Latest news with #Petra
Zawya
21 hours ago
- Business
- Zawya
Jordan: IPP index records 0.27% decline in first four months of 2025
AMMAN — The Industrial Producer Price (IPP) index for the first four months of 2025 reached 106.97 points, compared with 107.26 points for the same period in 2024, marking a decline of 0.27 per cent, the Department of Statistics' (DoS) monthly report showed on Thursday. According to the report, the decline was "primarily" attributed to a 0.23 per cent decrease in manufacturing prices and a 1.33 per cent drop in extractive industries prices, while electricity prices saw a modest increase of 0.18 per cent. On a monthly basis, the PPI for April 2025 stood at 106.60 points, compared with 107.41 points in April 2024, marking a year-on-year decrease of 0.75 per cent, the Jordan News Agency, Petra, reported. In terms of commodity breakdown, the decrease in April 2025 index compared with the same month in 2024 was mainly due to a 0.94 per cent decline in manufacturing prices. Prices in the extractive industries sector rose by 0.49 per cent, while electricity prices increased by 1.02 per cent. Compared with the previous month, the PPI for April 2025 also fell, registering 106.60 points versus 107.21 points in March 2025, reflecting a 0.57 per cent monthly decrease. This monthly drop was driven by a 0.66 per cent decrease in manufacturing prices, despite slight increases of 0.04 per cent in extractive industries and 0.24 percent in electricity prices. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Al Bawaba
2 days ago
- General
- Al Bawaba
Eid Al-Adha holiday announced
Amman, May 28 (Petra) – Prime Minister Jafar Hassan announced on Wednesday that the official public holiday for Eid al-Adha will take place from the morning of Thursday, June 5, 2025, through the evening of Tuesday, June 10, 2025. During this period, all government ministries, official departments, public institutions, universities, municipalities, joint service councils, the Greater Amman Municipality, and government-owned companies will be closed. However, the announcement noted that entities whose operations require continuous activity will remain open. //Petra// WH 28/05/2025 11:59:59
Zawya
3 days ago
- Business
- Zawya
Jordan: ASEZA advances water, trade, green projects
AMMAN — The Aqaba Special Economic Zone Authority (ASEZA) board of commissioners on Tuesday approved the registration of the "National Carrier Project" company within the zone. This move allows the company to benefit from the zone's incentives, paving the way for the launch of this "critical" water project, which will desalinate Red Sea water and transport it to the capital, the Jordan News Agency, Petra, reported. The ASEZA took several 'strategic' steps aimed at boosting investment, accelerating national infrastructure efforts, and promoting sustainability in the region. In a bid to strengthen Aqaba's role as a "regional" logistics hub, the board also endorsed new guidelines that will enable companies not formally registered in the zone to engage in "transit" trade. The board of commissioners decided to approve the signing of a memorandum of understanding to facilitate the integrated and sustainable management of textile waste within the ASEZA. The recycling textile waste project aims to promote the green economy and encourage sustainability in the industrial sector. This initiative is part of a broader effort to promote a circular economy and reinforce Aqaba's transformation into an environmentally friendly, green city. The board also approved the "revised" zoning plans for the village of Dabbat Hanout. This decision is part of the authority's vision to regulate and develop Dabbat Hanout village in coordination with relevant entities, addressing existing irregularities to ensure proper land division, consolidation, regulatory amendments, and the removal of violations on state-owned lands. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Business Upturn
3 days ago
- Business
- Business Upturn
DMG Blockchain Solutions Inc. Announces Enablement of Carbon Neutral Bitcoin Transactions via Systemic Trust Company
By GlobeNewswire Published on May 28, 2025, 02:10 IST VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) ('DMG' or the 'Company'), a vertically integrated data center and digital asset technology company, announces that DMG's digital asset custody subsidiary, Systemic Trust Company ('STC') has added the capability to send bitcoin in a regulatory compliant and carbon neutral manner. This enablement is the keystone that bridges the key pillars of DMG's carbon-neutral Bitcoin ecosystem – STC, whose platform is built on Fireblocks' custody solution, and Terra Pool, the world's first carbon neutral Bitcoin mining pool. By utilizing Fireblocks, a proven and trusted solution for wallet infrastructure, users can be assured of the security and integrity of their digital asset holdings when they are stored and subsequently sent. In turn, DMG's Petra technology empowers bitcoin transactions from STC's Petra-enabled wallets to be sent via Terra Pool, which removes the risk of commingling with nefarious actors and utilizes energy from carbon neutral energy sources, a highly sought after capability increasingly demanded by financial institutions globally. DMG's CEO, Sheldon Bennett, commented: 'Integrating Petra technology with Fireblocks' custody solution achieves a key milestone for enabling DMG's carbon neutral Bitcoin ecosystem, as it allows not only Systemic Trust being able to send bitcoin in a regulatory-compliant and carbon neutral manner but also the much larger ecosystem of Fireblocks' 2000+ customers. Our goal remains to provide financial institutions, government and enterprises choice as to how they transact bitcoin, and this is a key advancement that can broadly give them that choice, all the while advancing our burgeoning collaboration with Fireblocks.' About Terra Pool Terra Pool is the world's first carbon neutral Bitcoin mining pool, designed to reward miners with carbon neutral bitcoin. It plays a crucial role in advancing a carbon neutral Bitcoin ecosystem. When integrated with DMG's subsidiary, Systemic Trust, a digital asset custodian, financial institutions and content creators gain the ability to send bitcoin in a regulatory-compliant and carbon neutral manner. About Systemic Trust Company Systemic Trust Company is a qualified custodian fully regulated under the Alberta Loans and Trust Corporations Act, ensuring client digital assets are managed with the highest standards of compliance and security. Systemic Trust combines regulatory compliance, cutting-edge technology and robust insurance coverage to deliver the ultimate digital asset custody experience. About DMG Blockchain Solutions Inc. DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG's carbon neutral Bitcoin ecosystem, which offers financial institutions the choice to send bitcoin in a regulatory-compliant and sustainable manner. For additional information about DMG Blockchain Solutions and its initiatives, please visit Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights. For further information, please contact: On behalf of the Board of Directors, Sheldon Bennett, CEO & DirectorTel: +1 (778) 300-5406 Email: [email protected] Web: For Investor Relations: [email protected] For Media Inquiries:Chantelle BorrelliHead of Communications [email protected] Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG's strategies and plans, the potential and expectations of STC and Terra Pool, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company's products and services, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of Gen AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and Gen AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs (which includes energy costs), increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Ammon
4 days ago
- Politics
- Ammon
Momani: Independence Day celebrations reflect national unity
Ammon News - Minister of Government Communication Mohammad Momani has described Jordan's 79th Independence Day celebrations as a powerful expression of national unity, loyalty, and pride, emphasizing that the events went beyond mere festivities to embody the spirit of belonging that defines the Jordanian people. In a statement published on his official platforms, accompanied by a video capturing scenes from celebrations across the Kingdom, the minister expressed appreciation to all public and private institutions involved in organizing the events. He praised their behind-the-scenes efforts in presenting the national occasion in a manner worthy of Jordan's heritage and aspirations. The minister highlighted the role of national media, commending its professional and comprehensive coverage, which he said helped deliver the joy of the occasion into homes across the country. He noted that media coverage played a key role in accurately conveying the atmosphere on the ground. Security agencies were also recognized for their significant contribution, with the minister praising their professionalism and effectiveness in ensuring the smooth and safe execution of the events. Their efforts, he said, were instrumental in preserving public order during the nationwide celebrations. The statement also acknowledged the support of the private sector and community partners, whose sponsorships and initiatives contributed to the success of the occasion. The minister emphasized that such partnerships reflect a shared commitment to national values. Concluding his message, the minister thanked all Jordanians who took part in the celebrations, whether by attending events or raising the national flag. He noted that this popular engagement represents the core of national celebrations and affirms the collective pride in Jordan's independence. Petra
