Latest news with #JD3.68
Ammon
4 days ago
- Business
- Ammon
17,3 bounced checks in July, worth JD109 million
Ammon News - The value of bounced checks decreased to JD109 million in July, compared to JD113 million in June, representing 2.97% of the total value of checks in circulation. A statistics from the Jordan Payments and Clearing Company (JoPAC), which Ammon has reviewed, showed that the total number of bounced checks in July reached 17,300, of which 65.2% were returned for financial reasons, worth JD74.4 million, and 34.8% were returned for technical reasons, worth JD34.9 million. The number of checks in circulation decreased by 2.1% in July, to 551,000, compared to 562,000 in June. The total value of checks in circulation in Jordan last month reached JD3.68 billion, a 9.8% increase compared to June. The value of checks circulating in Jordan during the past seven months of this year reached JD23.26 billion. It is noteworthy that the number of checks in circulation in Jordan last year amounted to 6.51 million, with a value of JD40.3 billion.
Jordan Times
23-02-2025
- Business
- Jordan Times
Jordanian-Saudi trade exchange reaches JD15.3 billion in five years --ACC
AMMAN — Jordan and Saudi Arabia's trade exchanges over the past five years (2019–2023) have reached JD15.3 billion, according to Amman Chamber of Commerce (ACC). Jordan's exports to Saudi Arabia, during 2019–2023, totaled JD3.68 billion, while imports reached JD11.6 billion, the Jordan News Agency, Petra, reported, citing data from ACC. Jordanian exports to Saudi Arabia rose in the first 11 months of 2024 to JD1.03 billion, compared to JD910 million for the same period in 2023. Jordan's imports from Saudi Arabia in the same period amounted to JD2.7 billion, up from JD2.3 billion in 2023. Jordan's primary imports from Saudi Arabia include mineral products such as petroleum oils, chemical industry products, and food industry products, including sugar and sugar-based goods, Petra said. Meanwhile, Jordan's main exports to Saudi Arabia include chemical industry products such as pharmaceuticals, live animals including sheep, fresh and processed vegetables and fruits, and base metals and their products, including iron-based goods. According to the International Trade Center's (ITC) Export Potential Map, there is a 43 per cent untapped export opportunity from Jordan to Saudi Arabia. The most significant export gap is in live sheep, valued at $206 million, followed by bromides and bromine oxides from the chemical industry, with an export gap of $39 million, and antibiotic-containing pharmaceuticals, with a $8 million export gap, reflecting the potential to boost pharmaceutical exports to Saudi Arabia. The Jordan Chamber of Commerce will host the Jordan-Saudi Business Forum on Monday in Amman, in cooperation with the Federation of Saudi Chambers and the Saudi Export Development Authority. The forum aims to expand economic relations and foster new partnerships between the two nations, bringing together business owners, investors, and companies from both countries across various service and trade sectors. It will feature multiple activities and B2B meetings, according to Petra. On the same day, the Saudi-Jordanian Business Council will convene to push forward trade and investment relations, building on past achievements.
