Gold Price for 21-Karat Reaches JD 67.80 in Local Market - Jordan News
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Jordan News
a day ago
- Jordan News
Central Bank of Jordan Holds Key Interest Rate Steady - Jordan News
The Central Bank of Jordan's Open Market Operations Committee has decided, during its fifth meeting of the year, to maintain the key interest rate and all other monetary policy instrument rates at their current levels without change. اضافة اعلان This decision followed a comprehensive assessment of recent economic, monetary, and financial developments both locally and internationally. Economic indicators point to the resilience and robustness of the national economy amid ongoing regional geopolitical tensions. Jordan's GDP grew by 2.7% in the first quarter of 2025, a 0.5 percentage point increase compared to the same period last year, driven by growth across nearly all economic sectors. The central bank projects overall GDP growth of 2.7% for the full year 2025, supported by improvements in both domestic and external demand. Monetary stability in the Kingdom remains strong, bolstered by foreign currency reserves exceeding $22 billion as of the end of June 2025—enough to cover 8.4 months of the country's imports of goods and services. Inflation remained stable at 2% during the first half of the year, with expectations for it to remain around 2.2% for the full year, helping preserve purchasing power and support the competitiveness of the Jordanian economy. Likewise, the banking sector continues to show solid performance, with total customer deposits increasing by 7.1% year-on-year to reach JD 48.2 billion by the end of June 2025. Credit facilities granted by banks also rose by 3.9% year-on-year, reaching approximately JD 35.5 billion. Financial soundness indicators show the Jordanian banking sector is robust, with a capital adequacy ratio of 18.0%—one of the highest in the region—and a legal liquidity ratio of 144.7%, well above the Central Bank's required 100%. Jordan's external sector continues to perform positively. Tourism revenue increased by 11.9% in the first half of 2025, reaching $3.7 billion, compared to the same period last year. Total exports grew by 8.6% during the first five months of 2025, amounting to $5.6 billion. The Central Bank of Jordan reaffirmed its ongoing commitment to closely monitoring economic, monetary, and financial developments at both the domestic and international levels and taking all necessary measures to maintain monetary and financial stability in the Kingdom. These efforts aim to ensure moderate and stable inflation rates and support sustainable economic growth.
Jordan News
a day ago
- Jordan News
JD 92.4 Million in Trade Exchange with Syria in Four Months - Jordan News
The volume of trade exchange between Jordan and Syria during the first four months of this year reached JD 92.4 million, including JD 72.1 million in exports and JD 20.3 million in imports, resulting in a trade balance surplus of JD 51.8 million in favor of Jordan, according to the Amman Chamber of Commerce as reported by Al-Mamlaka. اضافة اعلان The Chamber noted that Jordanian products currently showing strong export potential to the Syrian market include iron, cement, insulation materials, paints, and electrical cables. In comparison, trade between the two countries last year amounted to JD 115.9 million, with JD 55.1 million in exports and JD 60.8 million in imports, placing the trade balance in Syria's favor at that time. According to the Chamber, Jordan's exports to Syria last year totaled JD 55.076 million and included food products, chemical industries, leather, live animals, and other goods. Food industry products ranked first among exports, with a total value of JD 14.654 million—accounting for 26.6% of total exports. As for Jordan's main imports from Syria last year, they included plant products such as Aleppo pistachios and animal products such as live sheep. Total imports from Syria in 2023 amounted to JD 60.849 million.
Jordan News
2 days ago
- Jordan News
Growth in Garments, Fertilizers, Potash, Pharmaceuticals Boosts Exports - Jordan News
Exports of garments, fertilizers, raw potash, and pharmaceutical preparations grew during the first five months of 2025, contributing directly to the overall rise in national exports during the same period, according to the Department of Statistics' foreign trade. اضافة اعلان Garment exports, including related items, rose by 8.8 percent, reaching JD 665 million by the end of May 2025, compared to JD 611 million in the same period of the previous year. Fertilizer exports increased by 8.5 percent to JD 394 million, up from JD 363 million. Exports of raw potash grew by 4.8 percent, totaling JD 198 million compared to JD 189 million during the same period last year. Pharmaceutical exports also saw a modest rise of 0.9 percent, reaching JD 233 million, up from JD 231 million in the corresponding period of 2024. Conversely, exports of jewelry declined by 16.8 percent, falling to JD 277 million from JD 333 million. Phosphate exports also dropped by 4.5 percent to JD 212 million, compared to JD 222 million during the same period last year.
