Google's 2004 IPO raises $1.66 billion in public auction
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Jordan News
an hour ago
- Jordan News
Social Security: We Do Not Have a 'Click' Wallet - Jordan News
The Social Security Corporation has directed expatriates who are voluntary contributors and do not hold a bank account in Jordan to pay their monthly voluntary contributions via the official 'e-Fawateercom' system, operated by Mada Payments, using Visa or MasterCard. اضافة اعلان The corporation stated that voluntary contributors with a bank account in Jordan can also pay through their banking app via e-Fawateercom at no additional fees by selecting the sector 'Government,' then the biller 'Social Security – Individuals,' choosing the service type 'Voluntary Contribution,' and entering their insurance number followed by their national ID without spaces, then paying the displayed or desired amount. The e-Fawateercom system is also available for voluntary contributors without any bank account in Jordan at over 3,500 authorized payment centers, including local banks and exchange companies across the Kingdom. The Social Security Corporation emphasized that it does not yet have any electronic wallets under the 'Click' instant payment system and warned against using any e-wallets for paying obligations to the corporation.


Jordan Times
2 hours ago
- Jordan Times
World Bank continues to review restructuring of National Employment Programme
AMMAN — The World Bank is in the process of finalising a restructuring plan for its Employment and Skills Project in Jordan, aimed at boosting private sector job creation and enhancing workforce skills. Citing a World Bank document, Al Mamlaka said that the restructuring is currently under review for final approval, with the goal of signing it with the Jordanian government. The primary objectives of the restructuring are to "improve implementation efficiency, expand the scope of impact, and increase the number of beneficiaries." In particular, the restructuring focuses on better aligning workforce skills with the demands of the labour market. The document emphasises that the restructuring will retain the project's strategic goals, including supporting the employment of Jordanians, particularly targeting women and youth. These groups are central to the project's mission of expanding economic opportunities. The project has already made significant strides, according to the document. Key achievements include providing on-the-job training to thousands of beneficiaries and fostering stronger partnerships between the government and private sector. The project, the document said, has contributed to improving the management systems of government programmes tied to the labour market, notably through enhanced monitoring and follow-up mechanisms. It has also played a role in regulatory reforms designed to help employers more easily recruit skilled workers. Launched in April 2022 as part of Jordan's response to the COVID-19 crisis, the initiative was aimed at boosting job recovery and increasing employment among youth (ages 18 to 40) in the private sector. The restructuring follows a comprehensive review of the project's performance and progress, with a focus on streamlining activities and maximising the impact of financial resources. Earlier reports said that the World Bank had approved a $112 million funding package in December 2021 to support the project. Of that amount, $46.5 million (41.5 per cent) has already been disbursed. The National Employment Programme, which the project supports, provides wage subsidies, on-the-job training grants, and incentives for hiring women and people with disabilities. The programme aims to improve economic participation rates and ensure equal job opportunities. As part of the restructuring, the project's closure date will be extended to July 31, 2028. This extension will allow for the completion of remaining activities and the expansion of its impact to benefit as many individuals as possible, while ensuring that targeted performance indicators are met, Al Mamlaka said.


Jordan Times
3 hours ago
- Jordan Times
Energy minister inaugurates Kingdom's first industrial solar heating project
AMMAN — Minister of Energy and Mineral Resources Saleh Kharabsheh on Monday inaugurated Jordan's first industrial solar heating plant in Al Muwaqqar Industrial City. The facility, operated by Rotografia Jordan–Walid Kilani and Partners, a leading packaging and printing solutions company, is the first of its kind in the Kingdom and marks a milestone in the use of renewable energy in the industrial sector, according to a Ministry of Energy and Mineral Resources statement. Kharabsheh highlighted the ministry's commitment to supporting such projects, noting they help reduce operational costs for local industries, enhance the competitiveness of Jordanian products in global markets, attract investment, and create jobs in solar-powered industrial heating, a field in which Jordan and the Arab world are taking pioneering steps. The ministry facilitates these initiatives by integrating its equipment into the renewable energy grid, granting customs and sales tax exemptions for renewable energy and energy efficiency equipment, reducing reliance on conventional fuels such as diesel and gas, and ensuring compliance with environmental standards. Preliminary studies indicate that solar photovoltaic-based industrial heating projects can achieve a return on investment within three to five years, with overall energy savings ranging from 40 to 90 per cent of annual consumption, offering long-term cost reductions for up to 25 years. Founded in 2014, Power Source Jordan for Renewable Energy Systems L.L.C. is implementing the project. The company specialises in advanced renewable energy technologies, including concentrated solar power (CSP) and photovoltaic systems, and provides customised industrial heating solutions for steam, oil, and air, based on industrial control systems. Thermal solar systems can yield annual returns between 20 and 33 per cent, depending on fuel prices, making them a safe and promising investment. CSP systems, in particular, are highly efficient, requiring nearly half the space of PV systems to achieve the same production capacity.