Jordanians spend $1.2 billion on tourism abroad in 7 months
Also, the data showed that July saw a 7.0% increase, reaching $247.4 million.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Ammon
36 minutes ago
- Ammon
Bitcoin hits record high above $124,000
Ammon News - Bitcoin hit a record high on Thursday as increasing expectations for easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms. The world's largest crypto-asset by market capitalisation climbed as much as 0.9% to $124,002.49 in early Asia trading, surpassing its previous peak hit in July. On the day, the second largest crypto-token ether hit $4,780.04, the highest level since late 2021. Bitcoin's rally is being powered by increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto assets, said IG market analyst Tony Sycamore. "Technically a sustained break above $125k could propel BTC to $150,000," he wrote in a note. Bitcoin has risen nearly 32% so far in 2025 on the back of long-sought regulatory wins for the sector following President Donald Trump's return to the White House. Trump has called himself the "crypto president" and his family has made a series of forays into the sector over the past year. Reuters
Ammon
36 minutes ago
- Ammon
Heatwave drives surge in demand for affordable air conditioners
Ammon News - Demand for air conditioners, particularly lower-priced models, has risen sharply in the Kingdom due to the recent heatwave, fueled by intense competition among retailers that has significantly driven down prices, according to Hatem Al-Zoubi, representative of the electrical appliances and electronics sector at the Jordan Chamber of Commerce. Al-Zoubi said that sales over the past week increased by 25–30 percent compared to earlier weeks this summer, giving a noticeable boost to retail market activity. He noted that many retailers have seen strong turnover in their inventories, while air conditioners remain widely available in the local market. However, Al-Zoubi pointed out that the sector has been grappling with a "severe" downturn since the COVID-19 pandemic, as declining consumer purchasing power has weighed heavily on sales, which in some cases have dropped by 40–50 percent this year.
Ammon
an hour ago
- Ammon
Domestic revenues rise to JD4.669 billion in H1-2025
Ammon News - Domestic revenues grew by about JD164.7 million in the first half of 2025, totaling JD4.669 billion, up from JD4.504 billion in the same period of 2024. By the end of June 2025, public debt reached approximately JD35.3 billion, representing 90.9% of the gross domestic product, compared to 92.7% in May. This came as a result of the Ministry of Finance's redemption of $1 billion in Eurobonds due in June by obtaining $1 billion in soft loans in March and April at a competitive interest rate of 4.8%, without resorting to issuing new Eurobonds, the interest rates of which could reach approximately 9% in these exceptional circumstances facing the world and the region.
