Latest news with #JordanChamberof
Ammon
29-07-2025
- Business
- Ammon
Jordan-Morocco ties set a benchmark for Arab unity, Says Envoy
Ammon News - Moroccan Ambassador to Jordan Fouad Akhrif praised the deep-rooted and exemplary relations between Jordan and Morocco, calling them a model for Arab cooperation and political alignment. He attributed this strength to the mutual understanding and shared vision between His Majesty King Abdullah II and King Mohammed VI. On the 26th anniversary of King Mohammed VI's accession to the throne, Akhrif highlighted the continuous coordination between the two countries, particularly on major regional issues such as the ongoing war on Gaza and the broader Palestinian question. He described the bilateral relationship as grounded in historic solidarity and familial ties, with foundations laid by the late King Hussein Bin Talal and King Hassan II, and elevated in recent decades through strategic collaboration initiated by their successors. One of the most notable milestones, he said, was King Abdullah's 2019 visit to Morocco, which paved the way for expanded cooperation. Akhrif revealed that over 120 bilateral agreements are currently in place, covering sectors ranging from renewable energy and agriculture to tourism and vocational training. He noted ongoing efforts to broaden this strategic partnership with concrete projects and experience-sharing in sectors like construction, water management, and food industries. The anticipated meeting of the Joint High Commission, he added, will further institutionalize this growing cooperation. On the economic front, both countries are focused on unlocking greater trade and investment potential under a favorable legal framework. Akhrif pointed to the strategic locations of Jordan and Morocco as a major advantage and extended an open invitation to business leaders in both countries to explore the opportunities. Plans are also underway to host a joint economic forum in Morocco in the coming months, in partnership with the Jordan Chamber of Commerce and Morocco's General Confederation of Enterprises. This forum is expected to inject momentum into bilateral economic ties. The ambassador also announced the expected resumption of direct flights between Casablanca and Amman in the coming weeks, a step he said would enhance commercial, tourism, and human exchange, and respond to longstanding demand from both Moroccan and Jordanian communities, as well as other regional travelers. Cultural and educational exchange continues to be a cornerstone of the relationship, dating back to the 1970s. Many students from both nations have graduated from each other's universities and gone on to assume leadership roles, reinforcing shared understanding and people-to-people ties. He also referenced Jordan's support for Morocco's sovereignty, particularly through its participation in the 1975 Green March and the opening of its consulate in Laayoune in 2021, underscoring the strength of bilateral solidarity. Akhrif reiterated Morocco's support for an immediate ceasefire in Gaza and a return to negotiations as the only viable path to lasting peace. He called for halting military escalation, ensuring unimpeded humanitarian aid access, protecting civilians in the West Bank, and implementing the reconstruction roadmap agreed at the recent Arab summit in Cairo under Palestinian leadership and international supervision. He concluded by reaffirming the identical positions of Jordan and Morocco on Palestine, stressing that true regional stability depends on a two-state solution, with Gaza as an integral part of a Palestinian state, based on the 1967 borders, with East Jerusalem as its capital. Petra
Ammon
03-07-2025
- Business
- Ammon
83,000 trucks cross from Jordan into Syria, JCC says
Ammon News - Chairman of Jordan Chamber of Commerce (JCC), Khalil Haj Tawfiq, said on Thursday that approximately 83,000 trucks have crossed from Jordan into Syria since the fall of al-Assad regime on December 8, 2024, in addition to 16,800 cement trucks. During his meeting with the governors of Damascus and Rural Damascus, Haj Tawfiq noted that a new page of economic relations with Syria is opening, based on partnership and joint development. Haj Tawfiq added, according to Al-Mamlaka, that he hopes the Syrian-Turkish agreement on transit and crossings will include the Jordanian crossings as a trade corridor. The Jordanian-Syrian Economic Forum and the Digital Forum will be held at the end of July, he pointed out. Damascus Governor Maher Marwan praised Jordan's role in hosting Syrian refugees during the conflict, which has lasted for more than 14 years. Marwan said that Syria is ready to cooperate and facilitate trade relations with Jordan in coordination with the Damascus Governorate.
Jordan News
03-06-2025
- Business
- Jordan News
Jordanian Expats' Remittances Drive Increased Demand for Dinar Ahead of Eid - Jordan News
Jordanian Expats' Remittances Drive Increased Demand for Dinar Ahead of Eid Firas Sultan, the representative of the financial and banking sector at the Jordan Chamber of Commerce, confirmed a noticeable surge in demand for the Jordanian dinar at local exchange companies ahead of Eid al-Adha and the summer season. اضافة اعلان Sultan attributed this uptick to a significant increase in remittances from Jordanian expatriates, which typically double during festive periods to support their families during the holiday. This results in a higher conversion of foreign currencies into dinars. He emphasized that these remittances are a key source of foreign currency for the local market and directly contribute to strengthening monetary reserves, while also boosting the purchasing power of Jordanian households—especially as they prepare for Eid. According to data from the Central Bank of Jordan, remittances from Jordanians abroad rose by 3% in the first quarter of this year, reaching $889 million. Sultan also noted that the return of thousands of Jordanian expats to spend the Eid holiday in the Kingdom, along with increased tourism activity, further drives demand for the dinar. He stressed the importance of this financial activity in supporting the national economic cycle. He praised the Central Bank's prudent monetary policy and its role in maintaining confidence in the local currency, highlighting ongoing communication between the Chamber and the Bank to address challenges faced by the sector. —(Petra)
Ammon
03-06-2025
- Business
- Ammon
Demand for Jordanian dinar surges ahead of Eid holiday
Ammon News - Demand for the Jordanian dinar is "significantly" increasing at exchange agencies in the local market, ahead of Eid al-Adha holiday and the start of the summer season, representative of financial and banking sector at the Jordan Chamber of Commerce (JCC), Firas Sultan, said. Sulatn noted the activity is primarily due to the "crucial" increase in remittances from Jordanian expatriates, which "typically double" during those periods to meet their families' needs during the holiday. Sulatn indicated that this growth is reflected in the increased volume of foreign currency exchange in favor of the Jordanian dinar. "These remittances are a main source of foreign currency in the local market and directly contribute to strengthening monetary reserves and supporting the purchasing power of Jordanian households, especially amid Eid preparations," he pointed out. According to data from the Central Bank of Jordan (CBJ), remittances from Jordanian expatriates increased by 3% during the first quarter of this year, reaching $889 million. The bank added that the return of thousands of Jordanian expatriates to spend their holidays in the Kingdom during the Eid holiday and the increased tourist activity contribute to increased demand for the dinar, stressing the importance of this financial activity in supporting the Kingdom's economic cycle. Sultan also praised the CBJ's "key" role and its "prudent" policy in maintaining Jordan's monetary policy and enhancing confidence in the local currency.
Ammon
28-05-2025
- Business
- Ammon
Jordan explores energy investment opportunities with Syria
Ammon News - A Jordanian economic delegation visiting Damascus held talks with Syria's Minister of Oil and Mineral Resources, Mohammad Al-Bashir, to explore opportunities for cooperation in energy projects, particularly in renewable energy. The meeting, attended by Jordan's Chargé d'Affaires in Damascus, Basel Al-Kayed, focused on potential investments in electricity, gas, oil derivatives, mining, engineering consultancy, and clean energy. Discussions aligned with Syria's broader efforts to diversify its energy sources and attract international partnerships. The delegation, headed by Jordan Chamber of Commerce President Khalil Al-Haj Tawfiq, was briefed on Syria's current and planned projects in the electricity, water, and domestic gas sectors. Al-Bashir expressed appreciation for Jordan's longstanding support, including its early role in hosting Syrian refugees and facilitating the delivery of gas to Syria. He described the Jordanian contribution as a reflection of deep, brotherly ties. He also emphasized Syria's openness to expanding investment partnerships, especially in renewable energy, where Jordanian companies have developed notable expertise. Al-Bashir noted that the recent easing of U.S. and European sanctions on Syrian oil institutions could help accelerate the sector's recovery and infrastructure development, potentially paving the way for new investment. Syria is currently reviewing proposals for alternative energy projects with a projected capacity of 300 megawatts. In the coming months, the government is expected to sign agreements with several international companies for projects in oil, renewable energy, and electricity, including plans to build a new oil refinery. Speaking on behalf of the delegation, Al-Haj Tawfiq said the visit reflects the private sector's commitment to redefining the economic relationship between the two countries and supporting Syria's post-crisis recovery. He underscored the importance of drawing on Jordan's experience in renewable energy to support investment, reduce production costs, and spur economic growth. The delegation also included senior representatives from Jordan's trade and industrial sectors. Hassan Al-Hiyari, CEO of the Jordan Petroleum Refinery Company, confirmed the company's readiness to supply fuel to southern Syria, emphasizing Jordan's role in delivering gas at competitive prices. Additional members of the delegation, including representatives from the Irbid Chamber of Commerce and sectors such as electronics, furniture, and water infrastructure, shared proposals for joint initiatives and stressed the value of Jordanian technical expertise in power, water, and sanitation projects.
