Latest news with #JordanTimes
Zawya
29-05-2025
- Business
- Zawya
Jordan approves 30-year copper mining concession: Report
Jordan has approved a 30-year agreement with Wadi Araba Minerals Company for copper mining in southern Jordan. The deal grants mining rights over a 25-sq-km area, with the extracted raw materials to be processed locally to maximise national economic returns, the Jordan Times reported, citing an official statement. The move aims to halt the export of unprocessed copper. Plans entail setting up a public shareholding company, with a portion to be floated on the local stock exchange, the report said, without providing further details. The government revenues from the project will be linked to international copper prices, the newspaper said. In March, Jordan offered several mining sites to investors in its Southern Aqaba areas. The country has set an ambitious target to expand the mining sector's contribution to GDP to nearly JOD 2.1 billion ($2.9 billion) in 2033 from around JOD 700 million ($980 million) in 2024, according to a report by the Energy and Mineral Resources Ministry. (Writing by P Deol; Editing by Anoop Menon) (
Jordan Times
25-05-2025
- General
- Jordan Times
The Jordan Times to launch new website Monday
AMMAN — Coinciding with the Kingdom's 79th Independence Day celebrations, The Jordan Times will launch its redesigned website on Monday as part of its ongoing efforts to embrace innovation and enhance the reader experience. While preserving the familiar design elements of the previous version, including the iconic rose-red logo, the new site features a more responsive, mobile-optimised layout with improved visual appeal and functionality. The updated platform offers intuitive navigation, faster load times, interactive elements, and enhanced accessibility options, making it more user-friendly across devices. The development process took nearly ten months, and the new website will continue to evolve in the coming weeks as design refinements are made based on user feedback. 'We invite our loyal readers to explore the new site and share their suggestions or comments to help us further improve the platform,' the editorial team said. Suggestions can be sent to [email protected].
Zawya
22-05-2025
- Business
- Zawya
Digital skills dominate job market in Jordan's banking sector
AMMAN — A recent study by the Association of Banks in Jordan (ABJ) has identified the most in-demand university majors in the Kingdom's banking sector, highlighting a growing need for digital and technical skills in the industry. According to the ABJ statement sent to The Jordan Times, the most sought-after majors include Accounting, Finance and Banking, Computer Science, Information Systems, Information Technology, Business Administration, and Cybersecurity. While Jordanian universities are increasingly aware of the need to update academic programmes in line with digital transformation, the ABJ noted that a gap persists between graduates' qualifications and the rapidly evolving demands of the banking sector, particularly in fintech and digitalisation. The study also revealed that more than 50 per cent of financial institutions in Jordan now consider data analysis and artificial intelligence (AI) skills essential for entry-level roles. Positions such as big data analyst, AI specialist, financial data analyst, tech risk analyst, digital officer, and banking app developer are among the fastest-growing roles in the sector, the study found. 'In 2024, recent graduates accounted for nearly half of all new hires in the banking sector, indicating a clear trend among banks to integrate young talent into the industry,' the ABJ stated. Commenting on the findings, financial analyst Yousef Suboh told The Jordan Times that 'Banks are not only seeking to modernise their operations through digital solutions, but also to invest in a younger, tech-competent workforce capable of adapting to emerging trends in fintech, AI, and data-driven decision-making.' He added that demand for such skills is likely to grow as financial institutions expand their digital offerings. Economist Majed Shari said: 'Adapting to the digital era is no longer optional for banks; it is a necessity.' He stressed that financial institutions are now focused on building a workforce equipped to navigate complex financial ecosystems and drive innovation. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
21-05-2025
- Business
- Jordan Times
Digital skills dominate job market in Jordan's banking sector
The study reveals that more than 50 per cent of financial institutions in Jordan now consider data analysis and artificial intelligence (AI) skills essential for entry-level roles (JT file) AMMAN — A recent study by the Association of Banks in Jordan (ABJ) has identified the most in-demand university majors in the Kingdom's banking sector, highlighting a growing need for digital and technical skills in the industry. According to the ABJ statement sent to The Jordan Times, the most sought-after majors include Accounting, Finance and Banking, Computer Science, Information Systems, Information Technology, Business Administration, and Cybersecurity. While Jordanian universities are increasingly aware of the need to update academic programmes in line with digital transformation, the ABJ noted that a gap persists between graduates' qualifications and the rapidly evolving demands of the banking sector, particularly in fintech and digitalisation. The study also revealed that more than 50 per cent of financial institutions in Jordan now consider data analysis and artificial intelligence (AI) skills essential for entry-level roles. Positions such as big data analyst, AI specialist, financial data analyst, tech risk analyst, digital officer, and banking app developer are among the fastest-growing roles in the sector, the study found. 'In 2024, recent graduates accounted for nearly half of all new hires in the banking sector, indicating a clear trend among banks to integrate young talent into the industry,' the ABJ stated. Commenting on the findings, financial analyst Yousef Suboh told The Jordan Times that 'Banks are not only seeking to modernise their operations through digital solutions, but also to invest in a younger, tech-competent workforce capable of adapting to emerging trends in fintech, AI, and data-driven decision-making.' He added that demand for such skills is likely to grow as financial institutions expand their digital offerings. Economist Majed Shari said: 'Adapting to the digital era is no longer optional for banks; it is a necessity.' He stressed that financial institutions are now focused on building a workforce equipped to navigate complex financial ecosystems and drive innovation.
Zawya
16-05-2025
- Business
- Zawya
Jordan: Tourism revenue climbs to $2.4bln in first four months of 2025
AMMAN — Tourism revenue surged to $2.4 billion in the first third of 2025, marking a 15.3 per cent increase compared to the same period last year, according to preliminary data from the Central Bank of Jordan. In April alone, tourism income rose by 34.2 per cent year-on-year to reach $710.3 million. The bank's figures also showed a 19 per cent rise in the number of tourists visiting the Kingdom. Tourism receipts from all nationalities increased, with gains recorded across the board: 7.5 per cent from expatriate Jordanians and other nationalities, 20.7 per cent from Europeans, 20.5 per cent from Americans, 15.6% from Arab countries, and 38.2 per cent from other regions. Meanwhile, Jordanians' spending on outbound tourism grew as well, rising by 6.5 per cent in April to $155.4 million. In the first four months of 2025, such spending totaled $646 million — a 12.8 per cent increase from the same period last year. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
