Toyota Supports Ajarma's Journey to the World Cup Aboard a Land Cruiser Prado - Jordan News
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Jordan News
2 hours ago
- Jordan News
Phosphate, Potash firms sign agreement to establish fertilizer complex - Jordan News
The Jordan Phosphate Mines Company (JPMC) and the Arab Potash Company (APC) signed an agreement to establish an integrated industrial complex in the Aqaba Special Economic Zone and Sheidiya for the production of phosphoric acid, pure phosphoric acid, and specialized fertilizers. اضافة اعلان The agreement was signed by JPMC Chairman of the Board Mohammad Thneibat, APC Chairman of the Board Shehadeh Abu Hdeib, and the Chief Executive Officers of both companies, Abdul Wahab Ruwad and Maan Nsour. In a joint statement issued Wednesday, the two companies said the project reflects their commitment to achieving the goals of economic modernization, particularly in the mining, chemical, and fertilizer sectors. The complex marks a qualitative leap that positions Jordan among leading producers and exporters of high-value specialized fertilizers and demonstrates a new level of industrial integration between key national companies. The project aims to establish advanced manufacturing industries by producing pure phosphoric acid, a core component in the production of phosphate and potassium-based fertilizers. It is also used in food, pharmaceutical, and cosmetic industries, helping Jordan penetrate specialized markets and support future industrial expansion. The two companies emphasized that this initiative reflects a shift toward value-added investment in natural resources by focusing on specialized production. It is a step toward building an advanced industrial base that boosts exports and enhances Jordan's regional and global position in the specialized fertilizer market. They added that the project offers a successful model of a productive economy built on the integration of national resources with accumulated industrial expertise. Cooperation between phosphate and potash sectors will unlock new opportunities for downstream manufacturing. The industrial complex supports national objectives to diversify industrial exports and strengthen Jordan's competitiveness in global supply chains. It also serves as a strategic response to global changes in agriculture and food security, positioning Jordan as a reliable supplier of specialized fertilizers. The project is expected to generate direct and indirect employment opportunities and launch training programs for Jordanian professionals in engineering, chemical industries, operations management, and quality control. These efforts will enhance the capabilities of local talent and support a culture of advanced, high-value manufacturing.
Al Bawaba
8 hours ago
- Al Bawaba
Kuwait's Ministry of Finance charts course for fiscal innovation and sustainable growth
The Ministry of Finance's efforts to advance fiscal resilience, financial sector development and investor engagement under Kuwait Vision 2035 were the focus of a recent high-level meeting between Noora Al Fassam, Minister of Finance and Minister of State for Economic Affairs and Investment, and senior representatives from Oxford Business Group (OBG), including Andrew Jeffreys, the Group's Chief Executive Officer, and Cristina Mirica, Country Director for Kuwait. The meeting provided an opportunity to discuss the Ministry's evolving mandate, with particular attention given to the implementation of the new Public Debt Law. The legislation establishes a KD 30 billion ceiling on sovereign borrowing across local and international markets, enhancing the capacity of the Central Bank of Kuwait and the Kuwait Investment Authority to manage debt sustainably. Discussions also highlighted the Ministry's progress in modernising Kuwait's mortgage framework to stimulate private sector lending and expand access to housing finance. Broader reforms in public financial management and fiscal governance were addressed as part of the Ministry's commitment to building a resilient and transparent economic environment. The Minister also underlined the importance of clear communication with stakeholders as reforms progress. 'By implementing robust public debt legislation and modernising the mortgage regime, we are taking decisive steps to strengthen fiscal resilience and support sustainable growth,' she said. 'It is essential that we convey these developments transparently to global investors and partners.' Andrew Jeffreys, CEO of Oxford Business Group, welcomed the dialogue and the opportunity to support the Ministry's objectives. 'Our discussion with Her Excellency and her team provided valuable insight into Kuwait's fiscal reform agenda,' he said. 'We look forward to exploring ways to help articulate the Ministry's progress and vision to the international business community.' The engagement forms part of OBG's research for The Report: Kuwait 2025, which will include in-depth analysis of Kuwait's economic trajectory, covering fiscal governance, debt management frameworks, financial sector innovation and public-private partnerships.
Jordan News
a day ago
- Jordan News
Phase Two Begins for Disbursing Scholarships and Loans Worth 3 Million Dinars - Jordan News
Phase Two Begins for Disbursing Scholarships and Loans Worth 3 Million Dinars The Ministry of Higher Education and Scientific Research announced the start of the second phase of disbursing financial entitlements and refunds for students who were nominated for full or partial scholarships or student loans from the Student Support Fund for the 2024–2025 academic year. اضافة اعلان The total amount to be disbursed during this phase is three million Jordanian dinars (JD 3,000,000). Details of Disbursement: Bachelor's Degree Students (Partial Scholarships or Loans – 45 Credit Hours) Students who paid the second semester tuition fees in cash for the academic year 2024–2025 at the following universities: University of Jordan (Aqaba branch) Yarmouk University Mutah University Al al-Bayt University Al-Balqa Applied University (main campus and branches in Amman, Irbid, Ajloun, Ma'an, Princess Alia, Karak, Al-Huson, Aqaba, Zarqa, and Princess Rahma) Tafila Technical University Bachelor's Degree Students (Loans – 45 Credit Hours) Students who paid their second semester tuition fees in cash at the German-Jordanian University. Diploma Students (Partial Scholarships – 45 Credit Hours) Students at the Al-Balqa Applied University and Tafila Technical University, who paid the second semester fees in cash at the campuses listed above. Payment Method: Students can receive their financial entitlements starting Sunday, August 3, 2025, from branches of Cairo Amman Bank using either: Their university ID card, or Their civil ID (national ID card). The ministry also noted that further announcements will be made regarding additional disbursements as related procedures are completed.
