Developing the Securities Commission - Jordan News
We continue to witness the government of Dr. Jaafar Hassan making commendable efforts to improve the economic environment and achieve financial stability and sustainable growth. However, the role of the Securities Commission stands out as one of the essential pillars that urgently requires the government's attention. اضافة اعلان While the government has made significant strides in legislation and regulation, the time has come to direct more focus and effort toward developing this vital commission, which serves as a cornerstone in maintaining the stability of the financial market in the Kingdom. The financial market is in dire need of a comprehensive modernization of the Commission's system to keep pace with the rapid global changes in digital assets and electronic trading. Today, financial markets have become more complex, with trading conducted through advanced financial instruments that transcend traditional boundaries—such as cryptocurrencies and digital investment funds. It is now essential for the Securities Commission to be able to interact swiftly and effectively with these developments by updating its legislative and regulatory frameworks. In addition, we must work on strengthening investor confidence in the financial market and improving oversight by implementing flexible policies that align with technological advancements. Undoubtedly, the Securities Commission needs to update its digital infrastructure to provide accurate, transparent monitoring mechanisms that meet the demands of the digital age. In this context, the Commission must be capable of addressing challenges arising from electronic trading platforms, ensuring the protection of investor rights, and upholding fairness in financial transactions. Therefore, modernizing the Securities Commission is not merely a regulatory step; it is a strategic move that reflects the government's vision of transforming Jordan into a regional financial hub capable of attracting global investments. In light of digital openness and the rapid evolution of financial markets, providing a modern and flexible regulatory environment can enhance the appeal of the Jordanian market to investors seeking stability and transparency in their transactions. Furthermore, updating the Commission will enable it to leverage modern technologies such as artificial intelligence and data analytics to monitor markets and analyze data more efficiently. This would enhance its ability to deliver accurate and timely reports that protect investor rights and strengthen the reputation of the local market.
Additionally, Dr. Hassan's government and his economic team can play a vital role in supporting the Commission by attracting specialized expertise in fintech and cybersecurity. This approach would contribute to modernizing the Commission's internal systems and improving the level of regulatory performance in line with international best practices. The government's investment in the Commission would lead to increased trust in Jordan's financial system and attract more local and foreign investments seeking opportunities in a safe and innovative legal environment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Jordan News
9 hours ago
- Jordan News
Jordan 2030: A Sustainable and Inclusive Tourism Vision to Overcome Crises and Challenges - Jordan News
Jordan's vital tourism sector is facing growing challenges that require a new and innovative approach to ensure its sustainability and growth. In response, the 'Jordan Tourism Development Vision 2030' aims to transform the sector from merely attracting tourists into a comprehensive and sustainable model, positioning every Jordanian citizen as a key partner. اضافة اعلان --- Tourism: An Economic and Diplomatic Engine The vision emphasizes that tourism goes beyond visits—it is a cumulative economy encompassing an integrated value chain, from inputs to the final tourism product. This means tourism is not an isolated industry but one that is interconnected with and influenced by many other sectors. The vision also highlights the pivotal role of tourism as a form of public diplomacy. Through direct interaction between visitors and local communities, tourism presents a civilized and cultural image of Jordan and enhances its presence on the global stage. More importantly, tourism serves as Jordan's window to influence public opinion locally, regionally, and internationally, positioning the country not only as a leisure destination but also as a hub for investment, industry, and trade. Crucially, the vision underlines the importance of engaging both local and national communities. Every Jordanian is seen as an ambassador of the tourism sector, requiring increased awareness of tourism's significance and the role each individual plays in its success. --- Tackling Challenges Through Innovative Solutions The tourism sector in Jordan is facing a crisis that demands fundamental solutions. Key proposed initiatives include: 1. Financial Support and Funding: Tourism Development Fund: Establishing a fund to financially support tourism projects and infrastructure, modeled after the existing Industry Fund. Revenue from Digital Assets: Introducing digital assets like a "Petra Coin" to generate unconventional revenue streams—both from tourists and in their absence. Debt-for-Tourism Investment: Transforming international debts, grants, and aid into real investments in sustainable tourism projects, creating win-win scenarios for all parties. 2. Restructuring and Diversifying Tourism Products: Comprehensive Review of Tourism Systems: Overhauling all regulations and systems governing the sector to ensure flexibility and global alignment. Diversifying Tourism Offerings: Moving beyond traditional models to focus on quality and innovative tourism inputs, including: Encouraging Domestic Tourism: Offering preferential pricing for Jordanians to maintain sector sustainability. Affordable and Eco-Friendly Tourism Options: Providing budget-friendly alternatives alongside luxury experiences. Supporting Small and Individual Projects: Creating supportive environments and incubators for youth and local communities. Authentic Tourism Experiences: Embedding Jordanian culture and heritage into the tourist experience. Inclusive Religious Tourism: Developing compelling stories and narratives for each religious site. Monthly Theming of Tourist Sites: Tying the founding dates of sites to special events to boost interest and visibility. 3. Digital Marketing, Promotion, and Content Creation: Targeted Campaigns: Marketing directly to individuals and families using tailored strategies based on their interests. Comprehensive Tourism Platform: Building a rich, diverse content platform to showcase Jordan's offerings. Maximizing Digital Marketing Tools: Utilizing professional websites, social media, and search engine optimization (SEO). Artificial Intelligence (AI): Employing AI in marketing, media, and public relations to personalize experiences and enhance campaign targeting. Film and Multimedia Production: Investing in documentaries, dramas, and visual content to deliver a powerful and clear Jordanian message. 4. Enhancing Resilience, Crisis Management, and Infrastructure: Established Crisis and War Protocol: Developing a clear action plan for exceptional circumstances, including wars and crises. Boosting Domestic Air Transport: Reducing reliance on foreign airlines by strengthening local carriers. The Role of Petra Airport: Expanding and leveraging the airport's potential to position Jordan as a regional tourism hub. 5. Leveraging Environmental Opportunities and International Relations: Environmental Support and Zero Carbon Footprint: Benefiting from grants and donations linked to sustainable environmental practices. International Relations: Utilizing diplomatic ties to increase demand for Jordanian tourism. --- Integrating Local Communities The vision underscores the importance of integrating local communities into the tourism process. Such inclusion enriches the visitor experience through direct cultural engagement, creates job opportunities, and generates income for residents in tourist areas—thereby contributing to holistic development. --- A Roadmap for the Future of Tourism The 'Jordan Tourism Development Vision 2030' serves as a comprehensive roadmap to transform the tourism sector into one that is resilient, sustainable, and innovative. By embracing tourism as both a cumulative economy and a form of public diplomacy, empowering local communities, restructuring the entire tourism ecosystem, leveraging modern technologies, and establishing proactive crisis management plans, Jordan can strengthen its position as a leading global tourism destination—balancing profitability with the preservation of its cultural and heritage authenticity.
Jordan News
15 hours ago
- Jordan News
Amman Stock Exchange Closes Trading Higher - Jordan News
The Amman Stock Exchange closed its trading session today, Monday, with an increase of 0.89%, reaching the 2664-point level. The volume of traded shares reached approximately 9.5 million shares, with a total value of about 19.9 million Jordanian dinars, resulting from the execution of 2,548 deals. اضافة اعلان Comparing the closing prices of the traded companies' shares showed that 19 companies experienced a decrease in their share prices, while 34 companies saw their share prices rise, and the prices of shares of 28 other companies remained stable. --(Petra)
Jordan News
17 hours ago
- Jordan News
King Chairs Meeting with Heads of Authorities and Security Leaders - Jordan News
King Chairs Meeting with Heads of Authorities and Security Leaders King: Jordan will not allow anyone to exploit current regional developments to cast doubt on its firm positions regarding the causes of the nation. اضافة اعلان King stresses the importance of preserving internal unity and strengthening national spirit. King instructs state institutions to work on mitigating the negative economic impacts of the ongoing regional escalation. King reaffirms Jordan's position calling for intensified international efforts to reach a comprehensive de-escalation. King: Resolving disputes between countries and de-escalation must be pursued through diplomatic frameworks, dialogue, and negotiations. His Majesty King Abdullah II on Sunday affirmed that Jordan will not allow anyone to exploit the current regional developments to question the Kingdom's firm and consistent positions on the causes of the Arab nation. During a meeting he chaired at Al Husseiniya Palace with the heads of the three branches of government and security agency leaders, His Majesty underscored the importance of maintaining internal unity and reinforcing national spirit. The King directed all state institutions to work toward alleviating the negative effects of the current serious regional escalation, particularly in the economic sphere. His Majesty reiterated Jordan's call for intensifying international efforts to achieve a comprehensive de-escalation, stressing that resolving conflicts between countries and reducing tensions must occur within diplomatic frameworks, dialogue, and negotiations. The King once again emphasized that achieving lasting stability and peace in the region is not possible without resolving the Palestinian-Israeli conflict—the core conflict in the region. He renewed the call for stepped-up international efforts to reach a ceasefire in Gaza, reduce tensions in the West Bank and Jerusalem, and pave the way for a political horizon toward a just and comprehensive peace based on the two-state solution. The meeting was attended by Prime Minister Dr. Jaafar Hassan, Senate President Faisal Al-Fayez, House of Representatives Speaker Ahmad Al-Safadi, President of the Judicial Council Mahmoud Al-Ababneh, and President of the Constitutional Court Mohammad Al-Ghazo. Also present were Chairman of the Joint Chiefs of Staff Major General Yousef Ahmad Al-Huneiti, Director of the General Intelligence Department Major General Ahmad Hosni, and Director of Public Security Major General Dr. Obaidallah Maaytah. The meeting was attended as well by Chief of the Royal Hashemite Court Yousef Hassan Al-Issawi, Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi, and Director of His Majesty's Office, Engineer Alaa Al-Bataineh. — (Petra)
