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Amid pressures, Jordan’s economic outlook positive

  Amman / TNS Amid a turbulent regional political and security environment, Jordan is wrestling with sluggish growth and high unemployment, according to a new World Bank report. Launched by the World Bank and the government in Amman, the report found that the economy slowed down for the first time since 2010, further widening Jordan’s output gap, with growth declining from ...

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Algeria’s Tiguentourine gas plant ready for full production

  REUTERS Algeria’s Tiguentourine gas plant is ready to come fully back online for the first time since a deadly militant attack in 2013, General Manager Kamel Aoues said on Saturday. “Full production is for the coming days, all tests have been passed successfully,” Aoues told Reuters during a press visit to the site. The plant, 1,600 km (995 miles) ...

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Saudi Kayan swings to Q2 net profit

  REUTERS Saudi Kayan Petrochemical Co. swung to a net profit in the second quarter, ending a run of five straight quarterly losses, benefiting from low feedstock costs. The company, an affiliate of Saudi Basic Industries Corp (SABIC), made a net profit of 91.02 million riyals ($24.27 million) in the three months to June 30, it said in a bourse ...

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