DATE: Jan. 14. 2021 ISSUE: 3377

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 Indonesian divers prepared to resume a search on Thursday for the remains of 62 victims and EUR 1.2154 the cockpit voice recorder from a Sriwijaya Air plane that plunged into the Java Sea soon after takeoff last weekend, officials said. The search at the crash site of the downed Boeing 737-500, GBP 1.3648 that was traveling from Jakarta to Pontianak, was temporarily suspended on Wednesday after bad weather whipped up high waves. (Reuters) JPY 103.99

 The United States stands by Taiwan and always will, the U.S. ambassador to the United Na- CHF 0.8868 tions Kelly Craft said following a call with Taiwan President Tsai Ing-wen, who told her the island would continue to seek access to U.N. meetings. Craft had planned to visit Taipei this AUD 0.7758 week, in the teeth of strong objections from China which views the island as its own territory. But the trip was cancelled by the State Department as part of a bar on all travel ahead of the NZD 0.7193 transition to the incoming Biden administration. (Reuters) CAD 1.2679

World Markets Global News Major Commodities

Index Value % Change U.S. Treasuries slipped on Thursday on a report that Oil 55.93 President-elect Joe Biden will announce a stimulus DOW 31060 -0.03 package as big as $2 trillion, while Japanese stocks Gold 1842.55 surged to a new three-decade peak as investors NASDAQ 13128.95 0.43 extended bets on a global growth rebound. The yield Silver 25.2 on benchmark 10-year U.S. Treasuries rose two 3809.84 0.22756 basis points to 1.1105% after CNN reported on the S&P 500 possibility Biden could spend $2 trillion, which is Platinum 1102.41 much more than market expectations and which CAC 40 5662.67 0.3 would be funded by borrowing. (Reuters)

DAX 13992.96 0.38 The U.S. government posted a December budget Three Month LIBOR deficit of $144 billion - a record for the month - due to FTSE 100 6745.52 -0.13 far higher outlays with coronavirus relief spending USD 0.24125 and unemployment benefits, while revenues ticked BOVESPA 121933.1 -1.67 slightly higher, the Treasury Department said on Wednesday. The Treasury said the December deficit EUR -0.55271 MXX (IPC) 45740.15 -0.46 compares with a $13 billion deficit in December 2019, before the COVID-19 pandemic started in the JPY -0.07633 NIKKEI 225 28698.26 0.85 United States. (Reuters) CHF -0.763 SHANGHAI 3565.905 -0.91 GBP 0.03413 S&P/ASX 200 6715.3 0.43

Index Value % Change Regional News 5290.726 -0.3 State-run Abu Dhabi Investment Office (ADIO) is Helpful hints Dubai 2721.3 -0.79 expanding its presence around the world, including the United States, Israel, China, Germany, France Saudi Arabia 8914.29 -0.35 and the United Kingdom, to attract more new busi- Beige Book: nesses to the emirate. At least eight new ADIO global 5658.17 0.39 network offices in Tel Aviv, New York, San Francisco, The Beige Book is a report pro- Frankfurt, , , and Seoul have just duced and published by the U.S. 1452.16 0.29 been established, a statement confirmed on Thurs- Federal Reserve. The report, day. ADIO enables opportunities for domestic and referred to formally as the Sum- foreign investors aligned with Abu Dhabi’s economic Qatar 10897.7 0.29 mary of Commentary on Current priorities (Zawya) Economic Conditions, is a quali- Oman 3673.447 -0.868 tative review of economic condi- Egypt and the International Islamic Trade Finance tions. The Beige Book is pub- Egypt 1177.1 0.25 Corporation (ITFC) have signed a finance cooperation lished eight times each year programme for 2021, providing the country with inte- before meetings held by Palestine 477.03 -0.18 grated financing solutions worth $1.1bn. The pro- the Federal Open Market Com- gramme was signed by ITFC CEO Hani Salem mittee (FOMC) and is consid- Lebanon 660.1007 -0.09 Sonbol; Executive Vice President of the Egyptian ered one of the most valuable General Petroleum Corporation (EGPC) Ashraf Ab- tools at the committee's disposal Tunisia 6711.41 -0.34 dullah; and Vice-Chairperson of the General Authority for making key decisions about for Supply Commodities (GASC) Ahmed Youssef. the economy. Morocco 11274.54 0.11 (Zawya) DATE: Jan. 14. 2021

ISSUE: 3377

Top 3 most active traded stocks in terms of JOD L o c a l n e w s

Symbol Closing Price Change % Volume JOD Prime Minister Bisher Al Khasawneh on Wednesday an- nounced the gradual return of students to their schools starting PHNX 0.33 -2.94 903,434 this coming second semester. The premier’s remarks were made during his address to the deputies ahead the vote of confidence UINV 1.14 -0.87 896,228 session. “The government is committed to ensuring the gradual return of students to schools and this will be done in accordance FINS 0.63 1.61 329,198 with a protocol that will be announced by the minister of educa- tion at a later stage,” Al Khasawneh told lawmakers. On Tues- day, His Majesty King Abdullah directed the government to reo- pen schools and various sectors in a systematic manner that Top 3 most active traded stocks safeguards public health and the national economy. While chair- ing a National Policies Council (NPC) meeting, attended by HRH Symbol Closing Price Change % Volume JOD Crown Prince Hussein, the King stressed that public health has been the top priority since the outbreak of the pandemic, noting recent improvements in the epidemiological situation. ( JNTH 0.41 2.5 148,551 Times)

RUMM 0.51 2 295,170 Fifteen COVID-19 deaths and 1,122 virus cases were record- ed in the Kingdom on Wednesday, increasing the caseload to WIRE 0.28 -3.45 2,508 310,968, the government announced. The new fatalities took the Kingdom’s coronavirus death toll to 4,091, according to a joint statement issued by the Prime Ministry and the Ministry of Health. The cases comprised 420 infections in , 321 in Irbid, including 33 in Ramtha district, 82 in Mafraq, 50 in Zarqa, 3 Biggest Gainers 68 in Balqa, 23 in Madaba, 44 in Karak, 20 in Ajloun, 18 in Aqa- ba, 10 in Tafileh, 53 in Jerash and 13 in Maan, including four in Symbol Closing Price Change % Volume JOD Petra district. The statement added that there are currently 13,346 active COVID-19 cases in Jordan. (Jordan Times) MANE 1.29 4.88 142,810 Mohammed Khdour and Saleh Hamdan on Wednesday re- ceived the keys to their new houses built under the directives of MBED 2.39 4.82 22,998 His Majesty King Abdullah. Khdour and Hamdan expressed gratitude to the Royal gesture and thanked His Majesty who felt NAST 1.1 4.76 96 their need for suitable house, the Jordan , Petra, reported. Royal Hashemite Court Chief Yousef Issawi, head of the follow-up committee for the implementation of Royal Initia- tives, handed over the keys to the families of the two beneficiar- ies. (Jordan Times) 3 Biggest Decliners Trading value for Wednesday 13/01/2021 reached JD(4.6) Symbol Closing Price Change % Volume JOD million. (5.9) million shares were traded through (2,365). The shares price index closed at (1717.66) point, an increase of EMAR 0.19 -5 46,000 (0.62%) The shares of (93) companies were traded, the shares prices of (34) companies rose, and the shares prices of (31) KAFA 0.42 -4.55 2,460 declined. (ASE)

ICAG 0.75 -3.85 410

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This News bulletin has been issued by Jordan Kuwait Bank’s Private Banking Unit for your personal use for information purposes only and should not be considered as an offer or the solicitation of an offer to buy or sell any investment or security. The information and any views expressed are given as of (14.01.2021) and subject to change . While the information has been obtained from sources believed to be reliable, it makes no guarantee to its accuracy or completeness and it should not be relied on as such. Jordan Kuwait Bank can accept no direct or consequential loss arising from use of this document or its contents at any time. This document may not be reproduced or circulated without the prior written consent of Jordan Kuwait Bank.