Kodak Alaris Launches Next-Gen Scanners and Software to Drive Business Efficiency and Customer Impact
The KODAK S5000 Series is available in three models tailored to different performance needs: the S5160 processes up to 160 sheets per minute, the S5180 up to 180 sheets per minute, and the flagship S5210 up to 210 sheets per minute, with tri-stream mode delivering even higher image counts. The KODAK Capture Pro 7.0 software and the entire S5000 Series will be available in the Middle East starting August 2025.
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Jordan Times
4 hours ago
- Jordan Times
Despite regional challenges, Jordan's economy stable, growth on track — CBJ governor
AMMAN — Central Bank of Jordan (CBJ) Governor Adel Sharkas said that Jordan's economy continues to grow steadily despite regional instability, supported by a clear Economic Modernisation Vision (EMV). During a forum organised on Monday by the Jordan Strategy Forum (JSF) titled "Reform, Stability, Resilience," Sharkas said that the economy recorded 2.7 per cent growth in both quarter 4 of 2024 and quarter 1 of 2025, the Jordan News Agency, Petra, reported. The CBJ expects 2025 growth to remain at 2.7 per cent, rising above 4 per cent by 2028 with the implementation of 'major' infrastructure projects and continued fiscal reform, Sharkas noted. He stressed that Jordan's 'strong' fundamentals are solid monetary framework, stable investment climate, healthy banking sector and credible exchange rate. These factors boosted investor confidence, reflected in the strong performance of Jordan's Eurobonds, which are trading below issuance yields, he added. The CBJ governor added that during 2021–2024, the economy grew at an average of 2.9 per cent, recording the highest since 2010, driven by gains in productivity, human capital and non-traditional exports. This growth contributes now in 20.9 per cent to the gross domestic product (GDP), up from 16.2 per cent in 2016, Sharkas added. He noted that investment contributed 40 per cent to growth during this period, while external demand contributed 38 per cent. Sharkas attributed this momentum to structural reforms, with around 100 reforms since 2012, enhancing governance, competitiveness and job creation. Jordan's energy bill dropped to 7 per cent of the GDP in 2024, down from 21 per cent in 2012, thanks to energy diversification and long-term gas deals, he noted, adding that tourism revenue reached $3.7 billion in the first half of 2025 and is projected to hit $7.7 billion by year-end. Sharkas said that the foreign direct investment (FDI) reached $1.6 billion in 2024, while remittances are expected to rise to $3.7 billion, while inflation reached 2 per cent in the January-June period of 2025. Foreign reserves hit $22 billion, which is enough to cover 8.4 months of imports. Bank deposits reached JD47.7 billion in May, while dollarisation declined to 18.1 per cent, the CBJ governor said, pointing out that financial inclusion rose to 43.1 per cent in 2022, with gender gap narrowing from 53 per cent to 22 per cent. He added that digital payment activity surged to 538 million transactions worth JD55.3 billion in 2024, and credit facilities rose by over JD7 billion since 2020, reaching JD35.3 billion by May. The CBJ completed 90 of 94 initiatives under the 2023–2025 economic vision. The remaining are on track, Sharkas said. Public finance reforms are also advancing, with the primary deficit expected to drop to 2 per cent of GDP in 2025, aiming to a surplus by 2027. Public debt is projected to fall below 80 per cent of the GDP by 2028, the CBJ governor said. JSF Chairman Faris Sharaf stressed the need to balance monetary stability with flexible economic policies. JSF Executive Director Nasreen Barakat highlighted the forum's role in fostering evidence-based policy dialogue. JSF board member Nadia Saeed emphasised CBJ's regulatory role in supporting sustainable development. The event also addressed virtual asset regulations, SME support, economic literacy, and Jordan's resilience to external shocks.
Jordan Times
5 hours ago
- Jordan Times
Crown Prince attends ICT session within economic vision's second phase workshops
AMMAN — HRH Crown Prince Hussein attended on Monday a session on the ICT sector, held as part of the Economic Modernisation Vision's second phase workshops, hosted by the Royal Hashemite Court. During the session, the Crown Prince highlighted the importance of the ICT sector to Jordan's development, as well as the use of ICT tools to improve the quality and availability of services provided to citizens, according to a Royal Court statement. His Royal Highness emphasised the need for the public and private sectors to work together to continue developing the ICT industry, in order to boost economic growth and provide job opportunities for young Jordanians. The Crown Prince pointed to the importance of developing ICT specialties' education programmes at universities, in a way that meets labour market needs, the statement said. His Royal Highness also noted that initiatives of the National Council for Future Technology are being developed in line with the Economic Modernisation Vision, with the aim of advancing the ICT sector in accordance with the vision's cross-government executive programme.
Al Bawaba
11 hours ago
- Al Bawaba
United Arab Bank Partners with Smarbl to Launch RegPRISM, a Cutting-Edge AI-Powered Compliance Platform
United Arab Bank (UAB) has announced a strategic partnership with Smarbl, a leading RegTech and AI innovator, to co-develop and launch RegPRISM, an advanced regulatory intelligence and compliance management strategic move underscores UAB's commitment to meeting high standards of regulatory compliance, enhancing operational efficiency, and securing its reputation as a technological pioneer in the financial to transform how financial institutions navigate regulatory obligations, RegPRISM leverages the power of artificial intelligence to provide real-time visibility into regulatory changes, enabling UAB to track, extract, interpret and manage actionable obligations efficiently and partnership brings together UAB's deep-rooted compliance expertise and commitment to digital transformation with Smarbl's cutting-edge AI capabilities, positioning both organizations at the forefront of compliance automation in the Middle on the partnership, Shirish Bhide, CEO of United Arab Bank said: 'At UAB, we are committed to building a future-ready bank that embraces innovation to meet evolving regulatory and customer expectations. RegPRISM is a game-changer in how we approach compliance, enabling us to proactively manage regulatory changes with speed, accuracy, and confidence. Our collaboration with Smarbl will accelerate the pace of investment in our growth strategy, with a focus on developing innovative products and services and enhancing customer experience, whilst upholding the highest standards of governance and setting new benchmarks for compliance in the UAE.'Commenting on the partnership, Ajay Raju, Co-Founder of Smarbl said: 'Partnering with UAB to launch RegPRISM marks a significant step toward a new standard of AI-driven compliance in the region. By aligning Smarbl's AI and cloud-native architecture with UAB's vision for digital-first governance, the platform translates regulatory change into instant, clear, actionable and workflow-ready intelligence—helping the bank safeguard customers, unlock operational capacity, and set a new compliance benchmark for the UAE. Together we're proving that compliance can be proactive, scalable, and a catalyst for better banking—not just a cost of doing business.'Commenting on the partnership, Zsombor Brommer, Chief Compliance Officer of United Arab Bank said: 'As regulatory frameworks continue to evolve rapidly, financial institutions face increasing pressure to adapt swiftly and effectively. Traditional manual approaches to compliance are resource-intensive and often result in inefficiencies and inconsistencies. UAB is addressing these challenges through RegPRISM, a unified AI-powered platform that continuously monitors regulatory developments, maintains a dynamic regulatory library, and transforms raw regulatory content into structured, contextual workflows.'Utilising advanced technology now plays a vital role in regulatory compliance by streamlining processes, enhancing data management, and improving compliance risk assessment. Collaboration with Smarbl allows UAB to navigate and adopt complex regulations more efficiently and effectively, while reinforcing our commitment to comply with all applicable laws and regulations. By automating end-to-end compliance processes, RegPRISM empowers institutions to mitigate risk, reduce compliance overheads, and stay confidently ahead of regulatory change.
