Energy Minister: 55 Million Cubic Meters of Gas Annually and 145 Wells by 2030 - Jordan News
Regarding the floating gas storage and regasification unit (FSRU) in Aqaba, Al-Kharabsheh announced that its operations have ended and the vessel is scheduled to depart the port on June 4.
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Jordan News
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Amman Stock Exchange Posts Record Highs, Reaches Largest Market Value Since 2010 - Jordan News
Amman Stock Exchange Posts Record Highs, Reaches Largest Market Value Since 2010 Average daily trading volumes up more than 83% compared to 2024 levels All exchange indices record historic growth Positive results reflect government efforts to improve investment climate and boost investor confidence اضافة اعلان Market capitalization of listed companies jumps to JD 22.3 billion Market cap grows 26% in seven months, with industrial sector leading the surge Market and regulatory factors drive capital market boom Positive outlook for continued growth supported by economic stability and development plans The Jordan Securities Commission announced Saturday that the Amman Stock Exchange (ASE) has registered record-breaking performance, its best in more than 15 years. From late 2024 through mid-2025, the bourse's market capitalization surged by 26.31%, while average daily trading volumes grew by 83.15%, alongside strong improvements across all major sector indices. According to the Commission, the total market capitalization of listed companies reached JD 22.3 billion at the end of July 2025, compared to JD 17.65 billion at the end of 2024—its highest level since 2010. Data showed the industrial sector posted the strongest gains, with market value climbing around 42% to JD 9.19 billion, supported by solid performance from extractive mining companies, particularly phosphate and potash producers. The financial sector's market cap grew by more than 21% to JD 10.45 billion, driven by banks and investment firms, while the services sector rose 4.16% to JD 2.64 billion. Trading activity also rose sharply, with average daily turnover hitting JD 7.58 million in 2025, up from JD 4.14 million in 2024, an increase of 83.15%. The industrial sector saw the most notable rise at nearly 130%, followed by financials at 76.24%, and services at 66.20%. This uptick boosted market liquidity, increased revenues for brokers and financial service providers, and positively reflected on overall market performance. In terms of indices, the ASE General Index (ASEGI) nearly doubled—up about 92% from its lowest levels in recent years—reaching 2,914.79 points by the end of July 2025, compared to 1,551.37 in November 2020. This marks the highest point since 2009, with the industrial sector serving as the main growth driver, the financial sector maintaining steady upward momentum, and services showing stable performance. The Securities Commission affirmed that these positive results reflect government measures to enhance the investment environment and strengthen investor confidence. Initiatives include updating financial services licensing regulations, setting new solvency standards, tightening oversight of public company disclosures, and implementing Economic Modernization Vision projects such as e-wallet systems and encouraging institutional investment. Improved corporate performance and stronger financial results of listed firms also played a key role, fueled by rising regional demand for Jordanian industrial exports and investor interest in dividends. Looking ahead, the Commission expects the market's positive momentum to continue in the near term, supported by macroeconomic stability, ongoing market infrastructure development, and diversification of financial instruments and services. It stressed that Jordan's capital market will remain a central platform for financing companies, spurring economic growth, attracting investment, creating jobs, and supporting government revenues. --(Petra)
Roya News
2 days ago
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New season of 'The Voice' begins filming in Jordan
The Royal Film Commission – Jordan announced that MBC Group, the largest media network in the Middle East and North Africa, has begun filming the new seasons of the hit singing competitions The Voice and The Voice Kids at Olivewood Studios in Jordan. The production will run for four consecutive months. According to the Commission, Jordan was chosen after years of effort to position the Kingdom as a hub for high-quality television and film production, strengthening its role as a cultural and creative center in the Arab world. The large-scale project will spotlight local talent while boosting Jordan's creative industries, which hold significant economic potential for generating direct and indirect job opportunities. The production is expected to create hundreds of jobs for Jordanian professionals, including photographers, sound engineers, lighting technicians, and costume designers. It will also involve contracts with 16 Jordanian companies providing logistics and technical services. Minister of Tourism and Antiquities, Dr. Imad Hijazin, highlighted the significance of hosting such a major Arab production, saying it reflects both regional and international confidence in Jordan's ability to deliver top-tier production services. He added that the show will showcase Jordan's rich and diverse tourism and cultural assets to millions of viewers, boosting global awareness of Jordan's destinations and stimulating tourism. Royal Film Commission General Manager, Mohannad Al-Bakri, said the project demonstrates the success of the Commission's efforts to develop Jordan's film and television infrastructure, underlining the added value of Olivewood Studios. Director-General of the Jordan Tourism Board, Dr. Abdul Razzaq Arabiyat, described the show as an unprecedented promotional opportunity to position Jordan as both a tourism and creative hub. He noted that the footage filmed across the country will highlight Jordan's varied tourism offerings - nature, heritage, and culture - reaching tens of millions of viewers across the Arab world. Arabiyat emphasized that the initiative aligns with the Board's strategy of leveraging major productions to promote Jordan's positive image and attract more visitors, while strengthening cooperation between the tourism, cultural, and creative sectors for sustainable economic returns. Olivewood Studios Chairman, Raja Gargour, stressed the role of the creative industries within Jordan's Economic Modernization Vision as a driver of youth employment, noting that hosting a production of this scale is the result of close collaboration among national institutions. The project will also boost the transport and hospitality sectors, with Royal Jordanian handling air travel and local hotels accommodating over 11,000 room nights during filming. Scenes will be shot at 10 diverse outdoor locations across the Kingdom, giving millions of MBC viewers a chance to experience Jordan's beauty. Previous seasons of The Voice in Lebanon and Saudi Arabia attracted more than 100 million viewers.
Jordan News
2 days ago
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Ma'an Public Works Completes Road and Lighting Projects Worth JD 1.5 Million - Jordan News
Since the beginning of this year, the Directorate of Public Works in Ma'an Governorate has completed a package of road and lighting projects across various areas of the governorate, as part of the 2025 budget allocations. The total cost of the projects exceeded JD 1.5 million, with 100% completion rates achieved in several projects, while others remain under implementation. اضافة اعلان Engineer Omran Al-Badour, Director of Ma'an Public Works, told the Jordan News Agency (Petra) that the completed projects include the reconstruction of the Bir Khaddad road in Shobak, with a total length of 1 km and full completion, as well as the construction and expansion of the University-Athrah road to four lanes (two lanes in each direction), in addition to the reconstruction and widening of the agricultural road in Bir Abu Al-Ra'a. He added that the work also involved the construction of a box culvert in Al-Husseiniya District to address water accumulation during the winter season, and the implementation of a retaining wall project on the King's Highway in Shobak, with a completion rate of 80%. In addition, two projects are being implemented under a central tender based on directives from the Minister of Public Works and Housing, Eng. Maher Abu Al-Samen: the rehabilitation of the Rasifa-King's Highway, currently under implementation, and the Jafr–Husseiniya road, which is still in the tender awarding process in preparation for execution. Regarding lighting projects currently underway, Al-Badour explained that they include the installation of lighting systems on main roads in various locations, with an estimated total cost of JD 265,000. These include the Al-Mudawwara Road, Al-Mahmadiya Road, the Al-Hashimiyah–Husseiniya Road, the Athrah–Al-Jerba lighting project near Shobak, as well as lighting for Bir Khaddad, Prince Rashid Kindergarten, and others. All lighting projects are scheduled for completion by September, following a clear plan and timeline. Al-Badour pointed out that the value of projects funded by the Governorate Council (Decentralization) reached JD 960,000, while the centrally funded projects by the Ministry of Public Works and Housing exceeded JD 500,000. The budget allocations were utilized in full, reflecting the success of prior feasibility studies and the ability to make optimal use of available resources. Regarding future projects, he noted that the directorate is currently working on the 2026 development plan, which will be finalized soon. Among the key proposed projects is the rehabilitation of the Development Road, in response to citizen complaints about its deterioration. He emphasized the continued commitment to addressing the needs of different areas based on priorities and available capabilities. Al-Badour concluded by stressing that these projects reflect the commitment of Ma'an Public Works to developing a high-quality, efficient infrastructure, upgrading the current road network, and improving road safety and traffic conditions, which positively impacts the quality of life and public services. These efforts align with the goals of the Economic Modernization Vision and sustainable development plans, by strengthening infrastructure that supports growth, attracts investment, and provides a safe environment for transportation, trade, and tourism in the governorate.
