JDF allocates 5% of profits over 3 years to social responsibility
Jordan Duty Free decides to allocate 5 per cent of the company's profits over a period of 3 years to institutionalise social responsibility (Photo Courtesy of Jordan Duty Free)
AMMAN — Chairman of the Board of Directors of the Jordan Duty Free (JDF) Ayman Mufleh on Saturday said that the company's board of directors decided to allocate 5 per cent of the company's profits over a period of three years to enhance the development scope and institutionalise social responsibility.
Mufleh stressed that this initiative will be allocated to support the education and health sectors as a contribution from the company in the construction and/or maintenance of schools, facilities and health centres.
It also aims to keep pace with the increasing demand for these sectors in cooperation with the concerned public sector institutions and within the same mechanism that has been approved by companies and banks that have allocated funds for this purpose, he added.
The chairman pointed out that a special bank account will be opened at the Central Bank of Jordan (CBJ) for this purpose, according to accounting principles, to spend on these projects and within the actual completion and time plans to ensure compliance with implementation, the Jordan News Agency, Petra, reported.
He called on private sector companies and institutions to join efforts to institutionalise social responsibility, given its developmental impact and improving the services provided to citizens.
The social responsibility project to support vital sectors, mainly the education and health sectors, began with the announcement of several initiatives in the presence of Prime Minister Jaafar Hassan.
The project was initiated by the Association of Banks in Jordanian by allocating JD90 million, the Jordan Phosphate Mines Company allocated JD40 million, and the Jordan Petroleum Refinery Company allocated 5 per cent of its annual profits for this purpose.
These initiatives, which come in addition to what is committed in the State Budget for the education and health sectors, will contribute to supporting the government's efforts to upgrade these two "vital" sectors and improve the services provided to citizens.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Jordan News
4 days ago
- Jordan News
2.234 million visitors to Jordan in 5 months - Jordan News
The tourism sector has witnessed sustained growth during the first five months of 2025, marked by an increase in the number of international visitors and a rise in tourism revenues, compared to the same period in 2024, according to data from the Central Bank of Jordan and the Ministry of Tourism and Antiquities. اضافة اعلان According to the monthly report issued by the Ministry, the total number of international visitors from January to May 2025 reached approximately 2.696 million, reflecting a 20.6% increase compared to the 2.234 million visitors during the same period in 2024. Tourism revenue during the first four months (January–April) of 2025 reached approximately 1.721 billion Jordanian dinars, marking a 15.3% increase compared to the 1.493 billion dinars recorded in the same period of 2024. The number of overnight tourists from January to May 2025 rose to 2.233 million, compared to 1.919 million in the same period of 2024, an increase of 16.4%. Same-day visitors also saw a significant rise, reaching around 462,000 visitors compared to 315,000 in 2024 — a growth of 46.6%. The report revealed that the highest growth in overnight tourists during the first five months of 2025 came from the Asia-Pacific region, with a staggering 101.5% increase. This was followed by European countries with 53.8%, African countries with 33.8%, American countries with 27.0%, and Arab countries with 26.6%. In May 2025 alone, the Kingdom welcomed about 571,000 international visitors, up 27.1% compared to 449,000 visitors in May 2024. Tourism revenue in April 2025 increased by 34.2%, reaching 503.6 million Jordanian dinars, compared to 375 million dinars in April 2024. This positive performance is attributed to various initiatives by the Ministry of Tourism and Antiquities, including the development of tourism products, infrastructure improvements, enhancing the visitor experience, and expanding marketing campaigns to promote diverse tourism offerings in new markets. The growth is largely credited to targeted promotional campaigns in promising global markets, the resumption of several direct and low-cost flights, and improved accessibility to Jordan's tourist destinations. The Ministry continues to implement a comprehensive strategic plan aimed at achieving sustainable growth in the sector, increasing its contribution to the GDP, generating new employment opportunities, and enhancing the national economy. It also seeks to establish Jordan as a world-class tourist destination, promoting it as a country rich in historical, religious, and natural sites.
Jordan News
5 days ago
- Jordan News
Jordanian Expats' Remittances Drive Increased Demand for Dinar Ahead of Eid - Jordan News
Jordanian Expats' Remittances Drive Increased Demand for Dinar Ahead of Eid Firas Sultan, the representative of the financial and banking sector at the Jordan Chamber of Commerce, confirmed a noticeable surge in demand for the Jordanian dinar at local exchange companies ahead of Eid al-Adha and the summer season. اضافة اعلان Sultan attributed this uptick to a significant increase in remittances from Jordanian expatriates, which typically double during festive periods to support their families during the holiday. This results in a higher conversion of foreign currencies into dinars. He emphasized that these remittances are a key source of foreign currency for the local market and directly contribute to strengthening monetary reserves, while also boosting the purchasing power of Jordanian households—especially as they prepare for Eid. According to data from the Central Bank of Jordan, remittances from Jordanians abroad rose by 3% in the first quarter of this year, reaching $889 million. Sultan also noted that the return of thousands of Jordanian expats to spend the Eid holiday in the Kingdom, along with increased tourism activity, further drives demand for the dinar. He stressed the importance of this financial activity in supporting the national economic cycle. He praised the Central Bank's prudent monetary policy and its role in maintaining confidence in the local currency, highlighting ongoing communication between the Chamber and the Bank to address challenges faced by the sector. —(Petra)
Ammon
17-05-2025
- Ammon
16 initiatives launched to enhance Jordan's global tourist status
Ammon News - Jordan's tourism sector provides 16 initiatives, aimed to develop "marketable" experiences with a focus on travelers who seek unique, world-class experiences in the fields of heritage and nature, as well as religious, therapeutic, wellness, and adventure tourism. According to data from the Central Bank of Jordan (CBJ) and Ministry of Tourism and Antiquities, Jordan's tourism sector achieved "remarkable" growth during the first third of 2025, marking an increase in tourism revenue and an surge in the number of international tourists, compared to the same period in 2024. The Kingdom's tourism revenue during the January-April period of 2025 amounted to approximately JD1.721 billion, reflecting a 15.3% increase, compared to the same period in 2024, when the figure stood at JD1.493 billion. Based on the monthly report issued by the Ministry of Tourism and Antiquities, the total number of international visitors during the January-April period 2025 reached approximately 2.125 million, constituting a 19% increase, compared to the same period in 2024, when the figure stood at 1.785 million. The Kingdom witnessed a "significant" increase in tourism revenues and the number of international visitors during the past months of this year, reflecting a "positive" improvement in the sector's performance. The report noted this growth is due to multiple factors, mainly the "intensified diligent" promotional campaigns targeting "promising" global markets, added to the resumption of a number of direct and low-cost flights, which contributed to facilitating access to Jordan's tourist destinations. The Economic Modernization Vision (EMV), under "Jordan: A Global Destination" Axis, features a set of "qualitative" tourist initiatives, aimed at enhancing the sector's "competitiveness" and achieving "sustainable" growth, especially since the tourism sector is one of the largest contributors to Jordanian economy. The Kingdom boasts "unique" religious, historical, archaeological, heritage, and natural sites, mainly Petra, the Dead Sea, Wadi Rum, the Baptism Site, the Makawar Castle, and the Al-Husseini Mosque. Among the EMV's key tourism-related initiatives are development, management, and preservation of Jordan's tourist sites and facilities, launch of various types of tourist products and activation of the tourist investment initiative.
