Jordan to Use JD 280,000 from Japan for Irrigation Channel Maintenance - Jordan News
The Jordan-Japan Joint Account was established in 1997 under the management of the Ministry of Finance. Its funds are used, in coordination with the Japanese government, to finance development projects in the agricultural sector, as well as support food security, contributing to the Kingdom's economic development.
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Jordan Times
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67 industrial companies receive JD4.5m in grants through modernisation programme
AMMAN — A total of 67 industrial companies on Thursday signed agreements under the second phase of the industrial modernisation programme, with grants exceeding JD4.5 million. During the signing ceremony, Minister of Industry, Trade and Supply Yarub Qudah said that the government remains committed to supporting the industrial sector through the industrial support fund and its various programmes, the Jordan Enterprise Development Corporation (JEDCO) said on its website. He added that these programmes have benefited more than 654 companies in less than two years with financing reaching JD65 million, contributing to a 29 per cent increase in exports and creating more than 3,000 new jobs. The minister stressed that the industry sector is the 'most capable' driver of real and sustainable economic growth, pointing out that economic growth rate, which is globally recognised as the most important indicator of economic recovery, relies on two main factors, value of local purchases and the trade deficit. Qudah also reviewed several economic indicators recorded during the first five months of 2025, including a 10.6 per cent increase in exports, 2.7 per cent economic growth rate and 35 per cent rise in container handling at Aqaba port. There is a rebound in transit trade after years of decline, where exporters are facing challenges in transportation capacity due to high demand, which is a positive indication of the sector's vitality, he pointed out. He announced that Bab Al Hawa crossing between Syria and Turkey will re-open at the end of September, which will boost re-export activity to the European Union. President of the Jordan and Amman chambers of industry Fathi Jaghbir described the industry modernisation programme as a 'step forwards' towards supporting local industries and enhancing their ability to adapt to global changes. Qudah stressed that JEDCO has played a pivotal role in supporting the industrial sector over the years, enhancing competiveness of companies and enabling them to face challenges, in addition to facilitating participation in international exhibitions to open new markets for Jordanian products. He stressed that the national industrial sector continues to boost its 'strong' presence in the national economy, contributing nearly one-third of the GDP and serving as a key pillar of development despite regional and international challenges, reflecting its ability to maintain position in traditional markets while expanding to new emerging ones. The industrial modernisation programme, one of the initiatives under the industrial support and development fund supervised by the Ministry of Industry, Trade and Supply and implemented be JEDCO, provides beneficiary companies with financial grants alongside technical assistance aimed to enhance production capacity, reducing costs and minimising environmental and health risks. In its first phase, the programme supported 131 companies with total funding exceeding JD11million, JEDCO said.
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Local Gold Price at JD 67.80 per Gram - Jordan News
Gold prices remained steady Thursday morning, according to the daily bulletin issued by the General Union of Owners of Jewelry Shops and Trade. The selling price of 21-carat gold, the most popular among consumers, reached JD 67.80 per gram at jewelry shops, while the buying price stood at JD 65.60. اضافة اعلان Meanwhile, the selling prices per gram for 24-, 18-, and 14-carat gold were JD 77.80, JD 45.80, and JD 45.80, respectively.
Al Bawaba
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The Ritz-Carlton, Amman Appoints New General Manager, Dimitrios Kotsifakos
The Ritz-Carlton, Amman is pleased to welcome Mr. Dimitrios Kotsifakos as its new General Manager. As the hotel recently celebrated its third anniversary, Mr. Kotsifakos will lead the team in building upon its distinguished reputation for luxury and unparalleled guest experiences, further solidifying its position as a grand hotel and a beacon of excellence in the over two decades of proven success within prestigious global hospitality brands, including 15 years in leadership roles, Mr. Kotsifakos brings a wealth of expertise and a solid track record in hotel operations, food and beverage management, and high-profile events. His extensive experience across international markets aligns seamlessly with The Ritz-Carlton, Amman's strategic vision, dedicated to curating exceptional experiences for both discerning international travelers and local luxury on his appointment, Mr. Kotsifakos shared, 'It is a true privilege to lead the next chapter of The Ritz-Carlton, Amman, a property that embodies the spirit of refined hospitality and the unwavering pursuit of excellence. At the heart of our culture is a deep commitment to creating meaningful, memorable experiences for every guest. I look forward to building on this legacy, elevating our position as a premier destination where world-class culinary artistry and exceptional entertainment come together in perfect harmony.' A graduate of the prestigious Swiss Hotel Management School, Mr. Kotsifakos started his hospitality career in 2003 at the Hilton Athens. His journey with Marriott International began in 2010 as the Director of Food and Beverage at Costa Navarino Resorts. Since then, Mr. Kotsifakos has held a range of executive roles with prestigious brands across Europe and the Middle East, including The St. Regis, The Westin, and Sheraton. His deep international expertise, combined with his tenure in the Kingdom, will ensure The Ritz-Carlton, Amman continues to deliver on its global vision rooted in local authenticity.
