Jordan Financial News

The escalating risk of a direct military confrontation between the US and Iran is hitting the Middle Eastern country's economy hard: its currency the rial has been tumbling against the US dollar in recent months. 

Red Sea crisis has led to a sustained disruption in trade routes. This delays timely delivery of goods due to attacks by Houthi rebels in Yemen on cargo ships plying waters connecting Asia with Europe and the United States (US). As a result, traffic is being forced away from the Suez Canal and redirected around the tip of Africa, the market intelligence and analytics arm of CRISIL said in a research note. These developments hold the potential to significantly impact players within the capital goods and fertiliser sectors. Commenting on the Capital goods sector, CRISIL said, “The ripple effect of such disruptions extends to various facets of the industry, potentially leading to an undesirable inventory build-up. This accumulation can, in turn, exert pressure on the operational efficiency of engineering, procurement and construction companies.”

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

NBC is bringing back the beloved game show «Deal or No Deal» with a tropical twist in "Deal or No Deal Island." This spinoff series takes the iconic briefcases to a private island, where contestants, including two celebrities, compete in challenges and play the game for a chance to win a grand prize.

Fire Country returns with a blaze in Season 2, premiering tonight, February 16, at 9 p.m. ET on CBS. The series, co-created by Max Theriot, promises a riveting continuation, picking up six months after the dramatic Season 1 finale that left Bode back in prison. With characters scattered in different life situations, expect shocking twists as the storyline unfolds.

two-state solution in the Mideast, but as part of a negotiated settlement. With talks long stalled and Israel's offensive against Hamas in Gaza deepening, some European countries are voicing support for recognising a Palestinian state sooner. "Recognising a Palestinian state is not a taboo for France," Macron said Friday at a meeting in Paris with Jordan's King Abdullah.

Young Sheldon" for its seventh season is set to air on CBS on Thursday, February 15, 2024, at 8 p.m. ET/5 p.m. PT. Following its television debut, episodes will be available for streaming on Paramount+ the subsequent day. The ensemble cast includes Iain Armitage, Jim Parsons, Zoe Perry, Lance Barber, Montana Jordan, Raegan Revord, Annie Potts, and Emily Osment.

Hamas. PM Modi met with UAE leader Sheikh Mohammed bin Zayed Al Nahyan on Tuesday in Abu Dhabi, where the war and conflict in the Red Sea featured heavily in discussions, according to India’s Foreign Secretary Vinay Kwatra. Both leaders agreed, though, to take the first step to operationalize part of the ambitious India-Middle East-Europe Economic Corridor, or IMEC, he said.

Super Bowl brought a mix of emotions for Kylie Kelce! Accompanied by her husband Jason, 36, Kylie, 31, settled into their plush suite at Allegiant Stadium in Las Vegas to support Jason's brother, Travis Kelce, 34, and the Kansas City Chiefs.

Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace. Such a pause «would bring an immediate and sustained period of calm into Gaza for at least six weeks, which we could then take the time to build something more enduring,» Biden said Monday following a meeting with Jordan's King Abdullah II at the White House.

US President Joe Biden's cognitive abilities have been raised after he made one more gaffe publicly. While hosting the King of Jordan, Abdullah II at his official residence White House, he appeared confused on the stage. As the Jordanian King was ready to speak, Biden started looking for a mark on the floor to know the right place to stand. He wavered between two locations before deciding to proceed to Abdullah's left and in front of the Jordanian flag.

“Now, where was I…" Jon Stewart said in his return to “The Daily Show," which he left in 2015 after 16 years as the anchor of the satirical news show. It was the premiere of the show’s 29th season, which Stewart will host on Monday nights through the presidential election in November.

As the White House ponders its response to the attack on Tower 22, the U.S. military outpost in Jordan, the news from the Middle East could hardly be worse. From Gaza to the Red Sea and from Jordan to Iraq, a stream of unprovoked attacks by Iran and its proxies are driving President Biden into the greatest crisis of his presidency.

ALSO READ: Wall Street week ahead: Investors’ major focus on Fed rate decision, big tech earnings The US central bank is widely expected to keep interest rates unchanged, but investors and traders will look for signals from the Fed meeting outcome and chairman Jerome Powell’s press conference whether the central bank will start cutting interest rates at its next monetary policy meet in March. On Friday, the S&P 500 slipped 3.19 points, or 0.1 per cent, to 4,890.97. The Dow Jones Industrial Average rose 60.30, or 0.2 per cent, to 38,109.43.

Iran denied Monday any links to a drone strike in Jordan that killed three US military personnel and said it was not seeking an «expansion» of conflict in the Middle East. The killing of three American troops on Sunday in a strike in Jordan marked the first US military losses in the region since the Israel-Hamas war began. US President Joe Biden said "radical Iran-backed militant groups operating in Syria and Iraq" were behind the strike on the frontier base in Jordan's northeast. British Foreign Secretary David Cameron reiterated a call for Iran «to de-escalate in the region». Iran lambasted what it described as «baseless accusations» and said they were a «projection» and part of a «conspiracy of those who see their interests in dragging America's foot into a new battle». «The Islamic Republic of Iran does not welcome the expansion of conflict in the region,» Iran's foreign ministry spokesman Nasser Kanani said in a statement, adding that Tehran «is not involved in the decisions of the resistance groups». Iran has previously said it sees it as «duty» to support what it calls «resistance groups» in the region but insists they are «independent» in decision and action. Sunday's strike also left 34 personnel wounded, eight of whom required evacuation, according to the US Central Command. US troops operate at the base known as Tower 22 near Jordan's border with Iraq and Syria as part of an international coalition against the Islamic State jihadist group. Tensions have surged in the Middle East since Palestinian militant group Hamas launched an unprecedented attack on Israel on October 7, leaving around 1,140 deaths, mostly civilians, according to an AFP tally of official figures. Israel has since launched a

Investing.com — The U.S. dollar edged higher in early European trade Monday, retaining support at the start of a week packed with risk events, including a Federal Reserve policy meeting and key employment data.

Syria and Iraq, Reuters reported. It is pertinent to note that there are 350 US Army and Air Force troops at the base as it includes logistics support. However, there is little known publicly about the Tower 22 base.

Joe Biden said on Sunday that the US “shall respond" in response to an overnight drone strike near the Syrian border in northeast Jordan, resulting in the deaths of three American troops and injuries to dozens more. As reported by AP, Biden blamed the initial US fatalities in months, amid ongoing strikes by similar groups against American forces in the Middle East, on Iran-backed militias.

By Florence Tan

Iran-backed Houthi forces in Yemen who are regularly attacking commercial ships passing through Red Sea waters off Yemen's coast. While the United States has thus far maintained an official line that Washington is not at war in the region, it has been retaliating against the Iran-backed groups in Iraq and Syria and carrying out strikes against Yemen's Houthi military capabilities.

Middle East triggered safe-haven buying, while traders awaited U.S. Federal Reserve's chair Jerome Powell's remarks at the end of its two-day policy meet this week for interest rate outlook.