Officials from Jordan and Cyprus discuss investment cooperation

Cypriot President Nicos Anastasiades and Jordan’s King Abdullah II. (File/Reuters)
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Updated 21 August 2023
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Officials from Jordan and Cyprus discuss investment cooperation

  • MoU to establish a regulatory framework to strengthen business collaborations was signed this month by Cypriot president 

AMMAN: Jordanian Investment Minister Kholoud Saqqaf met the Cypriot ambassador to his country, Michalis Ioannou, on Monday to discuss a memorandum of understanding that was signed by Cypriot president Nikos Christodoulides during an official visit to Jordan at the start of August.

The agreement focuses on efforts to enhance investment cooperation and establish a regulatory framework that will strengthen Jordanian-Cypriot business ties.

During the meeting, Saqqaf emphasized the significant nature of the agreement, which she said will make it easier for the two countries to collaborate more effectively in a number of sectors. She also highlighted the importance of working to showcase investment opportunities, identify promising sectors, organize sector-specific meetings, and exchange information on investment policies and legislation.

She said the Ministry of Investment is keen to provide support to help Cypriot enterprises overcome challenges and facilitate investment in the Jordanian market.

Saqqaf also discussed the measures the government has taken to ensure Jordan is an attractive destination for investors, including the introduction of legislation to regulate investment and facilitate public-private partnership projects. Additionally, the ministry has developed a comprehensive investment promotion strategy for the years 2023-2026 and launched the Invest.jo platform.

Ioannou said the shared objectives and views of the political leaderships in the two countries drive a desire to foster cooperation at all levels. He described the agreement as a significant step toward the enhancement of bilateral investment and business relations.

A virtual meeting between Jordan’s Ministry of Investment and the Cyprus Investment Promotion Agency is due to take place in September. Officials said it will focus on implementation of the agreement and ways to further strengthen collaboration.
 


14 migrants drown off Turkiye after chase ends in deadly collision

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14 migrants drown off Turkiye after chase ends in deadly collision

  • Search and rescue operations were continuing by land, sea and air to locate any remaining people who may still be missing

ANKARA: At least 14 migrants drowned on Monday after a boat carrying them collided with a coast guard boat off Turkiye’s Mediterranean coast during a chase, officials said.
The incident occurred near the coast of Demre, in Antalya province, as the vessel carrying Afghans ignored calls to stop and attempted maneuvers at high-speed to escape the coast guard boats, the state-run Anadolu Agency quoted Gov. Hulusi Sahin as saying.
Seven people were rescued from the sea by coast guard teams and given immediate medical care, Sahin said. Fourteen others who reached the shore were detained by gendarmerie units.
Search and rescue operations were continuing by land, sea and air to locate any remaining people who may still be missing.
Authorities have launched both a judicial and an administrative investigation into the incident, Anadolu said.
Separately, Turkiye ‌has drawn up plans to deal with a potential inflow of people fleeing ​the war in neighboring Iran, Interior Minister Mustafa Ciftci said on Wednesday, with preparations including possible buffer zones along the frontier and tent camps.
There was currently no unusual movement at the three border gates along ‌the Iran-Turkiye ‌border, Ciftci added.
Speaking ​in ‌Ankara, ⁠Ciftci ​said three ⁠contingency plans had been drawn up by authorities: managing any potential migrant flow on the Iranian side of the border; creating buffer zones along the frontier if movement cannot ⁠be stopped; and letting people ‌into Turkiye ‌under controlled conditions.
He added ​that Turkiye had ‌prepared initial capacity to host up ‌to 90,000 people in the event of a sudden inflow, including tent camps and temporary accommodation sites.
On Monday, hundreds of Iranians crossed the border into Turkiye. ⁠Others were reportedly waiting to cross. Ciftci said authorities had been informed that Iran was restricting its own citizens from leaving the country, while allowing Turkish nationals and third-country citizens to exit.