Ministry of Agriculture Announces Indicative Prices for Eid Al-Adha Sacrificial Animals - Jordan News
Al-Majali urged citizens to shop around and compare prices before buying, noting that there are over 400 livestock sale points in Amman alone, in addition to other sites across the kingdom.
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JD 67.9 per Gram for 21-Carat Gold in the Local Market - Jordan News
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What is expected of public-private partnership in economic modernization vision?
Jordan's Economic Modernization Vision is a comprehensive national project aimed at stimulating growth, expanding the productive base, and creating sustainable job opportunities. Its success, however, depends primarily on the ability of the public and private sectors to work as genuine partners with clearly defined and complementary roles, supported by institutional coordination that moves beyond theory into practical application—enhancing productivity and strengthening the competitiveness of the economy. The public sector, by virtue of its legislative and regulatory role, is responsible for providing a stable and transparent business environment, reforming the legal framework, streamlining administrative procedures, and ensuring fair competition. It must also invest in strategic infrastructure in energy, transportation, and water, enabling the private sector to scale up larger productive ventures. In return, the role of the private sector is not limited to financing projects; it extends to innovation, developing value chains, opening new markets, creating quality jobs, adopting technology, and improving production efficiency. From a domestic investment perspective, the private sector accounts for more than half of Jordan's GDP, making it a primary driver of the Vision's objectives. Despite fluctuations in investment levels between 2022 and 2025, first-quarter indicators for 2025 show a relative improvement in investor confidence, supported by business environment stability. However, sustaining this improvement depends on the government's ability to reduce risks, expand incentives, and ensure long-term legislative stability. Economic growth remains the compass for measuring the success of this partnership. Despite the challenges, growth rates showed relative improvement in 2025, providing a foundation to build upon for achieving higher rates by 2033. This can be achieved by enhancing spending efficiency, linking major projects to development zones, and expanding the role of the banking sector and the Social Security Investment Fund in financing productive activities. Unemployment remains the real test for this partnership, especially given the high youth unemployment rates. Investments must therefore be directed toward labor-intensive sectors, while aligning education and vocational training policies with labor market needs. Development and industrial zones can serve as key platforms for job creation, provided that tax and procedural incentives are strengthened and operational partnerships with the private sector are activated. Foreign investment is another complementary pillar, bringing technology, expertise, and access to global markets. Jordan's attractiveness to foreign investors depends heavily on the vitality of domestic investment, as local investor confidence sends a strong signal to international markets. The Jordanian banking sector plays a pivotal role in financing development by designing innovative financing tools accessible to productive projects and supporting entrepreneurs and SMEs with flexible lending programs. Meanwhile, the Social Security Investment Fund has significant capacity to stimulate the economy through strategic investments in infrastructure, energy, and technology, delivering balanced economic and social returns. Public sector reform is essential for the success of this partnership. Administrative efficiency, swift decision-making, and timely processing of transactions boost investor confidence. Furthermore, restructuring public spending and redirecting it toward productive projects—rather than unproductive current expenditures—amplifies the impact of private investment and accelerates the Vision's objectives. International experiences confirm this formula. 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10.75 Billion Dinars Processed via 'CliQ' Since the Beginning of the Year - Jordan News
Amman – The value of electronic payment transactions through 'CliQ' reached 1.86 billion dinars in July, marking a 16.3% increase compared to June, when the value stood at 1.6 billion dinars, according to statistics from the Jordan Payment and Clearing Systems Company (JoPACC). اضافة اعلان The data indicates that nearly 15.3 million transactions were recorded last month, up 16.9% from 13.9 million in June. Since the start of this year, the total number of 'CliQ' transactions executed in the past seven months has reached 85.97 million, with a total value of 10.75 billion dinars. Regarding the user base, the number of 'CliQ' users in Jordan rose to 1.92 million in July, an increase of 2.2% compared to the previous month. According to the statistics, 96.2% of the platform's users are Jordanian nationals, accounting for 1.85 million users, while 73.9 thousand users, or 3.8%, are of other nationalities. The data also revealed that the majority of 'CliQ' users in Jordan are male (61.9%), compared to approximately 35.3% female users, with young people aged 18 to 30 being the most active demographic. In terms of transaction types, money transfers accounted for 82.5% of the total transaction value via 'CliQ,' while purchases made through the system constituted 17.5%. The report shows that the average transaction value in July was 122 dinars, unchanged from June. 'CliQ' is Jordan's latest instant payment system, launched by JoPACC in 2020. It allows for instant money transfers between bank accounts in all participating banks and to and from e-wallets in Jordan. These figures reflect the significant development of Jordan's electronic payment sector, reinforcing the position of digital services as a safe and efficient alternative to traditional transactions and confirming the shift toward an advanced digital economy that keeps pace with global technological advancements. It is noteworthy that the total number of transactions processed through the 'CliQ' instant payment system last year reached 83.9 million, with a value of 12.1 billion Jordanian dinars. –(Al-Mamlaka)
