Jordan: $112.6mln exports of Irbid Chamber of Industry in May
According to the Chamber's report, the number of certificates of origin issued by the Chamber last month reached 1,386, compared with 1,440 certificates for the same period last year, the Jordan News Agency, Petra, reported.
The report pointed out that the knitting and leather sector maintained the first place in the export sectors with a value of $101.961 million, followed by supplies, food and agricultural materials with a value of $4.299 million, then chemical and cosmetics industries with a value of $2.732 million
At last come therapeutic industries and medical supplies with a value of $2.490 million, and the rest of the exports were distributed in the sectors of plastic and rubber industries, construction industries, packaging industry, paper, cardboard and office supplies, and engineering and electrical industries.
Al Hassan Industrial Estate (HIE) accounted for the majority of exports, accounting for about 95 per cent, followed by Cyber City with more than 4 per cent of total exports.
President of the ICI Hani Abu Hassan, said that the growth witnessed by the total values of certificates of origin issued by the ICI in May is the net result of a growth in the exports of four main sectors, led by the leather and knitting industries sector.
He added that the exports of the ICI in accordance with the Arab agreement decreased by 15.4 per cent on a monthly basis for the month of May to reach about $7.2 million, compared with $8.4 million during May 2024.
Abu Hassan explained that exports to the European and the US agreements grew and exceeded 33.6 per cent and 27.4 per cent, respectively, on a monthly basis for May, noting that the exports of the ICI in accordance with the trade agreements amounted to 81.2 per cent of total exports.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
27 minutes ago
- Zawya
Bitcoin MENA 2025 reaffirms Abu Dhabi as global hub for digital asset innovation: ADNEC's Al Dhaheri
Mubasher: Bitcoin MENA will take place at the ADNEC Centre Abu Dhabi on 8-9 December 2025, marking a premier event for Bitcoin and cryptocurrency innovation in the Middle East, according to a press release. The two-day event is co-organized by ADNEC Group and BTC Media, aiming to showcase influential speakers, interactive workshops, and a dynamic exhibition. Managing Director and Group CEO of ADNEC, Humaid Al Dhaheri, said: 'The return of Bitcoin MENA reaffirms Abu Dhabi's emergence as a global hub for digital asset innovation and thought leadership.' Al Dhaheri added: 'Looking ahead to 2025, we are excited to collaborate with BTC Inc. to further elevate the platform, uniting international leaders and the region's dynamic ecosystem for an even more impactful event.' Meanwhile, the event is set to welcome renowned industry leader Michael Saylor, Co-Founder and Executive Chairman of Strategy, the company formerly known as MicroStrategy, as a keynote speaker. Saylor will share insights on the future of cryptocurrencies as part of the event's goal of boosting it as one of the region's premier events dedicated to the future of finance. Chief of Staff at BTC, Brandon Green, said: 'We are excited to combine the man pioneering capital market Bitcoin adoption with one of the most forward-looking economies in the world, in what will sure to be a historic keynote.' Bitcoin MENA has made its debut in 2024, cementing itself as a serious stop on the global Bitcoin calendar. The 2025 edition builds on that momentum, bringing the global Bitcoin conversation back to the heart of the Middle East. In addition, Abu Dhabi is emerging as a key hub for energy, finance, and digital infrastructure.
Zawya
27 minutes ago
- Zawya
GULFNAV reports Q2 2025 financial results
Dubai, UAE: Gulf Navigation Holding PJSC ('GULFNAV') the Dubai Financial Market listed maritime and shipping company, announced its unaudited financial results for the first quarter ended June 30, 2025, delivering robust revenue growth, stronger margins, and a return to profitability. The strong second-quarter results were driven by higher vessel chartering activity, improved fleet utilization, and continued cost discipline. Key Highlights for Q2 2025: Revenue: AED 28.5 million, up 110% from AED 13.6 million in Q2 2024. Gross Profit: AED 6.2 million, compared to a gross loss of AED 12.5 million in Q2 2024 (positive turnaround of AED 18.7 million). Net Profit: AED 7.4 million, compared to a net loss of AED 13.2 million in the same period last year (improvement of AED 20.6 million). Direct Costs: AED 22.3 million, down 22% from AED 28.6 million. Cash & Bank Balances: AED 24.4 million, up from AED 5.2 million at year-end 2024. Direct Costs: AED 43.5 million, down 19% from AED 53.6 million in Q2 2024. Commenting on the results, Board Member & CEO Ahmad Kilani stated: " The company has experienced strong revenue growth, a notable improvement in margins, and a return to profitability, reflecting the resilience of our core operations and the strength of our business model. Our unwavering focus on enhancing fleet efficiency, disciplined financial management, and operational performance is now delivering tangible results. In addition, the strategic acquisition of Borouj Energy Limited's assets will mark a milestone in our transformation journey, strengthening our competitive capabilities and future growth prospects. We are confident in our ability to build on this momentum in the second half of the year and remain committed to creating sustainable long-term value for our shareholders." About Gulf Navigation Holding: Gulf Navigation Holding PJSC ('GULFNAV') is a fully integrated and synergized organization with a multifunctional business. It is the only maritime and shipping company listed in the Dubai Financial Market since February 2007 under the symbol 'GULFNAV'. The Company is headquartered in Dubai, with branch offices inside the ports of Fujairah and Khorfakkan, along with an overseas office in the Kingdom of Saudi Arabia. The Company has a fleet of chemical tankers, livestock transport vessels, well stimulation vessels, operation support vessels, marine services, and ship repair operations. As an ISO 9001:2015 certified company accredited by Bureau Veritas, GULFNAV is committed to adhering to the requirements of the international safety management code for the safe operations of vessels, pollution prevention and environmental control, including compliance with all the applicable international laws, regulations and requirements. GULFNAV constantly works to upgrade its operations and provide high-quality services to local and international markets. For media inquiries, please contact: Nader Muqbel Director of Corporate Communications & Investor Relations Tel: +971 56 778 0799 E-mail:
Zawya
27 minutes ago
- Zawya
GIB reports strong first half, net profit up 8%
MANAMA: Gulf International Bank (GIB), a pan GCC universal bank, reported that its net profit attributable to shareholders soared to $44.2 million in the second quarter of 2025, marking an 8% increase from $41 million during the same period last year. This strong performance was strategically powered by diversifying income sources and reducing reliance on net interest income, achieved through offering value-added, differentiated products and services across the bank's business lines. The bank recorded a notable rise in non-interest income, reaching $58.7 million compared to $34.3 million, reflecting a healthy increase of 71%. Operating expenses were managed at $113.2 million, showing a slight rise of 4%. Provisions for the quarter amounted to $18.6 million, up from $1.2 million in Q2 2024, with remarkable revenue growth, containment of expenses, and prudent provisioning all together contributing to the rise in consolidated profit of $52.6 million for the group, up 10% from $48 million in the same period last year. Basic and diluted earnings per share for shareholders rose to $2.21 cents, compared to $2.05 cents per share in the same period last year. Total comprehensive income attributable to shareholders increased by 3% to $40.4 million, up from $39.3 million in the previous year. In the first half of 2025, net profit attributable to shareholders of the bank grew by 4% to $92.2 million compared to $88.5 million in the prior year. Net income for the first half reached $112.6 million, a 6% increase from$106.3 million in the previous period. Non-interest income for the first half reached $112.2 million compared to $90.3 million, reflecting an increase of 24%. This growth was driven mainly by foreign exchange income, net trading income and asset recoveries from previously written-off customers. This performance highlights the Bank's progress in executing its strategy to diversify income sources and enhance cross-selling activities. The bank maintained operational efficiency, with a controlled rise in operating expenses of 5% to $222 million, representing measured growth while focusing on strategic initiatives. Basic and diluted earnings per share attributable to shareholders reached $4.61 cents, compared to $4.43 cents per share in the prior period. Total comprehensive income attributable to shareholders stood at $89.8 million, up 6% from $84.5 million in the previous year. Total shareholders' equity, excluding minority interest, rose by 4% to $2.6 billion from $2.5 billion in December 2024, including reserves and retained earnings of $565.3 million, which account for 28% of capital. Total consolidated assets at the end of the first half stood at $49.2 billion, compared to $42.9 billion, reflecting a 15% increase since December 2024. This growth was driven by a rise in transitory client deposits linked to the Group's cash management and payment services in the UK, which are held with central banks, other banks, and short-term securities. Cash and liquid assets, including short-term placements, reached $21.3 billion, representing 43% of total assets, compared to 40% in December 2024. Investment securities amounting to $9.5 billion were primarily composed of highly rated and liquid debt securities issued by major financial institutions and regional government-related entities. Loans and advances rose by 5% to $16.1 billion, aligning with the Bank's strategy to originate, underwrite, and distribute. GIB continued to leverage its strong funding profile in the first half of 2025, with customer deposits reaching $33.8 billion. The bank's solid funding position reflects the confidence of its customers and counterparties, bolstered by its strong ownership and financial stability. The liquidity coverage ratio of 131.1%, net stable funding ratio of 138.7%, and Basel 3 total capital adequacy ratio of 14.8% are all well above the regulatory requirements, it said.
