Latest news with #Jaghbir
Jordan Times
23-04-2025
- Business
- Jordan Times
40 Jordanian companies participate in Tripoli International Fair in Libya
Tripoli International Fair, which will see the participation of 40 Jordanian industrial companies, constitutes an 'important and strategic' platform for Jordanian industry, says President of Jordan Chamber of Industry Fathi Jaghbir (JT file) AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Wednesday said that Tripoli International Fair, which will see participation of 40 Jordanian industrial companies, constitutes an "important and strategic" platform for Jordanian industry. Jaghbir added that Libya is a "promising" market, as Jordanian products can compete "strongly, given their quality and diversity,' the Jordan News Agency, Petra, reported. He noted that the event "is not limited to displaying products, but rather opens the door to boost bilateral economic relations." During the event, he said that Jordanian delegates can hold direct meetings with their Libyan counterparts and negotiate investment opportunities and future trade partnerships. As for signing a cooperation agreement by the JCI and the General Libyan Union of Chambers of Commerce (GLUCC), Jaghbir said that the step would establish a "strong" foundation for economic and commercial relations and contribute to facilitating trade exchange and the transfer of industrial expertise. The JCI president stressed the need for continued government support for these initiatives and partnerships, given their "significant" impact in boosting Jordanian industry's regional presence and opening "new" markets that contribute to supporting the national economy. Page 2
Jordan Times
14-04-2025
- Business
- Jordan Times
Industrial sector grows by 4.4% in 2024
AMMAN — The industrial sector achieved a 'real' growth of 4.4 per cent during the past year compared to 2023, with contribution of 40 per cent to the total economic growth realised in the Kingdom. President of the Jordan and Amman Chambers of Industry Fathi Jaghbir said in a statement on Monday that the 'industrial sector has proven its solid position as a key driver of economic growth in the Kingdom, despite regional changes and unprecedented global economic pressures.' He added that industry has become the backbone of the national economy, as it is the main pillar in the Economic Modernisation Vision. Jaghbir said that the growth was driven by positive developments and noticeable growth across various industrial sectors, with the mining sector recording a growth of 5.5per cent, the manufacturing sector 4.2 per cent, and the electricity and water sector 4.8 per cent. He also said that the industrial output at current prices reached JD8.6 billion during 2024, accounting for 23 per cent of the gross domestic product (GDP) directly, making it the highest-contributing economic sector to the national economy as a whole. He expressed hope that the current year will bring further progress and prosperity for Jordanian industry, especially with the government's focus on the optimal implementation of all initiatives under EMV and enhancing its competitiveness. Jaghbir also pointed out that the industry's contribution to the GDP was supported by a 1.4 per cent growth in industrial exports last year compared to 2023, with their total value exceeding JD7.8 billion, making up around 92 per cent of total national exports.
Zawya
07-04-2025
- Business
- Zawya
JCI president urges talks after US imposes 20% tariff on Jordanian exports
AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Saturday called for a meeting of the boards of the industrial chambers on Sunday to discuss the implications of the US president's decision to impose a 20 per cent customs tariff on Jordanian exports to the US. Jaghbir said that the meeting would also go over suitable solutions to address the consequences of this decision, according to a JCI statement. He explained that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates "immediate" actions to support the national industry. Jaghbir, who is also president of the Amman Chamber of Industry, noted that the government and private sector are working in "close" coordination to enhance domestic production capabilities and boost competitiveness. He stressed that the Kingdom must adopt policies that ensure balance in trade relations. Jaghbir highlighted the resilience of Jordanian industry, which has proven its ability to compete despite various challenges. He pointed out that Jordan's trade balance with the US recorded a surplus of JD877 million ($1.24 billion) in 2024. Jordan's exports to the US in 2024 reached JD2.208 billion ($3.12 billion), up from JD1.958 billion ($2.77 billion) in 2023, marking an increase of 12.8 per cent, the statement added. Jaghbir described the US decision as a "clear message that nations must protect their industries and strengthen local production." © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
05-04-2025
- Business
- Jordan Times
JCI president urges talks after US imposes 20% tariff on Jordanian exports
President of the Jordan Chamber of Industry Fathi Jaghbir says that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates 'immediate' actions to support the national industry (Photo courtesy of Aqaba Container Terminal) AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Saturday called for a meeting of the boards of the industrial chambers on Sunday to discuss the implications of the US president's decision to impose a 20 per cent customs tariff on Jordanian exports to the US. Jaghbir said that the meeting would also go over suitable solutions to address the consequences of this decision, according to a JCI statement. He explained that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates "immediate" actions to support the national industry. Jaghbir, who is also president of the Amman Chamber of Industry, noted that the government and private sector are working in "close" coordination to enhance domestic production capabilities and boost competitiveness. He stressed that the Kingdom must adopt policies that ensure balance in trade relations. Jaghbir highlighted the resilience of Jordanian industry, which has proven its ability to compete despite various challenges. He pointed out that Jordan's trade balance with the US recorded a surplus of JD877 million ($1.24 billion) in 2024. Jordan's exports to the US in 2024 reached JD2.208 billion ($3.12 billion), up from JD1.958 billion ($2.77 billion) in 2023, marking an increase of 12.8 per cent, the statement added. Jaghbir described the US decision as a "clear message that nations must protect their industries and strengthen local production." Page 2
Zawya
17-03-2025
- Business
- Zawya
Jordan: Industrial exports grow 1.4% in 2024 despite regional challenges
AMMAN: Industrial exports grew by 1.4 per cent to JD7.8 billion in 2024, compared to the previous year, despite regional challenges, according to the Jordan and Amman chambers of industry. Industrial exports accounted for about 92 per cent of total national exports last year, according to foreign trade figures of the Department of Statistics, the Jordan News Agency, Petra, reported on Saturday. The growth and positive performance would not have been achieved without ongoing joint efforts of both government agencies and the private sector to take down barriers to exports, open new markets, and bolster trade with international partners, President of the Jordan Chamber of Industry Fathi Jaghbir said. He said growth was driven by rising exports by four sub-industrial sectors, namely leather and textiles, food and supplies, livestock, medical supplies, plastics, and rubber. The construction and mining industries, packaging, wood and furniture, engineering, and electrical industries dropped, he said. Jaghbir said the US topped the list of importers, followed by Arab and European Union countries, referring to the expansion of Jordanian exports to such European markets as Ukraine, Belgium, Norway, Italy and Finland. He said that exports also expanded to South Korea and Japan, and accessed entirely new markets, such as Myanmar, Latvia, and Luxembourg, underlining the quality of Jordanian products, with exports now reaching more than 146 countries. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
