Latest news with #MazenWathaifi
Jordan News
5 days ago
- Business
- Jordan News
CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity - Jordan News
CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity In a strategic move to boost local investment and promote the Jordanian capital market as a promising and secure destination that supports long-term national economic growth within a regulated environment, CFI Financial Group—a global leader in trading and financial services—has launched initiatives to promote a culture of investment in the Amman Stock Exchange (ASE). اضافة اعلان CFI is positioning the Jordanian stock market as a smart, secure investment choice offering real opportunities for individuals and investors in a regulated ecosystem overseen by the Jordan Securities Commission, which ensures investor protection and financial stability. These efforts align with the firm's campaign titled 'Opportunities Start from Jordan,' aimed at attracting investor attention to the local market and enhancing confidence in its potential to fuel corporate growth, create jobs, and support diversified, sustainable investment portfolios alongside international markets. Local Investment: A Strategic Priority Louay Azar, Regional CEO of CFI for the Middle East and North Africa, stated: 'We believe that smart investing is just as important as responsible investing—and it starts here, with local opportunities we understand deeply. The Jordanian market holds real potential and untapped opportunities. At CFI, we are opening the doors of this market to Jordanian investors with confidence and transparency, committed to creating a positive impact in the markets and communities we serve. We emphasize the importance of adopting a strategic, long-term investment mindset.' Market Support from Key Stakeholders Mazen Wathaifi, CEO of the Amman Stock Exchange, welcomed such initiatives, noting: 'We value efforts that highlight the Jordanian capital market and raise awareness of the importance of local investment. This campaign comes at a critical time to encourage investors to benefit from available opportunities within a transparent, well-regulated trading environment that offers the necessary infrastructure to attract and grow investments.' Wathaifi also emphasized the strategic significance of domestic investment, especially in light of Jordan's new Investment Law, which enhances the market's appeal regionally and internationally, offering attractive incentives—including Jordanian citizenship under specific conditions. Financial Sector Endorsement Dr. Mohammad Abdel Sattar Jaradat, President of the Jordanian Association of Financial Services Companies, commented: 'This campaign marks a strategic step toward revitalizing Jordan's financial market by stimulating local trading within a licensed and regulated framework. It reflects a practical commitment to supporting the local market and aligns with national strategies to boost financial literacy, expand the investor base, and promote more inclusive and sustainable economic growth.' 'Reviving the Jordanian market is not a complementary option—it's an economic necessity. It strengthens national companies and opens new pathways for youth and individual investors, reinforcing Jordan's position as a promising regional financial hub.' "Opportunities Start from Jordan" Campaign The "Opportunities Start from Jordan" campaign builds on CFI's ongoing efforts to promote financial literacy and create a more informed investment community. The initiative gives Jordanian investors access to reliable national investment tools within a modern, transparent, and licensed trading environment. CFI also offers specialized educational content and continuous training seminars to support traders of all experience levels, enabling them to make well-informed financial decisions. About CFI Financial Group Founded in 1998, CFI Financial Group is the leading online trading provider in the MENA region, with over 25 years of experience. The group operates in major cities including London, Abu Dhabi, Dubai, Cape Town, Baku, Beirut, Amman, and Cairo, offering integrated access to local and global markets. CFI provides a wide range of trading options—stocks, forex, commodities, and more—with competitive trading conditions, including zero commissions, tight spreads, and ultra-fast execution. A pioneer in using AI-powered smart trading tools, CFI delivers innovative, user-friendly solutions for traders of all levels. The group enhances financial awareness through multilingual educational content and maintains a commitment to excellence through high-profile partnerships—with AC Milan, FIBA Wasl, MI Cape Town, and the Department of Culture and Tourism – Abu Dhabi. With Sir Lewis Hamilton, seven-time Formula 1 World Champion, as its global brand ambassador, CFI reinforces its shared values of innovation, success, and community engagement. For more information:
Zawya
6 days ago
- Business
- Zawya
Jordan: ASE, UN launch sustainability guide for SMEs
AMMAN — The Advisory Committee on Sustainability and Small and Medium Enterprises, affiliated with the United Nations Sustainable Stock Exchanges Initiative, launched a guiding manual to support the sustainability of small and medium enterprises (SMEs) during a virtual meeting chaired by CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi. The guide aims to enable institutions to integrate the principles of environmental, social, and governance sustainability into their strategies, thereby enhancing their growth and competitiveness both locally and globally, Al Rai Newspaper reported. ASE chairs the committee in partnership with the Philippine Stock Exchange. The committee includes 62 experts from 41 entities in 34 countries, representing regulatory bodies, stock exchanges, and financial institutions. Wathaifi stressed the importance of this guide in light of global economic transformations, noting that sustainability has become a fundamental pillar of long-term growth, especially for SMEs. ASE has been leading several sustainability initiatives since 2016, most notably joining the Sustainable Stock Exchanges Initiative. ASE also required index companies to submit sustainability reports, launching a Climate Disclosure Guide, joining the Carbon Neutrality Initiative, and chairing the Sustainability Committee of the ASE20, the Association of Euro-Asian Stock Exchanges. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
04-07-2025
- Business
- Zawya
Jordan: 100% compliance for companies in submitting annual sustainability report for 2024 — ASE
AMMAN — CEO of Amman Stock Exchange (ASE) Mazen Wathaifi on Thursday said that 100 per cent of the listed companies which are obligated to submit their annual sustainability report for the year 2024, totalling 23 companies, had provided the ASE with the report within the deadline mentioned in the rules issued by the ASE, through the e-disclosure system (XBRL). Wathaifi noted that the Arab International for Education and Investment Company has issued the mentioned report for the first time, the ASE website said. This "high" percentage reflects the compliance of these companies with laws and regulations, as well as their concern for environmental, social and governance (ESG) issues. Wathaifi pointed out that in accordance with the sustainability reporting rules, the companies included in the ASE20 index sample, as well as any company that was part of the mentioned index sample, are required to provide their sustainability report in accordance with the GRI standards. Companies must submit these reports within six months from the end of its fiscal year if it is stand-alone report, or within three months of the end date of its fiscal year if the company incorporated the sustainability report with its annual report, the CEO said. He also indicated that obligating the listed companies in the ASE20 index sample since 2022 to issue a sustainability report came to enhance the attractiveness of listed companies, and to increase transparency and disclosure in the national capital market, especially with regard to compliance with sustainability standards. Sustainability report helps increase knowledge on companies' performance and achievements at all levels and it indicates the company's commitment and interest in environmental, social responsibility and governance issues, in light of the increasing interest in this information by local and foreign investors due to its importance in making investment decisions, he added. Wathaifi also noted that Bank al Etihad Company submitted its first Climate-related Disclosures Report for the year 2024, in accordance with the guidance, regulatory framework, and disclosure policy on climate-related information issued by the ASE, and in aligned with IFRS standards. The report was submitted ahead of the mandatory period set by the ASE, within the regulatory framework, which requires companies included in the ASE20 index sample to submit climate-related disclosures in two phases: the first being voluntary, starting in 2026 for 2025 data, and the second mandatory, starting in 2027 for 2026 data. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan News
28-06-2025
- Business
- Jordan News
Amman Stock Exchange Launches New Mobile App "Boursa" - Jordan News
Amman Stock Exchange Launches New Mobile App "Boursa" Mazen Wathaifi, CEO of the Amman Stock Exchange (ASE), announced the launch of its new mobile application, "Boursa", for iOS and Android devices, starting Sunday. اضافة اعلان This new app marks a significant advancement in the digital services offered by the ASE to investors and market followers. It delivers a modern, comprehensive, and user-friendly platform that allows real-time tracking of listed and unlisted securities, including market depth and executed trades. Users can also monitor trading activity by sector, market, and most active stocks, with features like customizable watchlists and a live ticker. The app also provides company disclosures, stock exchange news, and official bulletins. "Boursa" will replace the existing ASELive and ASE News apps, offering a more advanced and flexible solution for mobile operating systems. Wathaifi encouraged investors, market watchers, and those interested in Jordan's capital market to download the new app via the App Store and Play Store, and enjoy a new, information-rich market tracking experience through an intuitive interface. (Petra)
Zawya
05-05-2025
- Business
- Zawya
Jordan: Net profits of ASE-listed companies stand at $795mln in Q1 2025
AMMAN — CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi on Sunday said that the after-tax profits attributable to shareholders of public shareholding companies listed on the Amman Stock Exchange (ASE), which provided their financial data, rose to JD564.4 million in the first quarter of 2025. Wathaifi said that the figure marked an increase of 7.6 per cent, compared with JD524.6 million during the same period in 2024, the Jordan News Agency, Petra, reported. He added that the pre-tax profits for these companies also increased, reaching JD804.3 million in the January-March period of 2025 compared with JD758.1 million in the corresponding period of 2024, marking a 6.1 per cent rise. At the sectorial level, the CEO said that the after-tax profits for the industrial sector grew by 10.1 per cent, while the financial sector saw an 8.9 per cent increase. The services sector recorded a 12.7 per cent decline in profits, he pointed out. Wathaifi noted that these positive results in the first three months of 2025, in light of the geopolitical and economic challenges facing the region and the world, highlight the 'resilience, strength and capacity' of the national economy to overcome such risks 'efficiently'. He attributed these results to the 'effectiveness' of the implemented economic policies, the advancement of projects under the Economic Modernisation Vision, ongoing structural and legislative reforms, improved business environment and investment climate. Wathaifi said that the national economy has achieved several positive indicators, including a 2.5 per cent growth rate in 2024, a 5.8 per cent surge in total exports exceeding expectations, and foreign currency reserves surpassing $22 billion. The CEO also said that 94 per cent of the 160 companies listed on the ASE have submitted their reviewed interim financial statements for the period ending March 31, within the deadline, through the electronic disclosure system XBRL. He stressed that this percentage reflects the 'strong' commitment of listed companies to the applicable laws and regulations, and the principles and standards of disclosure and transparency. Wathaifi added that according to ASE's listing requirements, all listed companies are obligated to submit their reviewed financial statements, audited by their external auditors, within the designated period. He stressed that the ASE has made these statements available on its official website [ under the circulars and disclosures section (Quarterly Data). © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
