Latest news with #HamdiTabbaa
Zawya
28-05-2025
- Business
- Zawya
Jordanian-Turkish Business Council highlights need to bolster trade, investment ties
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa on Tuesday underscored the importance of enhancing economic and investment ties between Jordan and Turkey. Tabbaa made his remarks during the Jordanian-Turkish Business Council meeting that was organised in cooperation with the Foreign Economic Relations Board of Turkey (DEIK), the Jordan News Agency, Petra, reported. He stressed the need to expand trade cooperation and activate the role of the council in supporting the private sector and promoting mutual investments. The JBA president noted that trade exchange between the two countries in 2024 reached about $1 billion, with Jordanian imports from Turkey totalling about $815 million. Exports to Turkey stood at $106 million, 12 per cent of the total trade volume, he noted, calling for redressing this imbalance by enhancing Jordanian exports to the Turkish market. Tabbaa urged Turkish business leaders to explore investment opportunities in Jordan and intensify coordination and engagement between the two countries' private sectors. He highlighted Jordan's ongoing implementation of major projects under the Economic Modernisation Vision (EMV), offering opportunities in key sectors such as ICT, logistics, tourism, industry, agriculture, healthcare, energy and mining, in addition to public-private partnership ventures. Levent Birant, the Turkish head of the council, emphasised the 'strong' economic and trade ties between Jordan and Turkey and reaffirmed the council's commitment to sustaining "activation" of the joint free trade agreement. He called for building on existing cooperation to boost business relations between Amman and Ankara. Yusri Tahboub, the Jordanian head of the council, highlighted efforts to reactivate the FTA with Turkey to align with Jordan's economic openness goals. Tahboub said that the council is focused on enhancing investment incentives and fostering the exchange of opportunities in priority sectors, especially industry, medical tourism, energy and mining. President of the Turkish-Jordanian Businessmen Association Salim Dada said that the association was established two years ago to boost economic ties and strategic cooperation between the business communities of both countries. He emphasised Jordan's position as a "promising" investment hub in the region due to its strategic location, political stability, skilled workforce and opportunities in renewable energy, tourism, ICT, pharmaceuticals, manufacturing and logistics. He added that Jordan's competitive advantages and favourable business environment bolstered by free trade agreements with the US, the European Union, Canada and several Arab and Asian countries make it a "gateway" to markets in Iraq and the Gulf. Dada also highlighted Jordan's "investor-friendly" legal framework, which ensures "equal" treatment for local and foreign investors and promotes innovation and entrepreneurship. For his part, Turkish Ambassador to Jordan Yakup Caymazoglu announced that meetings of the Jordanian-Turkish Joint Economic Committee will convene in Amman this October, opening further avenues for cooperation and addressing challenges facing businesspeople. Caymazoglu noted that both countries and the region face "shared" challenges due to rising costs stemming from developments in the Gaza Strip and the West Bank, as well as internal issues in Syria and Iraq. He stressed that these circumstances also present new opportunities for cooperation, particularly given the political alignment between Jordan and Turkey. Caymazoglu pointed to recent "positive" developments, including the lifting of the US and European sanctions on Syria, which could pave the way for joint Jordanian-Turkish ventures targeting Syrian and regional markets. He expressed optimism about forming a "strong" economic partnership, citing Jordan's industrial capacity, strategic investment zones, and customs advantages that support export access to markets in the US and Canada. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
15-05-2025
- Business
- Zawya
JBA, Avedissian discuss establishment of Jordanian-Cypriot Business Council
AMMAN — Chairman of the Jordanian Businessmen Association (JBA), Hamdi Tabbaa, on Wednesday discussed with Cyprus Ambassador to Jordan, Sevag Avedissian, the establishment of a Jordanian-Cypriot Business Council to enhance opportunities for economic cooperation. In a JBA statement, Tabbaa emphasised the deep-rooted, strategic bilateral relations, noting the association's keenness to enhance economic, trade and investment cooperation to achieve the "greatest possible" benefits. He said this prospect emerges, given the opportunity to explore various aspects of mutual partnership that would stimulate growth, enhance trade and provide new investment opportunities, the Jordan News Agency, Petra, reported. Tabbaa stated investment projects in the Kingdom enjoy "significant" privileges for investors and cover numerous economic sectors, making them "effective" contributors to achieve goals of the Economic Modernisation Vision (EMV). He also called for intensifying meetings and exchanging "promising" investment opportunities among the two countries' businesspeople and the private sector. To boost economic collaboration, Tabbaa stressed the importance of developing trade exchange mechanisms and mutual regulatory legislation to contribute to increase volume of trade exchange and joint investments. The Cyprus ambassador welcomed establishment of the joint council, which would contribute to strengthening the Jordanian-Cypriot business people's economic, trade and investment ties and support the two countries' private sector cooperation. The diplomat noted Jordan has "promising" investment opportunities in numerous economic sectors, mainly in the pharmaceutical, food, real estate, contracting and information technology sectors. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
14-05-2025
- Business
- Jordan Times
JBA, Avedissian discuss establishment of Jordanian-Cypriot Business Council
Chairman of the Jordanian Businessmen Association Hamdi Tabbaa and Cyprus Ambassador to Jordan Sevag Avedissian discuss establishment of a Jordanian-Cypriot Business Council to enhance cooperation (Petra photo) AMMAN — Chairman of the Jordanian Businessmen Association (JBA), Hamdi Tabbaa, on Wednesday discussed with Cyprus Ambassador to Jordan, Sevag Avedissian, the establishment of a Jordanian-Cypriot Business Council to enhance opportunities for economic cooperation. In a JBA statement, Tabbaa emphasised the deep-rooted, strategic bilateral relations, noting the association's keenness to enhance economic, trade and investment cooperation to achieve the "greatest possible" benefits. He said this prospect emerges, given the opportunity to explore various aspects of mutual partnership that would stimulate growth, enhance trade and provide new investment opportunities, the Jordan News Agency, Petra, reported. Tabbaa stated investment projects in the Kingdom enjoy "significant" privileges for investors and cover numerous economic sectors, making them "effective" contributors to achieve goals of the Economic Modernisation Vision (EMV). He also called for intensifying meetings and exchanging "promising" investment opportunities among the two countries' businesspeople and the private sector. To boost economic collaboration, Tabbaa stressed the importance of developing trade exchange mechanisms and mutual regulatory legislation to contribute to increase volume of trade exchange and joint investments. The Cyprus ambassador welcomed establishment of the joint council, which would contribute to strengthening the Jordanian-Cypriot business people's economic, trade and investment ties and support the two countries' private sector cooperation. The diplomat noted Jordan has "promising" investment opportunities in numerous economic sectors, mainly in the pharmaceutical, food, real estate, contracting and information technology sectors.
Jordan Times
14-04-2025
- Business
- Jordan Times
NAMIC approves JD4m capital increase, plans expansion to JD40m
The National Arab Mining and Transformation Industries Company on Monday approves the first phase of a capital increase amounting to JD4 million (Photo Courtesy of NAMIC) AMMAN — The Board of Directors of the National Arab Mining and Transformation Industries Company (NAMIC) on Monday approved the first phase of a capital increase amounting to JD4 million. The company said that shareholders and board members, during an extraordinary meeting, agreed to increase the company's capital in two phases, the Jordan News Agency, Petra, reported. The first phase, limited to current founding shareholders, will raise the capital to JD5.4 million over a two-month period. The second phase, set to commence immediately after the first, will increase the capital to JD40 million an additional JD34.6 million through a private subscription that includes both existing and new shareholders. The meeting was chaired by JBA President Hamdi Tabbaa and attended by CEO Ayman Ayyash and all board members. NAMIC is a 'pioneering' initiative established by Jordanian and Arab business leaders to contribute to the implementation of the Kingdom's Economic Modernisation Vision, with a particular focus on advancing the mining sector and transformation industries.
Zawya
25-03-2025
- Business
- Zawya
Key meeting in Amman to boost economic ties between Jordan, Turkey
AMMAN: President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa, Turkish Commercial Attaché in Amman Mehmet Ural and Vice President of the Jordanian-Turkish Business Council Turker Karahasan on Monday discussed strategies to reactivate the joint business council, which was founded in 1994. The JBA said that the two sides plan to convene a council meeting in Amman later this year to explore ways to improve economic, trade, and investment relations between the two nations, the Jordan News Agency, Petra, reported. Tabbaa highlighted the importance of the council, which connects the JBA with the Turkish Foreign Economic Relations Board, noting its effectiveness in fostering communication between the business communities of both countries. He added that the council has played a "significant" role in identifying investment opportunities and boosting economic collaborations. The meeting, which was also attended by JBA board member Yosri Tahboub and General Manager Tariq Hijazi, emphasised the need to boost trade and investment exchanges between Jordan and Turkey to generate mutual economic benefits. Ural stressed the importance of the council in advancing economic relations, highlighting the vast potential for trade and investment cooperation. He highlighted the importance of enhancing its activities, organising business delegations, and sharing expertise between the private sectors of both countries. Karahasan reiterated the council's role in fostering business communication and underscored the need to increase its efforts to further support economic relations, expand trade, and create investment opportunities. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
