logo
Social Security Corporation Honors Workers on International Workers' Day - Jordan News

Social Security Corporation Honors Workers on International Workers' Day - Jordan News

Jordan News30-04-2025
The Social Security Corporation (SSC) announced in a press release from its media center that the number of active subscribers under its protection umbrella has reached 1.6 million, including approximately 1.375 million Jordanians and 225,000 non-Jordanians. اضافة اعلان On the occasion of International Workers' Day, marked annually on May 1st, the SSC extended its appreciation and respect to all workers across the Kingdom, affirming the importance of ensuring that all workers—regardless of gender or nationality—receive social protection and a safe work environment. The Corporation emphasized that social security is a vital safety net that ensures income security for workers and their families during old age, disability, death, temporary unemployment, maternity, or in the event of work-related injuries. Key Statistics and Social Programs Retirees: The cumulative number of retirees reached 368,000, of whom 250,000 are currently active. Female retirees account for 58,751, and 166,161 beneficiaries are receiving survivor pensions. Maternity Insurance: Over 117,000 maternity benefits have been disbursed to insured women in the private sector, benefiting more than 81,000 female subscribers. Childcare Program (Raya): This initiative, aimed at improving women's social protection, benefited 25,575 female subscribers, with 22,657 opting for home care and 2,918 utilizing nursery care. Unemployment Benefits: Around 338,000 insured persons have received unemployment benefits, providing financial stability during job transitions. Savings Withdrawals: A total of 557,000 subscribers made over 825,000 withdrawals from their savings accounts, for purposes such as medical expenses or children's education. Estidama++ Program: This program expanded social protection, reduced employer subscription costs, and provided financial support to workers. It has benefited 45,583 insured individuals. Work Injury Insurance: This coverage starts from the first day of employment and includes full medical care and treatment expenses. The SSC approved 519,146 medical treatment cases under this program. SSC Calls for Inclusion and Safety The SSC reiterated the legal obligation of all businesses in Jordan to enroll all their employees under social security from the first day of employment, regardless of employee numbers or wages. This ensures that no worker leaves the labor market without a pension. It also urged workers to actively inquire about their social security coverage and report any violations, encouraging them to contact the unified call center (117117) or National Contact Center (065008080) to file complaints or seek assistance.
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.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GIB reports strong first half financial results, demonstrating continued strategic progress and financial strength
GIB reports strong first half financial results, demonstrating continued strategic progress and financial strength

Al Bawaba

time13 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 (

Digital Payments in Jordan: How to Stay Secure and Make the Most of Online Transactions - Jordan News
Digital Payments in Jordan: How to Stay Secure and Make the Most of Online Transactions - Jordan News

Jordan News

timea 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.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store