Latest news with #JD3.5
Jordan Times
13-04-2025
- Business
- Jordan Times
Jordan, WFP agreement to provide 'interest-free' loans to farmers, agri-projects — ACC
The Agricultural Credit Corporation says WFP agreement to provide 'interest-free' loans to Jordan's small- and large-scale farmers to confront climate change challenges (JT file) AMMAN — Director-General of the Agricultural Credit Corporation (ACC) Mohammad Dogan said that the ACC agreement signed with the World Food Programme (WFP), which was recently approved by the Council of Ministers, represents a "qualitative" step in supporting Jordan's small- and large-scale farmers to confront climate change challenges. On its goals, Dogan said that this step aims to finance projects that integrate modern agricultural practices that contribute to achieving Jordan's food security and developing production chains, according to the Jordan News Agency, Petra. Dogan added that the agreement, which aims to support and develop climate-resilient agriculture with a total value of JD3.5 million, seeks to enhance resilience of Jordan's farmers by providing modern agricultural practices that take into account "sustainable" agri-development. The director-general said that the agreement mainly targets water-smart and water-saving agricultural activities, as well as crops with 'high' economic returns, primarily saffron cultivation and packaging projects. Under the agreement, financing for two types of projects is secured, he said, adding that individual businesses will receive loans of up to JD10,000, while medium-sized agricultural enterprises' projects will get loans of up to JD70,000 interest-free, as the programme will pay the interest costs. These projects is set to target the governorates of Mafraq, Jerash and Balqa, ensuring that support is directed to the areas, which are the "most vulnerable and most affected "by climate change, he pointed out. Dogan noted that this cooperation would contribute to stimulating expansion of the use of smart agricultural technologies and alleviating the financial burdens on farmers, achieving resource sustainability, enhancing productivity and quality of local agricultural products, and addressing climate change consequences.
Ammon
18-03-2025
- Business
- Ammon
Amman Stock Exchange closes slightly higher
Ammon News - The Amman Stock Exchange (ASE) closed Tuesday's trading session with a slight increase of 0.07 percent, bringing the general index to 2,615 points. Market activity saw the exchange of approximately 1.6 million shares, with a total trading value of JD3.5 million across 1,370 transactions.
Jordan Times
10-03-2025
- Politics
- Jordan Times
King visits Waqf Thareed charity initiative
His Majesty King Abdullah on Monday visits Waqf Thareed, a charitable initiative located next to the Grand Al Husseini Mosque in downtown Amman. Waqf Thareed provides nutritious free meals through distribution centres, in line with the Sunnah, the teachings of Prophet Muhammad, peace be upon him (Photo courtesy of Royal Court) AMMAN — His Majesty King Abdullah on Monday visited Waqf Thareed, a charitable initiative located next to the Grand Al Husseini Mosque in downtown Amman. Waqf Thareed provides nutritious free meals through distribution centres, in line with the Sunnah, the teachings of Prophet Muhammad, peace be upon him. His Majesty was briefed by Waqf Thareed Supervisor HRH Prince Hashim bin Al Hussein on the charitable endowment, according to a Royal Court statement. His Royal Highness, who was accompanied by Their Royal Highnesses Prince Al Hussein bin Hashim and Prince Al Hassan bin Hashim, noted that since last Ramadan, noted that since last Ramadan, Waqf Thareed has distributed more than 319,000 meals in Jordan with the help of over 2,800 volunteers representing various nationalities. Prince Hashim added that Waqf Thareed has provided more than 3.5 million meals to people in Gaza, in cooperation with the Jordan Armed Forces-Arab Army and the Jordan Hashemite Charity Organisation, the statement said. He also noted that Waqf Thareed is officially registered with the Sharia Court and all its activities are subject to monitoring and auditing in accordance with national legislation, and is committed to achieving social justice and distributing meals in line with humanitarian values. Speaking about Waqf Thareed's future projects, Prince Hashim highlighted plans to establish two new distribution centres once the necessary funding, estimated at JD3.5 million for each centre, is secured. He also noted that the initiative has developed partnerships with government and private organisations inside and outside the Kingdom. Funding contributions to date have exceeded JD5.5 million, while cash in addition to in-kind donations exceeded JD11 million. For his part, Chairman of the Board of Trustees of Waqf Thareed Walid Tahabsem briefed His Majesty on the mechanism to distribute the meals. The King then visited the Grand Al Husseini Mosque, and was briefed on the fourth Hashemite reconstruction of the mosque, which His Majesty ordered in 2019 following a fire. His Majesty was briefed by Awqaf Minister Mohammad Khalaileh on the expansion and construction works, which included covering the inner courtyard of the mosque with a glass roof, Islamic geometric decoration of the facades, and safety equipment, while ensuring the preservation of the mosque's heritage and identity. The King joined the worshippers in performing the maghreb prayer at the mosque. His Majesty was accompanied by Royal Hashemite Court Chief Yousef Issawi and Director of the Office of His Majesty Alaa Batayneh. Page 2
