Financial Services Companies Association: The Sector is Under Strict Oversight and Trading is a Personal Responsibility
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Jordan News
4 days ago
- Jordan News
Amman Stock Exchange Posts Record Highs, Reaches Largest Market Value Since 2010 - Jordan News
Amman Stock Exchange Posts Record Highs, Reaches Largest Market Value Since 2010 Average daily trading volumes up more than 83% compared to 2024 levels All exchange indices record historic growth Positive results reflect government efforts to improve investment climate and boost investor confidence اضافة اعلان Market capitalization of listed companies jumps to JD 22.3 billion Market cap grows 26% in seven months, with industrial sector leading the surge Market and regulatory factors drive capital market boom Positive outlook for continued growth supported by economic stability and development plans The Jordan Securities Commission announced Saturday that the Amman Stock Exchange (ASE) has registered record-breaking performance, its best in more than 15 years. From late 2024 through mid-2025, the bourse's market capitalization surged by 26.31%, while average daily trading volumes grew by 83.15%, alongside strong improvements across all major sector indices. According to the Commission, the total market capitalization of listed companies reached JD 22.3 billion at the end of July 2025, compared to JD 17.65 billion at the end of 2024—its highest level since 2010. Data showed the industrial sector posted the strongest gains, with market value climbing around 42% to JD 9.19 billion, supported by solid performance from extractive mining companies, particularly phosphate and potash producers. The financial sector's market cap grew by more than 21% to JD 10.45 billion, driven by banks and investment firms, while the services sector rose 4.16% to JD 2.64 billion. Trading activity also rose sharply, with average daily turnover hitting JD 7.58 million in 2025, up from JD 4.14 million in 2024, an increase of 83.15%. The industrial sector saw the most notable rise at nearly 130%, followed by financials at 76.24%, and services at 66.20%. This uptick boosted market liquidity, increased revenues for brokers and financial service providers, and positively reflected on overall market performance. In terms of indices, the ASE General Index (ASEGI) nearly doubled—up about 92% from its lowest levels in recent years—reaching 2,914.79 points by the end of July 2025, compared to 1,551.37 in November 2020. This marks the highest point since 2009, with the industrial sector serving as the main growth driver, the financial sector maintaining steady upward momentum, and services showing stable performance. The Securities Commission affirmed that these positive results reflect government measures to enhance the investment environment and strengthen investor confidence. Initiatives include updating financial services licensing regulations, setting new solvency standards, tightening oversight of public company disclosures, and implementing Economic Modernization Vision projects such as e-wallet systems and encouraging institutional investment. Improved corporate performance and stronger financial results of listed firms also played a key role, fueled by rising regional demand for Jordanian industrial exports and investor interest in dividends. Looking ahead, the Commission expects the market's positive momentum to continue in the near term, supported by macroeconomic stability, ongoing market infrastructure development, and diversification of financial instruments and services. It stressed that Jordan's capital market will remain a central platform for financing companies, spurring economic growth, attracting investment, creating jobs, and supporting government revenues. --(Petra)
Al Bawaba
10-08-2025
- Al Bawaba
Mohamed Salah slams UEFA post about the killing of 'Palestinian Pele'
ALBAWABA - Renowned Egyptian footballer and Liverpool player, Mohamed Salah criticized UEFA over its post regarding the killing of "Palestinian Pele," Suleiman Obeid, who was recently shot dead by Israeli forces. At just the age of 41, Obeid was shot dead on August 6 by Israeli forces while awaiting humanitarian aid due to the ongoing famine in Gaza, which has caused the death of over 217 Palestinians, including 100 children. Obeid's killing sparked outrage among human rights and pro-Palestine activists who took to social media to offer their condolences to his family. According to the Palestinian Football Association (PFA), 325 of its community, including players, coaches, managers, referees, and other staff, have been killed by Israel since Oct. 7, 2023, as reported by CNN. Mohamed Salah slams UEFA post about 'Palestinian Pele' death The Union of European Football Associations (UEFA) took to X (formerly known as Twitter) and wrote, "Farewell to Suleiman al-Obeid, the 'Palestinian Pele'. A talent who gave hope to countless children, even in the darkest of times," without disclosing the reason for his death. Salah responded on the same platform, slamming the organization, "Can you tell us how he died, where, and why?" His response garnered over a million likes and more than 78 million views. However, UEFA is yet to make a statement regarding the backlash it faced, as many pro-Palestine activists urged the ban of Israel from the joint association. Similar to Mohamed Salah, a pro-Palestine user wrote in the same platform, "MENTION HIS DEATH CAUSE TOO! The one who killed him his is Israel, its a huge shame that you didn't mention that." They added, "Why Israel is still in UEFA? They are child killers, they are terrorists, they are criminals. Russia was banned for not even 0.1% comparing to this. Get Israel out of UEFA. Free Palestine."
Jordan Times
24-07-2025
- Jordan Times
JBA, Rwanda ambassador discuss forming joint business council
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa on Wednesday met Rwandan Ambassador to the Kingdom James Ngango to discuss establishing a Jordan-Rwanda business council. The council aims to boost economic relations, facilitate 'deeper' business cooperation between the two countries, explore ways to expand cooperation between the private sectors of both countries and develop trade and investment exchanges, especially in priority sectors of mutual interest, according to Jordan News Agency, Petra. Tabbaa stressed the importance of building 'strategic' partnerships between businessmen in Jordan and Rwanda, calling for the need to organise "reciprocal" economic delegations to highlight promising investment opportunities in the Kingdom, particularly in the sectors of agriculture, tourism and pharmaceuticals. He also highlighted the significance of enhancing communication channels between the business communities of both countries to facilitate the exchange of expertise and enhancing cooperation. Ngango welcomed the proposal to establish a Jordan-Rwanda business council, expressing Rwanda's interest in boosting economic cooperation with Jordan. He highlighted his country's commitment to encouraging investors from both sides to explore the available investment opportunities, reinforcing the intent to expand bilateral economic ties and collaboration between the private sectors of both countries. The diplomat said that Jordan offers an attractive investment environment and encouraging incentives, while Rwanda provides a stimulating investment climate and various facilities for foreign investors. He stressed the importance of increasing the volume of trade between the two countries and providing appropriate frameworks to support cooperation. The trade volume between Jordan and Rwanda reached some $3.4 million in 2023, compared with $2.4 million in 2022, according to Petra.
