City Amman Financial News

EID Parry(up 2.36%), BAJAJHIND(up 2.21%), Simbhaoli Sugars(up 1.79%), Shree Renuka Sugars(up 1.31%), K.M.Sugar Mills(up 1.24%), Uttam Sugar Mills(up 1.20%), Mawana Sugars(up 1.17%), Balrampur Chini Mills(up 1.13%), MAGADHSUGAR(up 0.91%) and Bannari Amman Sugars(up 0.82%) stood among the top gainers. Dalmia Bharat Sugar & Industries(down 2.79%), Vishwaraj Sugar Industries(down 2.27%), Triveni Engineering & Industries(down 1.41%), Sakthi Sugars(down 1.27%), DCM Shriram Industries(down 1.08%), Ugar Sugar Works(down 0.78%), Rana Sugars(down 0.57%), Dwarikesh Sugar Industries(down 0.22%), AVADHSUGAR(down 0.10%) and Kothari Sugars & Chemicals(down 0.09%) were among the top losers of the day.

Lupin on Friday said it has tied up with Amman Pharma to market a biosimilar product in the Middle East region. The company has inked a licensing pact for the commercialisation and marketing of Ranibizumab, a biosimilar of Lucentis, in various countries including Saudi Arabia, UAE, Iraq and Lebanon.

By Nidal al-Mughrabi, Simon Lewis, Suleiman and Al-Khalidi

fire with Hamas militants in Gaza. Gaza's living conditions, already dire before the fighting, have deteriorated further. Food is scarce, residents have resorted to drinking salty water, and medical services are collapsing in Gaza.

Antony Blinken on Saturday to secure an immediate ceasefire in Gaza, hours after Palestinians said an Israeli air strike killed at least 15 people in a U.N.-run school being used as a shelter. In a rare open display of disagreement, the top U.S. diplomat pushed back as he stood next to his Jordanian and Egyptian counterparts at a news conference, saying a ceasefire would only let Hamas regroup and launch more attacks on Israel. Blinken met the Saudi, Qatari, Emirati, Egyptian and Jordanian foreign ministers in Amman four weeks after Hamas fighters burst over the border into Israel, killing 1,400 people and taking more than 240 people hostage. Israel has since struck Gaza from the air, imposed a siege and launched a ground assault, stirring global alarm at humanitarian conditions in the enclave and, Gaza health officials said on Saturday, killing more than 9,488 Palestinians. «Right now we have to make sure that this war stops,» Jordanian Foreign Minister Ayman Safadi told the news conference. Blinken said all were agreed on the need for peace and that the current status quo in Gaza cold not hold, but he acknowledged there were differences between Washington, which has called only for pauses to led aid into Gaza, and its allies. «A ceasefire now would simply leave Hamas in place, able to regroup and repeat what it did on Oct.

By Nidal al-Mughrabi, Simon Lewis and Suleiman Al-Khalidi

Rajshree Sugars & Chemicals(up 4.89%), Kothari Sugars & Chemicals(up 3.61%), Simbhaoli Sugars(up 2.64%), Sakthi Sugars(up 2.64%), DCM Shriram Industries(up 2.42%), EID Parry(up 1.90%), Ugar Sugar Works(up 1.41%), Rana Sugars(up 1.40%), Bannari Amman Sugars(up 1.40%) and BAJAJHIND(up 1.39%) stood among the top gainers. Uttam Sugar Mills(down 1.20%), Balrampur Chini Mills(down 0.85%), Dhampur Sugar Mills(down 0.64%), AVADHSUGAR(down 0.56%), Ponni Sugars(Erode)(down 0.55%), Dalmia Bharat Sugar & Industries(down 0.48%), Triveni Engineering & Industries(down 0.40%) and Mawana Sugars(down 0.25%) were among the top losers of the day.

Israel Defence Forces (IDF) on Saturday said it has killed Rateb Abu Sahiban, the commander of Hamas' naval forces within the Gaza City Brigade in a targeted overnight airstrike. This operation came in response to his involvement in planning and leading a Hamas infiltration attempt via the sea on October 24, which was thwarted by Israeli Navy forces. The IDF has also shared footage of the overnight strike on social media platform, X. «The Air Force eliminated Ratab Abu Tshaiban, the commander of the naval force of the Gaza Brigade, at the end of a joint intelligence effort by the Navy, Air Force, Amman and Shin Bet.

Bannari Amman Sugars declared their Q2 FY24 results on 25 Oct, 2023. The topline increased by 17.66% & the profit increased by 81.27% YoY.

KCP Sugar & Industries(up 4.89%), Rajshree Sugars & Chemicals(up 3.74%), Bannari Amman Sugars(up 1.04%), Uttam Sugar Mills(up 0.38%) and Balrampur Chini Mills(up 0.24%) stood among the top gainers. Simbhaoli Sugars(down 2.60%), Triveni Engineering & Industries(down 2.55%), Dhampur Sugar Mills(down 2.39%), Ponni Sugars(Erode)(down 2.09%), Ugar Sugar Works(down 2.09%), DCM Shriram Industries(down 1.88%), K.M.Sugar Mills(down 1.71%), Shree Renuka Sugars(down 1.69%), Mawana Sugars(down 1.32%) and Dalmia Bharat Sugar & Industries(down 1.31%) were among the top losers of the day.

By Steve Holland

crisis in the Middle East has been blown up by an explosion at a Gaza hospital that killed hundreds of Palestinian civilians. Amid mutual recriminations over who was responsible, Jordan denounced the “heinous war crime" and cancelled a summit it was due to host in Amman with Mr Biden as well as Palestinian and Egyptian leaders. The president pressed on with the trip nevertheless, visiting Israel only.

Biden may consider a supplemental request of about $100 billion that would include defense aid for Israel, Ukraine and Taiwan, multiple sources familiar with the request told Reuters on Tuesday. Biden has been widely expected to ask Congress to pass a supplemental spending bill within days, as Washington responds to the deadly Oct. 7 attack on Israel by Hamas militants while looking to continue to support Ukraine as it grapples with a Russian invasion. The news broke as Biden prepared to depart for Tel Aviv and Amman to show support for Israel and also to meet leaders of Jordan and Egypt on the Gaza humanitarian crisis U.S.

Investing.com — Oil prices steadied Tuesday after the previous session’s selloff as traders keep an eye on developments in the Middle East as well as the potential for additional supply from Venezuela.

Investing.com — Oil prices steadied Tuesday after the previous session’s selloff as traders keep an eye on developments in the Middle East as well as the potential for additional supply from Venezuela.

By Suleiman Al-Khalidi and Maya Gebeily

Blinken on Friday began a tour of Arab capitals as he seeks to build pressure on Hamas while Israel readies a likely massive offensive on the Gaza Strip following the militants' attacks. The top US diplomat will meet Jordan's King Abdullah II, a longtime US partner, and Palestinian president Mahmud Abbas in Amman and will then visit Qatar, Saudi Arabia, Egypt and the United Arab Emirates. Blinken spent Thursday in Tel Aviv where he promised unwavering solidarity to US ally Israel after the surprise October 7 offensive by Hamas, who killed over 1,200 people and took about 150 more hostage. The United States has publicly blessed reprisals by Israel, which on Friday called for the immediate relocation of 1.1 million people in the Hamas-ruled Gaza Strip, which is already under an Israeli blockade. Israel has killed more than 1,400 people in strikes in the Gaza Strip since the Hamas attack and has cut off food, water and electricity. Qatar, where Blinken will head immediately after Jordan, has longstanding ties with Hamas and has been seen as an intermediary in freeing the hostages. «We'll continue pressing countries to help prevent the conflict from spreading, and to use their leverage with Hamas to immediately and unconditionally release the hostages,» Blinken said late Thursday in Tel Aviv. «We'll also discuss how we can continue to make real our affirmative vision for a region that's more peaceful, more prosperous, more secure, more integrated. »In fact, that is the choice, and the choice in some ways has been made even more stark by the actions of Hamas." Saudi Arabia in the weeks before the attacks had spoken of progress in US-led diplomacy to normalise relations with Israel — a landmark step for the

Balrampur Chini Mills(up 0.23%), Kothari Sugars & Chemicals(up 0.19%) and Mawana Sugars(up 0.14%) were among the top gainers. MAGADHSUGAR(down 1.58%), Triveni Engineering & Industries(down 1.52%), BAJAJHIND(down 1.18%), Dalmia Bharat Sugar & Industries(down 1.14%), Dhampur Sugar Mills(down 1.09%), Simbhaoli Sugars(down 0.99%), Sakthi Sugars(down 0.96%), AVADHSUGAR(down 0.94%), EID Parry(down 0.78%) and Bannari Amman Sugars(down 0.53%) were among the top losers.

Virgin Australia has told staff it has offered to help get Australian citizens out of Israel if they want to leave, after the transport minister sought help from airlines and Qantas pledged to add two flights starting on Friday.

MAGADHSUGAR(up 4.22%), Dalmia Bharat Sugar & Industries(up 3.42%), AVADHSUGAR(up 1.87%), Uttam Sugar Mills(up 1.43%), Triveni Engineering & Industries(up 1.41%), Simbhaoli Sugars(up 1.33%), DCM Shriram Industries(up 1.20%), Dhampur Sugar Mills(up 0.67%), Ponni Sugars(Erode)(up 0.61%) and Ugar Sugar Works(up 0.42%) stood among the top gainers. EID Parry(down 1.65%), Rajshree Sugars & Chemicals(down 1.10%), Kothari Sugars & Chemicals(down 1.03%), Balrampur Chini Mills(down 0.97%), KCP Sugar & Industries(down 0.92%), Mawana Sugars(down 0.89%), Vishwaraj Sugar Industries(down 0.84%), Bannari Amman Sugars(down 0.70%), Shree Renuka Sugars(down 0.46%) and Dwarikesh Sugar Industries(down 0.45%) were among the top losers of the day.

Sakthi Sugars(up 0.46%) stood among the top gainers. DCM Shriram Industries(down 4.60%), MAGADHSUGAR(down 3.11%), Dalmia Bharat Sugar & Industries(down 2.73%), Simbhaoli Sugars(down 2.73%), Bannari Amman Sugars(down 2.49%), Dwarikesh Sugar Industries(down 2.20%), BAJAJHIND(down 2.10%), Mawana Sugars(down 1.93%), Vishwaraj Sugar Industries(down 1.90%) and Ponni Sugars(Erode)(down 1.89%) were among the top losers of the day.