Increased Local Demand for Gold - Jordan News
The decline in the dollar has boosted the appeal of gold for holders of other currencies.
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2.59 Million E-Wallet Users in Jordan and 158% Growth in Transactions - Jordan News
Jordan's digital payments market is witnessing remarkable growth, reflecting a gradual shift towards a more inclusive and sustainable digital economy. According to Visa's data, the number of e-wallet users in the Kingdom reached approximately 2.59 million by the end of 2024, representing a significant portion of the country's population of about 11.5 million. اضافة اعلان These figures highlight the increasing adoption of financial technology as a key tool in the daily lives of both citizens and residents, according to Mario Makary, Vice President and Levant Area Manager at Visa, in an interview with Al-Ghad. Transactions through digital wallets recorded a record growth of 158% during the same year, the highest growth rate among all mobile payment services in Jordan. This surge reflects the accelerated shift in consumer behavior toward cashless payment solutions, particularly with the availability of secure, fast, and user-friendly services. This growth is also supported by the widespread use of mobile phones, which reached a penetration rate of 82.3% of the population at the beginning of 2025. This makes the Kingdom a fertile environment for the adoption of smart wallets such as Google Wallet, which has been expanding through strategic partnerships between global companies like Visa and Google, and official entities such as the Central Bank of Jordan. These developments align with the National E-Payments Strategy, which is part of the Jordanian government's plan to achieve comprehensive digital transformation, drive financial inclusion, and reduce reliance on cash. The Economic Modernization Program (2023–2025) aims to create an enabling digital environment that supports innovation in the fintech sector and attracts both local and international investments. In addition, regulatory authorities are working to strengthen trust in digital payments through legal and regulatory frameworks, such as the Digital Assets Transactions Regulation Law. This enhances Jordan's ability to keep pace with global financial advancements and provides a safe environment for the expansion of e-wallet services within the Kingdom.
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Burgan Bank Honors Kuwait's Top-Ranking Graduates - Class of 2025 in Collaboration with the Ministry of Education
Stemming from its firm belief in the importance of education as a core pillar of community building and sustainable development, Burgan Bank, in cooperation with the Ministry of Education, organized a special ceremony for honoring the nationwide top-achieving graduates 2025 in Kuwait, in recognition of their academic achievement and outstanding performance in both the science and arts sections and the special education schools affiliated with the Ministry. The ceremony was attended by Ms. Maryam Al-Enezi, Assistant Undersecretary for Educational Development and Activities at the Ministry of Education, alongside Mr. Fadel Abdullah, Chief Executive Officer – Kuwait at Burgan Bank, Mr. Naqeeb Amin, General Manager – Human Resources and Development for the Group at Burgan Bank, members of the Bank's top management, and the graduates' parents. The event was marked by a joyful atmosphere among the students and their families, in appreciation of the exceptional efforts they made during the 2025 academic year, which culminated in their excellence. The ceremony began with a welcoming speech by Mr. Fadel Abdullah, Ms. Maryam Al-Enezi, and Mr. Naqeeb Amin, followed by the official honoring of students who received symbolic trophies, and commemorative gifts. The students also contributed a few heartfelt words expressing their ambitions and future plans, amidst the encouragement and joy of the attendees for this achievement and excellence. Honoring Top Achievers and Outstanding Performers In a celebratory ceremony, the Bank recognized exceptional students from the science and arts departments, as well as high-achieving children of Burgan Bank employees. This meaningful gesture reflects the Bank's steadfast commitment, as a certified Great Place to Work®, to fostering a culture of recognition, inclusion, and appreciation. It also highlights its appreciation for its people and reinforces its aspiration to be an employer of choice—one that celebrates the accomplishments of its extended family and values the contributions of employees in shaping a knowledgeable and empowered generation. Further underscoring its commitment to its sustainability pillars and its dedication to supporting all youth without exception, the Bank honored the top-achieving students from the special education schools affiliated with the Ministry who have overcome personal and academic challenges to achieve excellence. Additionally, as part of Burgan Bank's vision and strategy to enhance employee competencies and invest in human capital, a select group of dedicated employees were honored at the ceremony for receiving their master's degree under the umbrella of the Kafa'a program and bachelor's degree as part of the Burgan Cares program, in recognition of their dedication to professional development. On this occasion, Mr. Fadel Abdullah congratulated the outstanding students on the impressive results they achieved during their academic year, expressing the Bank's pride in this achievement, which stands as the fruit of years of hard work and perseverance to bring honor to Kuwait. For her part, Ms. Al-Enezi, expressed the Ministry of Education's pride in this fruitful cooperation with Burgan Bank, emphasizing that the partnership between the public and private sectors sets an example for serving the community and advancing the education sector. She said: 'We thank Burgan Bank for organizing this wonderful ceremony for our top-achieving students in Kuwait. The support of Kuwaiti banking institutions for outstanding students reflects a sense of national responsibility and fosters an environment for excellence and progress. It also serves as a strong incentive for other students to follow in their footsteps. We appreciate this role, which supports and complements our efforts to establish a stimulating and productive educational environment.' Meanwhile, during his speech Mr. Naqeeb Amin stated: 'This honoring ceremony comes as an extension of the Bank's unwavering efforts to support education as a fundamental pillar for building prosperous societies,' noting that Burgan Bank, through its corporate social responsibility (CSR) and sustainability strategy, is committed to launching a wide range of initiatives that aim to enable youth in achieving their ambitions as well as contribute to preparing a distinguished generation capable of leading the future within various fields. He added: 'We also believe that empowering youth energies is a true investment in Kuwait's future. Through our effective partnerships with the government sector, we strive to support national development objectives and promote a culture of excellence and innovation among students.' Social Responsibility and Sustainability Principles Mr. Naqeeb Amin emphasized that this initiative falls within the Bank's social responsibility program and sustainability principles, empowering young national cadres, and supporting the education sector in line with the New Kuwait Vision 2035. He emphasized that top-achieving students are a national asset that must be invested in and provided with all necessary support and attention to prepare a cultured and promising generation for Kuwait's future. Throughout the year, the Bank welcomes school and university students as part of its professional training programs presented by a select group of the Bank's employees, designed to prepare young talents and help them understand the job market requirements they need to prepare for before graduating, enhancing their chances of employment as fresh graduates, which Mr. Naqeeb described as a national and social duty and a true investment in the future generation. Training the Top-Achievers As an extension of Burgan Bank's appreciation for the efforts of outstanding students and its commitment to empowering them with future skills, the Bank announced during the ceremony that it will organize an educational workshop dedicated to the honorees in cooperation with Coded Academy. The workshop, aims to focus on AI & coding, as well as motivating the younger generation to explore modern educational and technical opportunities that qualify them to enter various industries in the job market, including the banking industry. The workshop will also include awareness session about 'Let's Be Aware' (Diraya) campaign to foster a sound banking culture and financial awareness among students, as part of the Bank's commitment to supporting digital education, financial literacy, and developing future skills among Kuwaiti youth. In conclusion, everyone expressed their pride in the top-achieving students and wished them continued success in their academic and university journeys. Furthermore, Burgan Bank affirmed its ongoing commitment to adopting and supporting initiatives and partnerships that empower students and youth, while also emphasizing its steadfast investment in what contributes to the development of the education sector and the advancement of society in line with Kuwait Vision 2035.
Jordan News
a day ago
- Jordan News
21-Carat Gold Priced at 68 Dinars Locally - Jordan News
21-Carat Gold Priced at 68 Dinars Locally The selling price of 21-carat gold—the most sought after by citizens in the local market—reached 68 dinars per gram on Saturday at jewelry shops, while the buying price stood at 65.80 dinars. اضافة اعلان The buying prices for other gold purities at jewelry shops were as follows: 24-carat: 78 dinars per gram 18-carat: 60.40 dinars per gram 14-carat: 45.90 dinars per gram According to Rabhi Allan, President of the General Syndicate of Owners of Jewelry and Goldsmith Shops, the price of the 7-gram Rashadi gold coin was 477 dinars, while the 8-gram English gold coin was priced at 545 dinars. Allan noted that demand for gold in the local market has improved since the beginning of last week, coinciding with the start of the wedding season. He expects demand to rise even further in the coming days. Speaking to the Jordan News Agency (Petra), Allan added that the yellow metal closed global weekly trading on Friday at $3,350 per ounce. Petra
