CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity - Jordan News
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Jordan News
9 hours ago
- Jordan News
Issuance of Treasury Bonds Worth 150 Million Dinars - Jordan News
Issuance of Treasury Bonds Worth 150 Million Dinars The Central Bank of Jordan, on behalf of the government, issued the 21st treasury bond offering for the current year on Tuesday, with a total value of 150 million Jordanian dinars. اضافة اعلان According to data reviewed by Al-Mamlaka, the maturity date for this issuance is July 16, 2032, while the settlement date is set for July 16, 2025. Treasury bonds are long-term financing instruments with maturities ranging from two to twenty years and come in various forms, including government/treasury bonds and corporate bonds. In contrast, treasury bills are short-term government debt instruments with maturities ranging from 3 to 12 months. They are considered low-risk financial tools and are actively traded in money markets through buying and selling. Source: Al-Mamlaka
Jordan News
9 hours ago
- Jordan News
Minister of Labor: 430,000 Young Jordanians Unemployed - Jordan News
Dr. Khalid Al-Bakkar, Minister of Labor, and Dr. Zaid Al-Nawaiseh, Secretary-General of the Ministry of Government Communication, held a media briefing on Tuesday titled "The Impact of Organizing the Labor Market on Providing Job Opportunities for Jordanians," as part of the Government Communication Forum series. اضافة اعلان During the meeting, Al-Bakkar reviewed the ministry's plans and programs related to labor market regulation, management of non-Jordanian labor affairs, the establishment of a Labor Market Observatory, and the development of a pilot Labor Market Information System. He also discussed efforts in training, employment, and inspection procedures. Al-Bakkar stated: "The number of unemployed young men and women in Jordan has reached 430,000. The ministry's decisions align with the goals of the Economic Modernization Vision to absorb these numbers in the coming years, while leveraging economic growth rates and investment volumes." He highlighted the presence of about 350,000 Jordanians working in the informal sector without any insurance programs, noting the ministry's ongoing efforts to regulate this sector and integrate these workers into the formal system. The minister announced the completion of the pilot version of the Labor Market Information System, planned for launch by the end of this year. This system aims to support ministry decisions by providing updated evidence-based data to align labor supply and demand. This system will be connected with all relevant government partners including the Department of Statistics, Social Security Corporation, Ministry of Higher Education and Scientific Research, Accreditation and Quality Assurance Commission, and coordinated with the Ministry of Digital Economy and Entrepreneurship to ensure high cybersecurity standards within government servers. Al-Bakkar outlined the four-phase plan for completing the Labor Market Observatory, which aims to evaluate labor market performance indicators to support decision-making and policy development. He stressed the ministry's dedication to closely monitoring all labor market details through an early warning system, designed to provide an accurate picture of economic and financial conditions of companies, predict failing businesses, and detail Jordanian and non-Jordanian workforce proportions and companies' compliance with hiring Jordanians. Regarding the employment and training system, Al-Bakkar said that the number of productive branches and units, a royal initiative implemented by the ministry, has risen to 33 units and branches currently employing 9,298 Jordanians. The capacity of these branches reaches 11,711 workers, with females comprising about 90.8% of the workforce and persons with disabilities about 4.2%. In response to royal directives to increase productive branches across governorates, there are currently 5 new branches, 3 under construction, and 6 in planning, all aiming to employ Jordanians near their residences to save time and effort. Concerning the National Employment Program, Al-Bakkar revealed that by mid-2025, the program supported 51,291 employment contracts and benefited 1,651 private-sector establishments. Over 10,000 job seekers registered during the first six months of 2025, while the ministry's employment directorates placed around 3,673 Jordanians in various sectors in the first half of the year. Additionally, 34 job fairs were held during this period. The training and employment system is also linked to the Vocational Training Corporation (VTC), which operates 30 training institutes, 8 distinguished centers, 426 trainers, and 128 training programs, including 23 newly introduced and 76 updated courses. Around 10,850 trainees enrolled in VTC programs, with a graduate employment rate of approximately 62%. Al-Bakkar noted that, in partnership with the private sector, the VTC is establishing specialized academies tailored to competitive and investment advantages. Examples include academies for manufacturing industries, agricultural technology, tourism and hospitality, e-commerce, leather and garments, culinary arts, jewelry, and vehicle maintenance. Regarding entrepreneurship support, the minister highlighted the role of the Development and Employment Fund in supporting small and medium enterprises and offering financing programs targeting youth and women. These include financing for electric vehicles and scooters (in cooperation with Jordan Post), economic empowerment of women, financing new and developing projects, supporting pioneering initiatives, and skills-based employment programs. By mid-2025, the fund disbursed about 9.74 million dinars to finance 733 projects, creating 1,411 job opportunities across all governorates. On regulating non-Jordanian labor, the ministry has taken several measures including reviewing the ratio of Jordanian to non-Jordanian workers in various sectors. It opened sector transfers in late 2024 to serve employers' needs and signed memoranda of understanding with several sectors to determine their needs for non-Jordanian labor versus hiring Jordanians. The ministry also amended work permit fees, reducing charges for skilled workers and canceling exit/re-entry permits for Egyptian workers. Workers from Gaza were exempted from fines for delayed permit renewals, and Syrian workers were exempted from fees and fines between June 30, 2024, and June 30, 2025. Joint inspection campaigns with the Interior Ministry and Public Security Directorate targeted illegal non-Jordanian workers. These efforts led to the deportation of 4,552 non-Jordanian workers in the first half of 2025, compared to 1,509 in 2024. Al-Bakkar affirmed the ministry's commitment to protecting workers' rights and ensuring private sector compliance with occupational health and safety standards through specialized directorates. During the first half of 2025, the ministry received 5,428 labor complaints via the "Himaya" electronic platform, most of which were resolved. Inspection teams visited 14,889 workplaces, with intensified inspections in sectors with high complaints or related to child labor, occupational health and safety, and employment of persons with disabilities. The ministry's directorate for domestic workers manages all issues related to household workers and recruitment offices, raising awareness among workers about their rights and clarifying employers' responsibilities. Regarding labor disputes, Al-Bakkar stated that the ministry handled 26 disputes in the first half of 2025, with 22 resolved through direct negotiation, while the rest remain under review. Dr. Zaid Al-Nawaiseh emphasized the importance of aligning vocational and technical training with labor market demands to create job opportunities for Jordanians. He noted that organizing the labor market and providing national employment programs help balance market needs with job availability. He added that the ministry is working on establishing a comprehensive, clear labor market information system that accurately reflects market reality as a strategic step toward enhancing labor market efficiency and supporting the Kingdom's economic and social development.
Jordan News
11 hours ago
- Jordan News
Curriculum Development: "Financial Literacy" to Be Introduced in Four Grade Levels - Jordan News
The National Center for Curriculum Development announced on Tuesday the inclusion of a new "Financial Literacy" textbook as part of a series of new books to be taught for the first time in the 2025/2026 academic year. The textbook will be introduced in Grades 7, 9, 11, and 12, aiming to build comprehensive financial awareness among students across different stages of their education. This is part of the Center's broader plan to prepare a conscious generation capable of navigating the evolving demands of the modern world. اضافة اعلان The book is part of an effort to equip students with sound financial knowledge, skills, and behaviors, while enhancing their understanding of core concepts in personal financial management, financial technology, artificial intelligence, green finance, and entrepreneurship. The textbook's writing team, headed by Dr. Adly Qandah, emphasized that the integration of financial literacy into the Jordanian curriculum seeks to empower students to manage their financial resources with awareness and responsibility, and to strengthen their ability to make informed financial decisions that contribute to a stable and sustainable financial future. Key topics covered in the textbook include: Money management Accounting and financial analysis Entrepreneurship Financial technology Financial markets and institutions Saving and personal budgeting Banking relations Financial rights and responsibilities Economic policies and systems The book was developed based on international financial education standards and national reference documents aligned with the goals of Jordan's economic and educational modernization visions. It also reflects feedback from teachers in the field and incorporates successful international educational models. A key feature of the textbook is its focus on practical application over rote memorization, its integration of technology, and its visually engaging content tailored to the target age group. It includes group activities and hands-on digital projects simulating real-life scenarios—such as preparing a personal budget, launching an entrepreneurial project, or analyzing financial case studies. It also encourages organizing field visits to banks and financial institutions to enhance student interaction with the real-world financial environment. The book was collaboratively prepared by a team of educational experts and specialists in economics and financial education, along with field teachers, representatives from the Ministry of Education, the Central Bank of Jordan, and various financial institutions, in addition to academic and digital content experts. In a message to students, the team leader wrote: 'This book is not just pages of information—it's a roadmap toward lifelong financial awareness. It empowers students to transform their dreams into reality. Don't see numbers as lifeless symbols, but as tools to build a prosperous future and foundations for sound and responsible decision-making.' He also emphasized the critical role of teachers in turning content into inspiring discussions that enrich students' minds, and addressed parents, urging them to continue supporting their children and fostering a culture of financial literacy that begins at home and extends to schools and the wider community. It is worth noting that the new textbook series to be launched in the 2025/2026 academic year also includes Philosophy, Psychology and Sociology, Digital Skills, and Business Mathematics, in addition to Financial Literacy.
