
Social Security Corporation Honors Workers on International Workers' Day - Jordan News
Furthermore, the SSC called on all employers across economic sectors to prioritize occupational safety and health, ensuring a safe work environment that protects their employees' lives and well-being.
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Al Bawaba
13 hours ago
- Al Bawaba
GIB reports strong first half financial results, demonstrating continued strategic progress and financial strength
In Q2 2025, net profit attributable to shareholders soared to $44.2 million, marking an 8% increase from $41 million during the same period last year. This strong performance was strategically powered by diversifying income sources and reducing reliance on net interest income, achieved through offering value-added, differentiated products and services across the Bank's business lines. The Bank recorded a notable rise in non-interest income, reaching $58.7 million compared to $34.3 million, reflecting a healthy increase of 71%. Operating expenses were managed at $113.2 million, showing a slight rise of 4%. Provisions for the quarter amounted to $18.6 million, up from $1.2 million in Q2 2024, with remarkable revenue growth, containment of expenses, and prudent provisioning all together contributing to the rise in consolidated profit of $52.6 million for the Group, up 10% from $48 million in the same period last and diluted earnings per share for shareholders rose to $2.21 cents, compared to $2.05 cents per share in the same period last year. Total comprehensive income attributable to shareholders increased by 3% to $40.4 million, up from $39.3 million in the previous the first half of 2025, net profit attributable to shareholders of the Bank grew by 4% to $92.2 million compared to $88.5 million in the prior year. Net income for the first half reached $112.6 million, a 6% increase from$106.3 million in the previous income for the first half reached $112.2 million compared to $90.3 million, reflecting an increase of 24%. This growth was driven mainly by foreign exchange income, net trading income and asset recoveries from previously written-off customers. This performance highlights the Bank's progress in executing its strategy to diversify income sources and enhance cross-selling Bank maintained operational efficiency, with a controlled rise in operating expenses of 5% to $222 million, representing measured growth while focusing on strategic initiatives. Basic and diluted earnings per share attributable to shareholders reached $4.61 cents, compared to $4.43 cents per share in the prior period. Total comprehensive income attributable to shareholders stood at $89.8 million, up 6% from $84.5 million in the previous shareholders' equity, excluding minority interest, rose by 4% to $2.6 billion from $2.5 billion in December 2024, including reserves and retained earnings of $565.3 million, which account for 28% of consolidated assets at the end of the first half stood at $49.2 billion, compared to $42.9 billion, reflecting a 15% increase since December 2024. This growth was driven by a rise in transitory client deposits linked to the Group's cash management and payment services in the UK, which are held with central banks, other banks, and short-term securities. Cash and liquid assets, including short-term placements, reached $21.3 billion, representing 43% of total assets, compared to 40% in December 2024. Investment securities amounting to $9.5 billion were primarily composed of highly rated and liquid debt securities issued by major financial institutions and regional government-related entities. Loans and advances rose by 5% to $16.1 billion, aligning with the Bank's strategy to originate, underwrite, and continued to leverage its strong funding profile in the first half of 2025, with customer deposits reaching $33.8 billion. The Bank's solid funding position reflects the confidence of its customers and counterparties, bolstered by its strong ownership and financial stability. The liquidity coverage ratio of 131.1%, net stable funding ratio of 138.7%, and Basel 3 total capital adequacy ratio of 14.8% are all well above the regulatory financial statements for the first half of 2025 were reviewed by the external auditors KPMG -Fakhro and comply with International Accounting Standard (IAS) 34 - Interim Financial International Bank B.S.C. is a pan GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB's services are delivered across the GCC and international markets through its subsidiaries: GIB Saudi Arabia, GIB (UK) Ltd. Additionally, the Bank has branches in London, New York, Abu Dhabi and Oman in addition to a representative office in Dubai. GIB is owned by the sovereign wealth funds/governments of the Gulf Cooperation Council countries (GCC), with Saudi Arabia's Public Investment Fund (PIF) being the primary shareholder. © 2000 - 2025 Al Bawaba (


Jordan News
a day ago
- Jordan News
Digital Payments in Jordan: How to Stay Secure and Make the Most of Online Transactions - Jordan News
In recent years, Jordan has witnessed a rapid rise in the use of digital payment solutions. From mobile wallets to contactless bank cards, more Jordanians are paying for goods and services without touching cash. Whether it's settling a utility bill through an app, paying for groceries with a tap, or sending money to family members instantly, cashless transactions have become part of everyday life. اضافة اعلان However, with convenience comes responsibility. As digital payments grow, so do online scams, phishing attempts, and fraudulent activities targeting users unfamiliar with proper security measures. Understanding how to use these tools safely can make all the difference. 1. Know Your Payment Options Jordan offers a range of digital payment solutions: Mobile Wallets such as JoMoPay -linked apps allow users to send, receive, and store money securely on smartphones. Bank Apps provide direct access to accounts, bill payments, and transfers. E-commerce Platforms enable secure checkout with credit/debit cards or integrated wallet services. Before using a service, ensure it is licensed by the Central Bank of Jordan. 2. Watch Out for Scams Common tactics include fake SMS messages claiming to be from your bank, suspicious links sent via WhatsApp, and fraudulent online shopping pages. Always: Verify sender details before clicking links. Avoid entering sensitive information on unfamiliar websites. Contact your provider directly if something feels suspicious. 3. Strengthen Your Digital Hygiene Just like you wouldn't leave your wallet lying in a public place, treat your digital wallet with care: Enable two-factor authentication (2FA). Use strong, unique passwords . Update your apps regularly to patch security vulnerabilities. 4. Take Advantage of Features Many apps offer tools beyond simple transactions—spending trackers, budgeting tools, and instant currency conversion for travel. Familiarizing yourself with these features can help you save time and money. 5. The Future Is Cashless—But Stay Cautious The Central Bank and fintech companies are pushing for greater financial inclusion through cashless systems. While this opens new opportunities for Jordanians—especially in rural areas—users must remain alert to potential risks. A little digital awareness can go a long way toward making online payments not just convenient, but safe. 6. Protect Your Privacy While Shopping Online Online shopping has become a major driver of digital payments in Jordan, but it also exposes users to tracking, targeted ads, and potential data leaks. Using a VPN, can mask your location, secure your data, and help you safely access international e-commerce sites without compromising personal information. As Jordan moves toward a more connected financial future, the key is simple: embrace the technology, but protect yourself while doing so.

Ammon
a day ago
- Ammon
Jordanians spend $1.2 billion on tourism abroad in 7 months
Ammon News - Preliminary data released by the Central Bank of Jordan (CBJ) indicated that Jordanians' spending on tourism abroad surged by 4.0% during the first seven months of 2025, reaching $1,247.1 million. Also, the data showed that July saw a 7.0% increase, reaching $247.4 million.