Suleiman Al-Khalidi

Syrian tycoon says government ordered him to step down from mobile operator

18 May 2020

AMMAN Syrian tycoon Rami Makhlouf issued a video statement on Sunday saying officials had told him to quit as head of mobile operator Syriatel, in the latest twist in a tussle over assets and taxes that has uncovered a rift at the heart of the ruling elite.

UPDATE 2-Arab Bank Q1 profit drops 36% on coronavirus provisions

14 May 2020

AMMAN, May 13 Arab Bank Group, Jordan's largest lender, said on Wednesday its first-quarter profit dropped 36% as it increased provisions to cope with disruptions from the coronavirus pandemic, but loans and customer deposits continued to grow.

Jordan bourse resumes trading with sentiment hit by worries over economy

10 May 2020

AMMAN Jordan's bourse resumed trading on Sunday after a two-month suspension with shares falling across the board, weighed down by investor fears the coronavirus pandemic will drag on the economy for months.

Jordan deficit forecast to rise by $1.4 billion as economy hit by coronavirus - fin min

08 May 2020

AMMAN, May 7 Jordan's budget deficit is expected to rise by at least one billion dinars ($1.4 billion) as government finances are dealt a heavy blow by the coronavirus' impact on the aid-dependent economy, the finance minister said.

Syrian army says Israeli jets hit military outposts in Aleppo province

05 May 2020

AMMAN Syrian air defences thwarted an Israeli missile attack on a research centre and a military base in the northern province of Aleppo state media said on Monday in the fifth such strikes in two weeks on suspected Iranian targets.

Jordan sees economy down 3% in 2020 due to coronavirus

04 May 2020

AMMAN Jordan's cash-strapped economy is expected to contract around 3% in 2020 due to the impact of the coronavirus as government revenue plunges due to a tight lockdown that paralysed businesses, the finance minister said on Sunday.

Syrian tycoon decries 'inhumane' security forces in unprecedented criticism

03 May 2020

AMMAN Sanctions-hit Syrian tycoon Rami Makhlouf said on Sunday that security forces were arresting employees at his companies "in an inhumane way" amid pressure on him to step down from his business empire and pay millions of dollars in tax.

Syrian tycoon appeals to Assad in rare video to help save his telecom firm

02 May 2020

AMMAN Syria's leading tycoon, Rami Makhlouf, said he will appeal to President Bashar al-Assad to allow his mobile communications company, Syriatel, to reschedule payment of taxes owed to the government in order to avoid a possible collapse of the firm.

Syria says Israeli helicopters strike targets in southern Syria

01 May 2020

AMMAN Israeli helicopters fired several rockets from the Israeli-occupied Golan Heights on targets inside southern Syria, Syrian state media reported on Friday, in what intelligence sources say is part of an increase in strikes against Iran-backed militias.

Jordan lifts driving ban as it eyes normality after tight lockdown

30 Apr 2020

AMMAN Jordanians took to the streets after a ban was lifted on driving and many businesses reopened in a rapid return to normality after the authorities relaxed a tough forty-day curfew to stem the spread of coronavirus.

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