Egypt Kuwait Holding Company has inaugurated and developed plants in Egypt at a cost of USD 46 million through its company, Sprea. EKH, listed in the Kuwaiti and Egyptian bourses, said in a press release on Saturday that Sprea Misr opened a plant for producing sulfuric acid, simultaneously with increasing productivity of the other factories and expanding production chains. The press release quoted Sherif Al-Zayat, Managing Director of Egypt Misr, as saying that the new sulfuric acid plant operates at a productivity capacity of 165,000 tons a year. Up to 80 percent of the output would be shifted to a fertilizers factory in Alexandria — 69 percent stakes of which are owned by the EKH. Sprea opened six new production chains, including some that produce three million formica boards per annum. Source: Kuwait News Agency

The Moroccan pavilion in Malaysia, which is locally called Astaka Morocco, is a symbol of cultural exchange between both countries, as it sheds light on Moroccan and Islamic architecture and heritage and has become a crucial tourist destination for enthusiasts of culture, history and photography as part of their tour at the Malaysian administrative capital of Putrajaya. The Moroccan pavilion is located within the botanical gardens in Putrajaya with the view of colorful flowers, and the capital’s lake, while it was designed to display the civilization, culture, and rich and varied history of the arts and architecture of the four ancient Moroccan imperial cities, which are Fez, Meknes, Rabat, and Marrakesh, in a tropical environment that characterizes Malaysia. Specialized craftsmen were recruited from Morocco to build the pavilion with the colorful mosaic arrangements, ornate inscriptions in Arabic calligraphy, geometric patterns of curvings, and arabesque designs, along with intricate carvings on wooden doors, wall panels, columns, ceilings, fountains, and furniture. Source: Kuwait News Agency

Information and Communication Technology Association of Jordan (Intaj) signed a memorandum of understanding (MoU) with Jordan Exports (JE), the umbrella organization for Export Promotion and Development in Jordan. The agreement aims to enhancing the Kingdom’s exports and increasing economic growth through joint cooperation in increasing export share in traditional markets and opening new destination s in other countries. According to an Intaj statement on Saturday, the memo was signed by Intaj CEO, Nidal Bitar, and JE CEO, Omar Qaryouti. Under the memo, Jordan Exports will benefit from the data and information provided by Intaj’s Market Study Unit, and thus provide “greater and better” support for achieving business expansion and opening new markets, by providing integrated information on global markets, in-depth analysis of their requirements and access opportunities. Likewise, Jordan Exports will provide other advisory, promotional and marketing services through Jordan Export Platform. Speaking at signing ceremony, Bitar said Intaj’s Market Study Unit is a “unique” opportunity for Jordanian companies to obtain an overview of global trends in multiple sectors, pointing out that the unit provides “rich” analytical data that help companies develop their strategies and achieve growth. He added that the memo will enable Intaj to support its efforts in finding new markets for ICT companies’ exports in Jordan. For his part, Qaryouti said Jordan Exports seeks to exploiting opportunities offered by Intaj’s Market Study Unit to enhance the company’s services and support Jordanian companies in achieving “greater” growth in international markets. Source: Jordan News Agency

Plastic and rubber products cover 59.7% of the Kingdom’s domestic consumption, a report by the Jordan Chamber of Industry (JCI) showed. The report, which “Petra” obtained a copy of, indicated that plastic and rubber products are well-established industries in the Kingdom, featuring a variety of types and uses, and contribute indirectly to completing production cycle of multiple commercial and industrial projects. According to the report, the sector has 641 establishments geographically spread across the Kingdom, employing 12,200 workers, who constitute approximately 4.5% of the total workforce in the industrial sector, the majority of whom are local employees. Annually, the sector’s production volume stands at approximately JD657 million, constituting 3.8% of the total industrial output. The report indicated that contribution of the plastic and rubber industries sector to the GDP amounts to 0.6%, due to its added value, which amounts to more than JD186 million, while the sector’s investments exceed the barrier of JD1.2 billion. The sector’s products, due to their quality and competitive privilege, were successfully exported to 70 markets globally with more than 95 products, the report revealed. Moreover, the sector’s exports by end of the first third 2023 amounted to about JD45 million, marking an increase of 4.9%, compared to the same period last year, which represents 1.7% of total industrial exports and 1.66% of total national exports. Source: Jordan News Agency