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Jordan Times
19-04-2025
- Business
- Jordan Times
ACC, Ramallah commerce chamber talk Jordanian-Palestinian trade cooperation
Chairman of Amman Chamber of Commerce Khalil Hajj Tawfiq says that the Kingdom's exports to the Palestinian market amounted to JD202 million last year, compared with about JD47 million in imports (Petra photo) AMMAN — Chairman of Amman Chamber of Commerce (ACC) Khalil Hajj Tawfiq on Saturday agreed with Chairman of the Chamber of Commerce and Industry Ramallah and Bireh Governorates Abdul Ghani Attari to increase cooperation and coordination in multiple areas of common interest, which would reflect "positively" on the two countries' trade relations. Speaking at the meeting, Hajj Tawfiq said that the ACC is "fully" ready to support the Palestinian commercial sector and promote Palestinian products in the local market, as well as providing specialised training for the Palestinian chamber and the business sector, the Jordan News Agency, Petra, reported. Hajj Tawfiq highlighted the importance of working to overcome difficulties and challenges facing Jordanian-Palestinian trade exchanges, imposed by the Israeli occupation authorities. He indicated that the Kingdom's exports to the Palestinian market amounted to JD202 million last year, compared with about JD47 million in imports. Hajj Tawfiq stressed the importance of boosting cooperation in the coming period and activating the memorandum of understanding signed by the two chambers. He stressed the significance of supporting and promoting Palestinian products through joint exhibitions and promotion campaigns. Attari praised support of the ACC and the Jordanian private sector to the Palestinian private sector to back its "resilience" in facing the Israeli economic policies. Attari noted difficulties facing businesspeople travel to and from Palestine due to the Israeli occupation's restrictions. Jordan, he noted, is Palestine's "vital artery, and the gateway" for other countries globally, including Arab countries, underlining the importance of adopting the port of Aqaba as the main venue for Palestinian imports.
Zawya
21-03-2025
- Business
- Zawya
Jordan: CBJ maintains interest rates amid positive economic indicators
AMMAN: The Open Market Operations Committee of the Central Bank of Jordan (CBJ) on Thursday held its second meeting of 2025, deciding to maintain interest rates of all monetary policy instruments at their current levels. The committee conducted an extensive review of local economic, monetary and financial developments while also assessing regional and global economic conditions. Available economic indicators stressed the strength of monetary stability and the resilience of the Jordanian banking sector, supported by a comfortable level of foreign reserves at the CBJ, which exceeded $21 billion by the end of February, the Jordan News Agency, Petra, reported. The data also showed that the inflation rate remained low at 2.2 per cent during the first two months of this year, with expectations of stability at the same level for the entire year, contributing to maintaining purchasing power and enhancing the competitiveness of the national economy. In the banking sector, the data indicated positive growth, reflecting the sector's strength and confidence in it. Customer deposits in banks grew by 6.8 per cent year-on-year to some JD47 billion by the end of January. Meanwhile, the balance of credit facilities granted by banks increased by 4.8 per cent to about JD35.1 billion. Regarding the external sector's performance, indicators continued to show positive improvement, with tourism revenues increasing by 16.3 per cent in the first two months of 2025 to about $1.3 billion compared with the same period last year. Remittances from Jordanians expatriatesincreased by 1.2 per cent in January to some $320 million. Total exports increased by 5.8 per cent last year, reaching a value of $13.3 billion. Preliminary estimates indicate that the volume of foreign direct investment inflows into the Kingdom reached about $1.6 billion in 2024, reflecting investor confidence and the attractiveness of the investment environment in the Kingdom. At the economic activity level, the GDP recorded a growth of 2.4 per cent during the first three quarters of 2024, with expectations of it stabilising around this rate for the entire year. A relative acceleration is expected to reach about 2.7 per cent during this year, driven by improved domestic and external demand, particularly investment-related demand, and the continued positive performance of various economic sectors. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
