United Arab Bank Successfully Raises AED 1.03 billion through Rights Issue
First Abu Dhabi Bank (FAB) acted as Lead Manager and Bookrunner of the Rights Issue and Al Tamimi & Co. acted as Legal Adviser.
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Jordan Times
9 hours ago
- Jordan Times
JCI issues report on challenges of food industry sector
AMMAN — The Jordan Chamber of Industry (JCI) issued the third report of its reform series "Regulatory Challenges Waiting to be Addressed", which was dedicated to the food, catering, agricultural and livestock industries, one of the sectors most closely related to food security and economic stability. According to a statement issued by JCI, the report comes as a continuation of the institutional approach adopted by the JCI to diagnose the most "prominent" regulatory challenges facing the various industrial sub-sectors, the Jordan News Agency, Petra, reported. Also, the report offers practical solutions in line with the priorities of the Economic Modernisation Vision (EMV), specifically in the item "Unlocking Potential". The report noted that the sector, despite its "strategic" importance, is facing challenges at a time when there is a growing need to expand the production base and enhance reliance on domestic inputs. The JCI stressed that addressing these challenges is a national priority and is in line with the priorities of the EMV and the food security strategy, noting that the solutions proposed in the report do not require new budgets or direct financial support, but rather decisions that enhance local production.
Jordan Times
9 hours ago
- Jordan Times
2nd Jordan International Food Festival kicks off in Amman
AMMAN — The second edition of the Jordan International Food Festival (JIFF) lunched on Wednesday in Amman, with wide participation from major food industry brands, as well as local and international chefs. The festival management and organisers said that the festival embodies a vital platform to promote Jordanian food products and highlights the importance of Jordan on the world cultural tourism map, according to The Jordan News Agency, Petra. They added that the festival sheds light on the distinguished heritage of Jordanian food and enhances the Kingdom's status as a unique travel destination. The festival had dispatched a relief convoy to Gaza ahead of its official opening as part of its humanitarian efforts, in cooperation with the Jordan Hashemite Charity Organisation (JHCO), and with contributions from participating companies, institutions, and individuals. The relief assistance will total 300 tonnes of food and medical supplies, to be delivered in three batches before and during the festival, to alleviate the suffering of the Palestinian people in the Gaza Strip amid the difficult humanitarian conditions caused by the Israeli siege. They also said: "The festival forms a bridge between tradition and modernity, connecting local community and its guests from around the world, and linking diverse cuisines with the stories they tell.' Jordan Tourism Board (JTB) Spokesperson Anas Adwan said that the initiative represents Jordan's commitment to the causes of the Arab nation, and reflects the national role of the tourism sector in carrying humanitarian values. He also added that this year's festival combines support for local products with solidarity with the people of Gaza and the donation channels will remain open throughout the festival, encouraging continued public participation. JIFF continues until August 11, featuring a diverse programme of live shows, workshops, and competitions that highlight the richness of both Jordanian and international cuisine. Dedicated areas have also been allocated for youth-led and entrepreneurial projects in the food sector. This year's festival features 165 entrepreneurial projects, including 76 women-led initiatives, 180 Jordanian restaurants, and 20 food manufacturing companies, according to Petra. It also supports 38 local communities through production kitchens, handicrafts, and cultural exhibitions. JTB also announced that ticket proceeds from the festival of the 2025 edition will be donated to support children in Gaza.
Jordan Times
13 hours ago
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Royal Decree approves reshuffle of PM Hassan's Cabinet
AMMAN — A Royal Decree was issued Wednesday, approving a reshuffle of Prime Minister Jafar Hassan's Cabinet, according to a Royal Court statement. The Royal Decree approved the appointment of the following: Nidal Katamine as Minister of Transport Badria Al Balbisi as Minister of State for Public Sector Development Abdul Latif Al Najdawi as Minister of State for Prime Ministry Affairs Raed Adwan as Minister of Youth Ibrahim Al Bdour as Minister of Health Saeb Khraisat as Minister of Agriculture Imad Hijazin as Minister of Tourism and Antiquities Tareq Abu Ghazaleh as Minister of Investment Ayman Suleiman as Minister of Environment The ministers were sworn in before His Majesty King Abdullah II at Al Husseiniya Palace. HRH Crown Prince Hussein, Prime Minister Jafar Hassan, and Royal Hashemite Court Chief Yousef Issawi attended the swearing-in, the statement said. Another Royal Decree was issued, approving the resignation of the following, as of 6 August 2025: Lina Annab as Minister of Tourism and Antiquities Khaled Hneifat as Minister of Agriculture Ahmad Oweidi as Minister of State Mothanna Gharaibeh as Minister of Investment Feras Hawari as Minister of Health Muawieh Radaideh as Minister of Environment Wesam Tahtamouni as Minister of Transport Abdullah Odwan as Minister of State for Prime Ministry Affairs Kheir Abu Seileek as Minister of State for Public Sector Development Yazan Shdeifat as Minister of Youth His Majesty received the resigning ministers and thanked them for their efforts while in office.
