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JSC combat money laundering Jordan Securities Commission (JSC) President Dr Bassam Saket signed Wednesday a memorandum of understanding with the Anti-Money Laundering Unit to regulate cooperation between both entities and initiate the implementation of preventive measures carried out to combat money laundering.

JPhA strikes The Jordan Pharmacists Association (JPhA) announced that pharmacies will stage a 4-hour work stoppage on July 19, from 8 am to noon, during which pharmacy owners would stage a sit-in at the Professional Associations Complex in Amman, Zarqa and Irbid, to protest the 4% sales tax on medicines in the Sales Tax Law currently being debated by the Lower House. Uranium Prime Minister Nader Dahabi on Saturday checked on the work progress at a site in central Jordan where a Jordanian-French mining company is carrying out a uranium exploration project.

AoThe results so far are promising and positive and indicate the existence of uranium ores in commercial quantities,Ao Khalid Touqan, the head of the Jordan Atomic Energy Commission, said. FTA with Canada Jordan signed a free trade agreement with Canada on Sunday, giving the Kingdom preferential trade conditions, including full exemption from custom duties for its goods. In return, Jordan will reduce custom duties on Canadian products over a transitional period of four years. Bilateral trade stood at about $80 million in 2008, according to the Canadian Embassy. Kuwaiti loan agreement Jordan and Kuwait Fund for Arab Economic Development signed Wednesday an initial KD15 million loan guarantee agreement to finance the 3rd phase of Kherbet al-Samra Power Station. The project which will increase the capacity of the station is aimed at meeting the KingdomAAEs increasing demands for electricity. The projectAAEs total cost is estimated at JD120 million

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Publication:The Star (Amman, Jordan)
Date:Jul 6, 2009
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