maintain its oil supplies to Jordan under all circumstances. Iraqi oil experts stated earlier that their country will keep its agreement with Jordan despite war threats from the US. The experts ruled out suggestions that US air strikes on Iraq will target the outlets that provide Jordan with oil. Jordan imports 65,000 barrels of oil products a day at JD 400 million a year. Experts believe Jordan's consumption of oil will increase up to 156,000 barrels a day in 2010. Both countries agreed to build a 750 km pipeline worth $350 million. The pipeline, which is expected to start operation in 2005, will supply Jordan with 11.5 million barrels of oil per year.

* Jordanian economists warn many local companies face gradual difficulties in supervision and monitoring systems, a fact that hinders company efficiency. The economists note that most of the newly established companies in the Kingdom are about to shut their doors due to these difficulties. However, recent statistics at the Ministry of Trade and Industry indicate that 370 new companies were registered at the Ministry in September at JD 26 million in gross capital. This is increasing by three times over September 2001. Almost half of the companies were registered in the service sector at JD 21 million in capital. Commercial companies were next at JD 2.3 million.

* A dispute remains between the Ministry of Trade and Industry and the Amman Chamber of Commerce over the issuing of a new draft law concerning the chambers of commerce in the Kingdom. The dispute has forced the current board of directors at the Amman Chamber of Commerce to extend its term three more months, starting 8 December. The Chamber's sources said the extension will help both the Ministry and the board to stipulate more deliberations on new law, tackling the procedures and mechanisms of electing new board members for the Kingdom's chambers. The current board of the Amman Chamber of Commerce was elected December 1998.

* Tourism sector in Jordan is expected to witness more investments in the near future, thanks to Saudi Prince Walid Bin Talal. The prince indicated last week that he is considering investing more in the local tourism sector, either by building new hotels, or partnering with other businessmen in similar projects. Prince Walid is expected to inaugurate his forthcoming hotel in Amman, the $70 million Four Seasons Hotel at the 5th circle. The prince also owns 30 percent of the Movenpick Hotel chains in the Kingdom.

* Non-Jordanian labor in the Jordan Valley, estimated at 6000 workers, receive around JD 7.5 million in annual salaries. About 70 percent of these salaries are transferred outside the Kingdom. Two-thirds of these workers are Egyptians and about 95 percent of the 6000 workers are employed in the agricultural sector. Unemployment rates among the Valley's residents are high, estimated at 65 percent.

* Jordan spends about 3.5 percent of its GDP on environmental protection programs. Accordingly, the Kingdom is spending some JD 200 million on its environmental programs. A study by the World Bank indicated that the Kingdom is up to par with many European countries but needs to invest more in the environment. The study noted that other Arab countries in North Africa spend at least 6 percent of their GDPs on environment. It urged the government to revise its plans in expanding the municipal localities at the expense of environment and natural areas.

* The government has allotted JD 5 million for the execution of the Maan Industrial Zone. The project will begin construction in January 2003 and is expected to provide 100,000 jobs for Jordanians in the area. The new zone aims at renovating the industrial and commercial sectors in the southern governorate and exploring new investments in the region.

The Star

Some Marks
To see in Jordan
Fairs & Exhibitions
Useful Addresses
Media of 1stjordan
Impact of 1stjordan
The 'First Jordan' Card
Press Book
Exotica - Flowers - Shopping on line
Engineering Consultants Lebanon
Nsouli Jewelry Lebanon
Hotel Beirut Lebanon
Rent Villas France for Holidays, Seasonal Rentals France
Sole Agent for Philips & Whirlpool in Lebanon
Arab Printing Press Lebanon
Hotel Beirut Lebanon
Arabic Music, CD Arabia
Hotels Syria
Groupe PMR