Latest news with #JD80
Jordan News
27-07-2025
- Business
- Jordan News
Housing Bank Reports Net Profit of JD80.1 Million for the First Half of 2025 - Jordan News
Housing Bank – The Housing Bank for Trade and Finance (HBTF) Group has announced its financial results for the first half of 2025, reporting a net profit of JD80.1 million. اضافة اعلان Abdelelah Al-Khatib, Chairman of the Board of Directors, commented on these results, emphasizing that the strong financial performance underscores the Bank's solid financial position. He noted that these outcomes reflect the success of the Group's strategic direction, comprehensive vision, and integrated capabilities. Al-Khatib further added that the Bank's ability to achieve net profits exceeding JD80 million reaffirms the Bank's efficiency and prudent resource management, ensuring optimal returns for shareholders. On the other hand, Ammar Al-Safadi, Chief Executive Officer of HBTF Group, presented the key financial indicators for the first half of 2025, highlighting the strength and efficiency of the Bank's operational sectors. Al-Safadi elaborated that this positive performance is a continuation of the Bank's success story and reflects the soundness of its financial position. It demonstrates the Group's resilience and flexibility amidst evolving economic conditions and challenges. The CEO further noted that the Bank's performance highlights its commitment to delivering innovative banking solutions and excellent services in a flexible and evolving environment, supported by a strong capital base and high liquidity rates. He added that the Group recorded robust growth in net credit facilities, which increased by 5.9% since the beginning of the year, reaching JD4.8 billion as at the end of June 2025. This growth positively contributed to the Bank's key financial indicators for the first half of the year. In terms of funding, customer deposits grew by 2.0% since the beginning of the year, reaching JD6.1 billion. The Bank also maintained a solid capital base, with total equity reaching JD1.4 billion and a capital adequacy ratio of 18.6%, which is well above the minimum regulatory requirements set by the Central Bank of Jordan and the Basel Committee. Al-Safadi reaffirmed Housing Bank's commitment to its strategy of delivering top-tier banking services, introducing advanced, user-friendly, and secure products, and offering integrated banking solutions within a modern environment. This commitment reflects Housing Bank's legacy and leadership in the Jordanian banking market.
Zawya
19-03-2025
- Health
- Zawya
Jordan: Prime minister announces plans for $112mln hospital, transit upgrades in Madaba
AMMAN: Prime Minister Jaafar Hassan on Tuesday pledged to begin construction of a state-of-the-art government hospital in Madaba this year, stressing his commitment to enhancing healthcare services in the governorate. During a Cabinet session in Madaba, the sixth held outside Amman as part of the government's regional engagement initiative, Hassan said that the hospital, designed to accommodate several medical specialities, is expected to be completed within four years at an estimated cost of JD60 million, with the total cost reaching JD80 million when fully equipped. As part of efforts to improve transportation, the Prime Minister also unveiled a rapid transit bus service between Madaba and Amman. The new route will feature eight buses operating on a fixed schedule, offering 52 daily trips with direct government subsidies to enhance affordability and accessibility for commuters, according to a Prime Ministry statement. Reaffirming a citizen-focused governance approach, Hassan said, 'The government puts people first, and there is no place in the public sector for those who do not share this commitment.' He underscored the importance of field visits in shaping policy and responding effectively to local needs. Recognizing Madaba's historical and religious significance, Hassan highlighted plans to accelerate restoration and expansion projects, including completing Phase II of the Christian Pilgrimage Trail and opening the Thiban Visitor Centre. On economic prospects, the prime minister highlighted Jordan's economy as 'resilient and strong,' citing major foreign investments and strategic projects set to launch in 2025 and beyond. In education, Hassan announced plans to build several new schools, including the Thiban Vocational School for Boys, which will follow the BTEC vocational education system. He also reiterated the government's commitment to expanding vocational training nationwide to equip students with the technical skills needed for the labour market. During the session, several ministers outlined a comprehensive development vision for Madaba, detailing projects planned for this year and the years ahead. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
18-03-2025
- Business
- Jordan Times
Prime minister announces plans for JD80m hospital, transit upgrades in Madaba
Prime Minister Jafar Hassan chairs a Cabinet session in Madaba on Tuesday (Petra photo) AMMAN — Prime Minister Jaafar Hassan on Tuesday pledged to begin construction of a state-of-the-art government hospital in Madaba this year, stressing his commitment to enhancing healthcare services in the governorate. During a Cabinet session in Madaba, the sixth held outside Amman as part of the government's regional engagement initiative, Hassan said that the hospital, designed to accommodate several medical specialities, is expected to be completed within four years at an estimated cost of JD60 million, with the total cost reaching JD80 million when fully equipped. As part of efforts to improve transportation, the Prime Minister also unveiled a rapid transit bus service between Madaba and Amman. The new route will feature eight buses operating on a fixed schedule, offering 52 daily trips with direct government subsidies to enhance affordability and accessibility for commuters, according to a Prime Ministry statement. Reaffirming a citizen-focused governance approach, Hassan said, 'The government puts people first, and there is no place in the public sector for those who do not share this commitment.' He underscored the importance of field visits in shaping policy and responding effectively to local needs. Recognizing Madaba's historical and religious significance, Hassan highlighted plans to accelerate restoration and expansion projects, including completing Phase II of the Christian Pilgrimage Trail and opening the Thiban Visitor Centre. On economic prospects, the prime minister highlighted Jordan's economy as 'resilient and strong,' citing major foreign investments and strategic projects set to launch in 2025 and beyond. In education, Hassan announced plans to build several new schools, including the Thiban Vocational School for Boys, which will follow the BTEC vocational education system. He also reiterated the government's commitment to expanding vocational training nationwide to equip students with the technical skills needed for the labour market. During the session, several ministers outlined a comprehensive development vision for Madaba, detailing projects planned for this year and the years ahead.
Ammon
18-03-2025
- Business
- Ammon
PM announces major development projects in Madaba
Ammon News - Prime Minister Jafar Hasan, convening a cabinet meeting in Madaba on Tuesday, announced a suite of development initiatives aimed at bolstering local infrastructure and public services. A cornerstone of the announcements was the commitment to constructing a modern, comprehensive hospital facility for Al-Nadeem Hospital, beginning this year. The project, budgeted at JD60 millionfor construction, with an anticipated total outlay of approximately JD80 million including state-of-the-art equipment, is slated for completion within four years. Complementing this, a new Bus Rapid Transit (BRT) line will connect Madaba and Amman, featuring eight buses operating on a structured timetable, with 52 daily trips facilitated by direct government support. Prime Minister Hassan underscored his government's dedication to executing projects jointly agreed upon with elected local councils, adhering to current and future budgetary allocations. He emphasized a citizen-centric approach to governance, stating, "This government prioritizes the needs of its citizens, and there is no place within the public sector for those who lack that same commitment." He acknowledged the importance of firsthand observation in informing policy development, stating, "Our on-the-ground experiences directly influence our development plans and enable us to address urgent needs with timely solutions." Furthermore, the government detailed ongoing efforts to enhance Madaba's tourism infrastructure, including the completion of the second phase of the Christian Pilgrimage Trail and the imminent opening of the Dhiban Visitors Center. The government also pledged to expand vocational education, highlighted by the creation of the Dhiban vocational school for boys, aligning with the BTEC vocational education system, reflecting an increased emphasis on skills-based training aligned with market demands. This represents a sustained commitment to both current and future progression. Turning to the economy, he expressed confidence in the Kingdom's resilience, anticipating significant foreign investment and strategic project launches over the next two years.
