Latest news with #JD30
Zawya
22-04-2025
- Business
- Zawya
Jordan explores trade opportunities at Pakistan's HEMS 2025
AMMAN — A Jordanian trade delegation on Sunday participated in the HEMS 2025 exhibition at the Expo Centre in Lahore, Pakistan, which is organised by Trade Development Authority of Pakistan, bringing together businesses from various sectors and countries. Leading the delegation, Vice Chairman of the Amman Chamber of Commerce (ACC) Nabil Khatib stressed the importance of Jordan's ongoing participation in international trade fairs and economic events, the Jordan News Agency, Petra, reported. He noted that such engagements are "key" to boosting commercial ties, expanding market access, and creating "new" business opportunities for Jordanian exporters and importers. The Jordanian delegation includes representatives from companies active in construction, sanitary ware, electrical appliances, building materials, and agribusiness. Khatib described the event as a 'valuable platform' for connecting with business leaders and investors from Pakistan and beyond. The exhibition offers a chance to exchange knowledge, explore joint ventures, and identify potential areas for trade and investment collaboration, particularly in sectors like healthcare, engineering and metal industries. He added that the expo is a 'prime' opportunity to stay up to date with industry trends and innovations, while also paving the way for 'stronger' partnerships between Jordanian and Pakistani businesses. The exhibition showcases a "wide" array of products, from agricultural machinery and marble to electrical appliances, building supplies, handicrafts, pharmaceutical products and more. As part of their visit, the Jordanian delegates also travelled to Sialkot, where they met with members of the local chamber of commerce and industry. Discussions focused on signing a memorandum of understanding to lay the groundwork for future cooperation. The agreement aims to facilitate information exchange, co-host economic events, and support efforts to boost Jordanian products in the Pakistani market, while fostering mutual investment opportunities. According to official figures, Jordan's exports to Pakistan reached around JD7 million in 2024, compared to JD30 million in imports, Petra said.
Jordan Times
20-04-2025
- Business
- Jordan Times
Prime minister commends APC's JD30m commitment to social development
Prime Minister Jafar Hassan on Sunday meets with Chairman of the Arab Potash Company (APC) Shehada Abu Hdeib and CEO Maen Nsour. The prime minister commends the mega mining company's allocation of JD30 million over the next three years to support the education and health sectors, as part of its Corporate Social Responsibility programme (Prime Ministry photo) AMMAN — Prime Minister Jafar Hassan on Sunday commended the Arab Potash Company (APC) for allocating JD30 million over the next three years to support the education and health sectors, as part of its Corporate Social Responsibility (CSR) programme. During a meeting with APC Chairman Shehada Abu Hdeib, Hassan underscored the importance of such private sector contributions in complementing government efforts to improve vital public services. He noted that CSR contributions targeting education and health have reached nearly JD170 million over the past two months alone, according to a Prime Ministry statement. Hassan said that this latest commitment builds on the company's longstanding support for development and charitable initiatives across local communities. The prime minister also highlighted key commitments made in recent weeks, including JD90 million from the Association of Banks in Jordan over three years, JD40 million from the Jordan Phosphate Mines Company, and pledges by the Jordan Petroleum Refinery Company and Jordan Free Zones Company to dedicate 5 per cent of their annual profits to CSR. Hassan stressed the need to institutionalise CSR as a long-term development strategy that remains consistent regardless of changes in government or corporate leadership. He also stressed that specific projects to be funded through the CSR initiative will be identified on an annual basis, with the first round to be announced next month. "A dedicated account has been established at the Central Bank to manage these funds, which will be disbursed in coordination with contributing companies as implementation progresses," he added. He also noted that public facilities such as schools and health centres built with private sector support will be clearly marked to promote a culture of giving and strengthen public-private partnerships. Hassan also commended the APC for expanding its investments and enhancing its global competitiveness, pointing to a recent expansion agreement valued at over $800 million with the American company Palmarl. Abu Hdeib reiterated the company's commitment to national development, saying the JD30 million pledge reflects its dedication to supporting government-led initiatives and formalising CSR as a cornerstone of sustainable growth. 'Comprehensive development is not possible without real investment in people,' Abu Hdeib said, noting that the new initiative strengthens the partnership between the public and private sectors. He added that the new commitment will not affect the company's existing CSR programmes, which have collectively contributed more than JD66 million over the past five years. He also said that APC views itself as a national institution equally committed to profitability and meaningful, long-term service to Jordan and its people. Abu Hdeib also presented key projects under APC's 2025–2028 strategy, which focuses on expanding operations, boosting global competitiveness, and exploring new opportunities for one of Jordan's leading industrial companies. The meeting was also attended by Minister of State for Economic Affairs Muhannad Shehadeh and Government Communication Minister Mohammad Momani. The government has been actively encouraging the private sector to adopt a more structured and sustainable approach to CSR, particularly in sectors with high developmental and operational impact, with a focus on underserved governorates. Page 2
Zawya
05-03-2025
- Business
- Zawya
Jordan: Cabinet approves key legislative, infrastructure initiatives to boost economic development
AMMAN: The Cabinet on Tuesday, during a session chaired by Prime Minister Jafar Hassan, approved several key decisions aimed at enhancing Jordan's competitiveness and supporting economic development. Minister of Government Communications Mohammed Momani, who is also the government spokesperson, announced the decisions made during the session. Momani said that the Cabinet approved the 2025 amendments to the Competition Law. The amendments will now be forwarded to the Lower House for further review, the Jordan News Agency, Petra, reported. The amended law seeks to enhance the implementation of competition policy in Jordan by granting greater autonomy to the Competition Protection Department, enhancing its investigative tools, and empowering it to take legal action. The law aligns with the government's economic modernisation vision, which aims to create a fairer competitive environment and safeguard consumers against monopolistic practices. The law also allows the creation of a Competition Affairs Council, which will serve as an advisory body with representatives from both the public and private sectors. The Council of Ministers also approved the 2025 data disclosure nylaw, which establishes clear guidelines for the disclosure of data while ensuring compliance with the Personal Data Protection Law of 2023. This Bylaw is part of Jordan's broader effort to strengthen its digital economy and improve the country's standing in global business and data protection indices. On the infrastructure front, the Cabinet approved several important projects. Among the most notable is the Al Akeeder Landfill Development Project, valued at around JD30 million. This project aims to establish an environmentally sustainable waste cell at the Al Akeeder landfill, the largest municipal waste site in Jordan. Part-funded by a 20 million euro EU grant, the project will serve 38 municipalities and is a key component of Jordan's solid waste management strategy. The Cabinet also approved the Bani Kananah Water Supply Improvement Project, worth JD9 million, which will benefit 25 villages as part of the National Water Strategy 2023-2040. Additionally, the construction of two new schools in Zarqa and Amman, costing around JD3.1 million, was approved. In a move to support Syrian refugees, the Cabinet decided to waive certain customs fees for Syrians returning to their homeland. The exemption applies to the AR9 customs declaration, which covers the transport of household goods for refugees voluntarily returning to Syria. Momani also highlighted Jordan's ongoing diplomatic efforts, announcing the approval of a customs cooperation agreement with Azerbaijan to enhance the exchange of information and combat customs violations. A memorandum of understanding with the National Museum of Oman, aimed at promoting cultural cooperation, was also approved. Additionally, the Cabinet approved legal procedures to establish formal diplomatic relations with Guinea following a joint declaration signed by both governments. The Cabinet also reviewed measures to improve the functioning of internal audit units within government ministries and institutions, with a focus on enhancing transparency, decision-making, and accountability. The Audit Bureau presented recommendations for developing internal audit capabilities throughout the Jordanian public sector. Momani also highlighted His Majesty King Abdullah's participation in the Arab Emergency Summit in Cairo. The summit is focused on Gaza and efforts to rebuild the area without displacing its residents, in line with a unified Arab stance on the issue. Momani reiterated Jordan's firm position on the Palestinian cause, as expressed by King Abdullah during his recent visit to Washington. He reaffirmed Jordan's strong opposition to forced displacement, resettlement, and the concept of an "alternative homeland." "The Kingdom stands in solidarity with the Palestinian people and supports their legitimate rights, including the establishment of an independent Palestinian state on their national soil." "The cause of Palestine is a national Arab interest," Momani emphasised. "It is vital to ensure the rights of Palestinians and Gazans, allowing them to remain on their land, live with dignity, and have access to necessary infrastructure and humanitarian aid." He also condemned the blockade of Gaza, stressing the importance of enforcing international law and ensuring the unimpeded delivery of humanitarian aid to the Strip. "Gaza belongs to its people," he said, reiterating Jordan's clear position. "Since the onset of the crisis, Jordan has mobilised all its political, diplomatic, legal, and humanitarian resources to support the Palestinian cause." On the humanitarian front, Momani confirmed that Palestinian children injured in Gaza have begun arriving in Jordan for medical treatment. The first cases are being processed at Marka airport and land border crossings, with injuries being assessed by Jordanian medical teams working in Gaza. Regarding Jordan's relations with Syria, Momani stressed the deep, brotherly bond between the two nations. "Jordan remains committed to supporting Syria during its transitional period, recognising that Syria's security, stability, and territorial integrity are of strategic importance to Jordan." Momani also condemned recent Israeli airstrikes on Syrian territory, calling them a violation of Syria's sovereignty. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
04-03-2025
- Business
- Jordan Times
Cabinet approves key legislative, infrastructure initiatives to boost economic development
-Approved competition law amendments, waste management projects, and new schools -Waivers on customs fees for returning Syrian refugees AMMAN — The Cabinet on Tuesday, during a session chaired by Prime Minister Jafar Hassan, approved several key decisions aimed at enhancing Jordan's competitiveness and supporting economic development. Minister of Government Communications Mohammed Momani, who is also the government spokesperson, announced the decisions made during the session. Momani said that the Cabinet approved the 2025 amendments to the Competition Law. The amendments will now be forwarded to the Lower House for further review, the Jordan News Agency, Petra, reported. The amended law seeks to enhance the implementation of competition policy in Jordan by granting greater autonomy to the Competition Protection Department, enhancing its investigative tools, and empowering it to take legal action. The law aligns with the government's economic modernisation vision, which aims to create a fairer competitive environment and safeguard consumers against monopolistic practices. The law also allows the creation of a Competition Affairs Council, which will serve as an advisory body with representatives from both the public and private sectors. The Council of Ministers also approved the 2025 data disclosure nylaw, which establishes clear guidelines for the disclosure of data while ensuring compliance with the Personal Data Protection Law of 2023. This Bylaw is part of Jordan's broader effort to strengthen its digital economy and improve the country's standing in global business and data protection indices. On the infrastructure front, the Cabinet approved several important projects. Among the most notable is the Al Akeeder Landfill Development Project, valued at around JD30 million. This project aims to establish an environmentally sustainable waste cell at the Al Akeeder landfill, the largest municipal waste site in Jordan. Part-funded by a 20 million euro EU grant, the project will serve 38 municipalities and is a key component of Jordan's solid waste management strategy. The Cabinet also approved the Bani Kananah Water Supply Improvement Project, worth JD9 million, which will benefit 25 villages as part of the National Water Strategy 2023-2040. Additionally, the construction of two new schools in Zarqa and Amman, costing around JD3.1 million, was approved. In a move to support Syrian refugees, the Cabinet decided to waive certain customs fees for Syrians returning to their homeland. The exemption applies to the AR9 customs declaration, which covers the transport of household goods for refugees voluntarily returning to Syria. Momani also highlighted Jordan's ongoing diplomatic efforts, announcing the approval of a customs cooperation agreement with Azerbaijan to enhance the exchange of information and combat customs violations. A memorandum of understanding with the National Museum of Oman, aimed at promoting cultural cooperation, was also approved. Additionally, the Cabinet approved legal procedures to establish formal diplomatic relations with Guinea following a joint declaration signed by both governments. The Cabinet also reviewed measures to improve the functioning of internal audit units within government ministries and institutions, with a focus on enhancing transparency, decision-making, and accountability. The Audit Bureau presented recommendations for developing internal audit capabilities throughout the Jordanian public sector. Momani also highlighted His Majesty King Abdullah's participation in the Arab Emergency Summit in Cairo. The summit is focused on Gaza and efforts to rebuild the area without displacing its residents, in line with a unified Arab stance on the issue. Momani reiterated Jordan's firm position on the Palestinian cause, as expressed by King Abdullah during his recent visit to Washington. He reaffirmed Jordan's strong opposition to forced displacement, resettlement, and the concept of an "alternative homeland." "The Kingdom stands in solidarity with the Palestinian people and supports their legitimate rights, including the establishment of an independent Palestinian state on their national soil." "The cause of Palestine is a national Arab interest," Momani emphasised. "It is vital to ensure the rights of Palestinians and Gazans, allowing them to remain on their land, live with dignity, and have access to necessary infrastructure and humanitarian aid." He also condemned the blockade of Gaza, stressing the importance of enforcing international law and ensuring the unimpeded delivery of humanitarian aid to the Strip. "Gaza belongs to its people," he said, reiterating Jordan's clear position. "Since the onset of the crisis, Jordan has mobilised all its political, diplomatic, legal, and humanitarian resources to support the Palestinian cause." On the humanitarian front, Momani confirmed that Palestinian children injured in Gaza have begun arriving in Jordan for medical treatment. The first cases are being processed at Marka airport and land border crossings, with injuries being assessed by Jordanian medical teams working in Gaza. Regarding Jordan's relations with Syria, Momani stressed the deep, brotherly bond between the two nations. "Jordan remains committed to supporting Syria during its transitional period, recognising that Syria's security, stability, and territorial integrity are of strategic importance to Jordan." Momani also condemned recent Israeli airstrikes on Syrian territory, calling them a violation of Syria's sovereignty.
