Latest news with #AliMurad
Jordan Times
04-05-2025
- Business
- Jordan Times
Jordanian economic delegation to visit Spain next Monday — JEBA
By JT - May 03,2025 - Last updated at May 03,2025 AMMAN — A Jordanian economic delegation is scheduled to begin a visit to Spain on Monday, aimed to enhance economic cooperation. The step also seeks to expand prospects for joint work among the two countries' private sectors in several strategic sectors, the Jordan News Agency, Petra, reported. The three-day visit is organised by Jordan Europe Business Association (JEBA) in cooperation with the commerce chambers of Spain and Madrid, with the support of the Spanish embassy in Amman. The delegation is comprised of a group of representatives of major Jordanian companies operating in vital sectors, mainly tourism, health, renewable energy, environmental and water technologies, food industries, agriculture, and mining. The delegates, headed by JEBA Chairman Ali Murad, seek to strengthen Jordanian-Spanish economic cooperation by holding a series of business meetings and organising specialised events at Madrid Chamber of Commerce to build a new network of relations and explore cooperation opportunities in priority areas. Murad noted that the visit represents a "practical" step to enhance the Jordanian economy's "openness" to European markets. Murad pointed out that Spain is an "important" gateway to the European market, adding that cooperation with Madrid at this stage holds "remarkable" potential for the Jordanian private sector, especially amid global trends to a achieve a green economy and innovation in the agricultural and tourism sectors. Murad said that the delegation is set to make field trips and meet with Spanish economic and commercial institutions, aimed to exchange expertise and learn about "successful" models in various fields. The chairman said that JEBA is "keen" to enable Jordanian companies to access new markets and enhance their "competitiveness" in the international market. Jordanian national exports to Spain in 2024 amounted to JD38 million, while the value of imports from Spain during the same period stood at JD238 million, according to foreign trade figures issued by the Department of Statistics.
Zawya
28-04-2025
- Business
- Zawya
EU market 'strong' opportunity to expand, diversify Jordan's exports-JEBA
AMMAN — Chairman of the Jordan-Europe Business Association (JEBA) Ali Murad on Saturday said that Jordan's economic cooperation with European Union countries constitutes an "important" strategic pillar that enhances growth of the national economy and supports the Kingdom's "sustainable" development. In remarks to the Jordan News Agency, Petra, he noted that the European market represents a "strong" opportunity to expand and diversify the Kingdom's exports, with a focus on value-added industries and modern technologies. On future prospects, Murad indicated that Jordan enjoys "extensive" opportunities to enhance its exports to European Union markets, particularly in the industrial and agricultural sectors. Murad added that the Jordan-EU Comprehensive Strategic Partnership Agreement, which was signed in January, represents a "qualitative" shift in bilateral relations and establishes a "new" phase of economic and development cooperation. The JEBA chairman said that the agreement provides a 3-billion-euro financial aid package for the years 2025-2027, including grants, investments and macroeconomic support, reflecting the EU's commitment to supporting Jordan as a "strategic" partner in the region. Jordanian-EU trade agreements provide duty-free access to most national products, particularly agricultural exports, which have been exempted from duties and quantitative quotas since 2006, with special arrangements for some items, mainly olive oil and strawberries, he pointed out. At the end of January 2025, His Majesty King Abdullah and European Commission President Ursula von Der Leyen attended the signing ceremony of the Jordan-EU Comprehensive Strategic Partnership Agreement in Brussels. To support realising the agreement's objectives, the European Union announced a 3-billion-euro financial aid package for Jordan for the years 2025-2027, including 640 million euros in grants, 1.4 billion euros in investments, and some 1 billion euros in macroeconomic support.
Jordan Times
26-04-2025
- Business
- Jordan Times
EU market 'strong' opportunity to expand, diversify Jordan's exports-JEBA
AMMAN — Chairman of the Jordan-Europe Business Association (JEBA) Ali Murad on Saturday said that Jordan's economic cooperation with European Union countries constitutes an "important" strategic pillar that enhances growth of the national economy and supports the Kingdom's "sustainable" development. In remarks to the Jordan News Agency, Petra, he noted that the European market represents a "strong" opportunity to expand and diversify the Kingdom's exports, with a focus on value-added industries and modern technologies. On future prospects, Murad indicated that Jordan enjoys "extensive" opportunities to enhance its exports to European Union markets, particularly in the industrial and agricultural sectors. Murad added that the Jordan-EU Comprehensive Strategic Partnership Agreement, which was signed in January, represents a "qualitative" shift in bilateral relations and establishes a "new" phase of economic and development cooperation. The JEBA chairman said that the agreement provides a 3-billion-euro financial aid package for the years 2025-2027, including grants, investments and macroeconomic support, reflecting the EU's commitment to supporting Jordan as a "strategic" partner in the region. Jordanian-EU trade agreements provide duty-free access to most national products, particularly agricultural exports, which have been exempted from duties and quantitative quotas since 2006, with special arrangements for some items, mainly olive oil and strawberries, he pointed out. At the end of January 2025, His Majesty King Abdullah and European Commission President Ursula von Der Leyen attended the signing ceremony of the Jordan-EU Comprehensive Strategic Partnership Agreement in Brussels. To support realising the agreement's objectives, the European Union announced a 3-billion-euro financial aid package for Jordan for the years 2025-2027, including 640 million euros in grants, 1.4 billion euros in investments, and some 1 billion euros in macroeconomic support.
Jordan News
26-04-2025
- Business
- Jordan News
JEBA President: The European Market Represents a Strong Opportunity to Expand and Diversify Jordan's Exports
JEBA President: The European Market Represents a Strong Opportunity to Expand and Diversify Jordan's Exports The President of the Jordanian-European Business Association (JEBA), Ali Murad, affirmed that economic cooperation between Jordan and the European Union constitutes a significant strategic pillar that strengthens national economic growth and supports sustainable development in the Kingdom. اضافة اعلان In a press statement, Murad stated that the European market represents a strong opportunity to expand and diversify Jordan's exports, particularly focusing on high value-added industries and modern technologies. He emphasized that Jordan has wide opportunities to boost its exports to European Union markets, especially in industrial and agricultural sectors. He added that the Comprehensive Strategic Partnership Agreement signed between Jordan and the European Union in January marks a significant milestone in bilateral relations and lays the foundation for a new phase of economic and developmental cooperation. Murad pointed out that the agreement includes a financial assistance package worth €3 billion for the years 2025-2027, encompassing grants, investments, and macroeconomic support, reflecting the EU's commitment to supporting Jordan as a strategic partner in the region. He explained that the trade agreements between the two sides allow duty-free access for most Jordanian products, particularly agricultural products, which have been exempt from tariffs and quotas since 2006, with special arrangements for certain products such as olive oil and strawberries. His Majesty King Abdullah II and European Commission President Ursula von der Leyen witnessed the signing of the Comprehensive Strategic Partnership Agreement between Jordan and the EU in Brussels at the end of January this year. To support the goals of the agreement, the EU announced a €3 billion financial assistance package for Jordan for 2025-2027, including €640 million in grants, €1.4 billion in investments, and approximately €1 billion in macroeconomic support. In July of last year, Jordan and the European Union announced their desire to elevate their relationship to a Comprehensive Strategic Partnership, building on the Association Agreement signed in 1997 and in effect since 2002. The trade volume between Jordan and EU countries reached 3.288 billion Jordanian dinars last year, compared to 3.283 billion dinars in 2023. National exports to the EU recorded a 4.4% increase last year, amounting to 427 million dinars compared to 409 million dinars in 2023. Meanwhile, imports from the EU to Jordan slightly declined to 2.861 billion dinars last year from 2.874 billion dinars in 2023. Regarding investment opportunities available to European business owners in Jordan, Murad highlighted the Kingdom's promising opportunities across sectors such as renewable energy, digital transformation, tourism, education, and high value-added industries. He noted that the €3 billion EU support package includes €1.4 billion earmarked for vital development projects in Jordan, thus enhancing the business environment and encouraging European investors to enter the local market. Jordan is actively working to improve its investment climate by simplifying procedures and developing legislation to attract foreign investments. Murad stressed that strengthening Jordanian exports' access to European markets requires diversifying export products, increasing their value-added content, improving quality, and meeting stringent European standards. He also pointed to the need to raise exporters' awareness of European market requirements. Other requirements he mentioned include facilitating export procedures, simplifying preferential rules of origin, enhancing public-private sector cooperation to develop value chains, leveraging existing trade agreements, and working to remove non-tariff barriers. Murad highlighted that the European Parliament's ratification of the €3 billion aid package is a strong indication of the EU's commitment to supporting Jordan in facing economic and developmental challenges, reflecting the international community's appreciation of Jordan's strategic role in the region. He added that the support would also aid Jordan's efforts to achieve sustainable economic growth, create job opportunities, and strengthen stability. The package also enables the financing of vital development projects in education, health, and industry, boosting Jordan's capacity to advance its economy and confront regional challenges. Murad emphasized that the strategic partnership between the two sides reflects a clear and integrated vision for Jordanian-European cooperation and enhances Jordan's position as a regional economic platform and a reliable partner in sustainable development. He noted that the Jordanian-European Business Association (JEBA), established in 1995, includes a wide range of Jordanian businessmen and economic institutions among its members and plays a key role in enhancing economic cooperation between Jordan and the EU. JEBA acts as a bridge between Jordanian and European companies. Murad highlighted JEBA's role in organizing economic forums, trade missions, and joint workshops to showcase investment and trade opportunities in the Kingdom. JEBA also provides technical support and guidance to Jordanian companies to maximize their benefit from agreements with EU countries, while working to expand trade exchanges and strengthen strategic partnerships between the private sectors of both sides. (Petra)
Zawya
17-03-2025
- Business
- Zawya
Jordan: National exports to EU rise by 4.4% in 2024 — DoS
AMMAN: Jordan's national exports to the European Union grew by 4.4 per cent in 2024, reaching JD427 million, compared to JD409 million in 2023, foreign trade data from the Department of Statistics showed on Sunday. Meanwhile, the Kingdom's imports from the EU declined slightly by 0.5 per cent last year to JD2.861 billion, down from JD2.874 billion in 2023, the Jordan News Agency, Petra, reported. As a result, Jordan's trade deficit with the EU narrowed to JD2.434 billion, compared to JD2.465 billion in the previous year. Total trade volume between Jordan and the EU remained relatively stable, reaching JD3.288 billion in 2024, compared to JD3.283 billion in 2023. The Netherlands emerged as the top destination for Jordanian exports within the EU, with shipments rising by 16.5 per cent to JD92 million in 2024, up from JD79 million in 2023. Also, France remained Jordan's largest EU supplier, with imports from the country totaling JD267 million last year, marking a 2.8 per cent decline from JD275 million in 2023. President of the Jordanian-European Business Association (JEBA) Ali Murad described the increase in exports as a "positive" sign of continued trade engagement between Jordan and the EU, despite its "modest" scale. Murad highlighted several strategic measures to sustain and enhance export growth, including diversifying export products beyond their current limited range, particularly in sectors such as pharmaceuticals, apparel, and chemicals. He also stressed the need for stronger support mechanisms for exporters through financial, technical, and logistical assistance to improve competitiveness in European markets. He further noted the importance of simplifying rules of origin, with the EU's relaxed regulations extended until 2030, and strengthening trade links between Jordanian businesses and European buyers through participation in trade fairs and business events. He also underscored the need to leverage new agreements, such as the recently signed Jordan-EU agricultural trade deal, which aims to expand export opportunities. Murad also stressed the importance of providing exporters with accurate information on EU market requirements and attracting more foreign investment to enhance Jordan's export capacity. In January, His Majesty King Abdullah and European Commission President Ursula von der Leyen attended the signing of the Comprehensive Strategic Partnership Agreement between Jordan and the EU in Brussels. The EU announced a 3 billion euros financial assistance package for Jordan for 2025-2027, including 640 million euros in grants, 1.4 billion euros in investments, and 1 billion euros in macroeconomic support. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
