Latest news with #WaleedAli
Zawya
04-03-2025
- Business
- Zawya
Jordan: Ramadan boosts business despite inflation concerns
AMMAN: As Ramadan unfolds, Jordan's commercial sector experiences a notable surge in activity, with businesses across various industries benefiting from heightened consumer demand. Supermarkets, local markets, and retail stores are seeing increased sales as families stock up on essential goods, traditional foods, and festive items for Iftar and Suhoor. Retailers report a significant rise in demand for staple products such as flour, sugar and dairy. 'Ramadan is always our busiest season, and this year is no exception. We have increased our stock levels to ensure availability and meet customer needs,' said Waleed Ali, a supermarket owner in Amman. Similarly, local food manufacturers have ramped up production to maintain a steady supply of Ramadan essentials. Despite the sales boost, inflation remains a concern, particularly with rising import and transportation costs. 'Prices have gone up due to supply chain challenges, but we are working on promotions and bulk discounts to support consumers during this period,' said Saleem Tawfiq, a wholesale trader. Beyond retail, the hospitality sector is also benefiting from the season, with a surge in iftar bookings and catering orders. Restaurants are reporting an increase in reservations, with many offering set menus to accommodate families and corporate gatherings. Traditional markets selling dates, sweets, and Ramadan decorations are also experiencing higher foot traffic compared with previous months, according to Omar Awwad, president of the Jordan Association for Restaurants and Sweet Shops Owners. Despite economic challenges, businesses remain optimistic, adapting their strategies to balance affordability with seasonal demand. 'Ramadan is a time of generosity, and we do our best to reflect that in our pricing and service,' Awwad said. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
03-03-2025
- Business
- Jordan Times
Ramadan boosts business despite inflation concerns
As Ramadan unfolds, Jordan's commercial sector experiences a notable surge in activity, with businesses across various industries benefiting from heightened consumer demand (File photo) AMMAN — As Ramadan unfolds, Jordan's commercial sector experiences a notable surge in activity, with businesses across various industries benefiting from heightened consumer demand. Supermarkets, local markets, and retail stores are seeing increased sales as families stock up on essential goods, traditional foods, and festive items for Iftar and Suhoor. Retailers report a significant rise in demand for staple products such as flour, sugar and dairy. 'Ramadan is always our busiest season, and this year is no exception. We have increased our stock levels to ensure availability and meet customer needs,' said Waleed Ali, a supermarket owner in Amman. Similarly, local food manufacturers have ramped up production to maintain a steady supply of Ramadan essentials. Despite the sales boost, inflation remains a concern, particularly with rising import and transportation costs. 'Prices have gone up due to supply chain challenges, but we are working on promotions and bulk discounts to support consumers during this period,' said Saleem Tawfiq, a wholesale trader. Beyond retail, the hospitality sector is also benefiting from the season, with a surge in iftar bookings and catering orders. Restaurants are reporting an increase in reservations, with many offering set menus to accommodate families and corporate gatherings. Traditional markets selling dates, sweets, and Ramadan decorations are also experiencing higher foot traffic compared with previous months, according to Omar Awwad, president of the Jordan Association for Restaurants and Sweet Shops Owners. Despite economic challenges, businesses remain optimistic, adapting their strategies to balance affordability with seasonal demand. 'Ramadan is a time of generosity, and we do our best to reflect that in our pricing and service,' Awwad said.
Zawya
19-02-2025
- Business
- Zawya
Jordan: Inflation continues to drive food price increases, sparking concerns ahead of Ramadan
AMMAN: Food prices in Jordan have increased by 3.1 per cent in January, marking the third consecutive month of rising costs, according to the Department of Statistics (DoS). The uptick aligns with a broader surge in consumer prices, indicating persistent inflationary pressures. The latest World Bank report highlighted fluctuations in the Kingdom's price index, noting a 1.2 per cent increase in December and a 2.6 per cent rise in November. October saw a slight dip of 0.7 per cent, following a marginal 0.1 per cent uptick in September. Food prices had risen by 2.8 per cent in August, 2.6 per cent in July, 2 per cent in June, and 2.1 per cent in May. With Ramadan approaching, concerns over rising food costs are intensifying, as Jordanian households brace for higher consumption during the holy month. 'The prices of essential goods, particularly imports, have been steadily climbing, putting added pressure on both consumers and retailers,' said Waleed Ali, a supermarket owner in Amman. Many citizens are expressing frustration with the ongoing price hikes. 'We expect price increases before Ramadan each year, but this time, the rise feels more significant,' said Ahmed Rakan, a father of three. Khaled Odeh, an employee at a supermarket chain in Amman, said, 'Despite the rising prices, there are still many discounts and offers for Ramadan shoppers.' In response to growing concerns about food security, the Jordanian Food Security Council recently approved its Food Security Action Plan for 2025-2027. The council has also proposed elevating its status to the 'Supreme Council for Food Security,' which would be chaired by the prime minister, to strengthen its role in ensuring market stability and a sustainable food supply. As inflationary pressures persist, policymakers and industry stakeholders continue to monitor price trends closely, seeking measures to mitigate the economic impact on households ahead of Ramadan. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
18-02-2025
- Business
- Jordan Times
Inflation continues to drive food price increases, sparking concerns ahead of Ramadan
With Ramadan approaching, concerns over rising food costs are intensifying, as Jordanian households brace for higher consumption during the holy month (JT file) AMMAN — Food prices in Jordan have increased by 3.1 per cent in January, marking the third consecutive month of rising costs, according to the Department of Statistics (DoS). The uptick aligns with a broader surge in consumer prices, indicating persistent inflationary pressures. The latest World Bank report highlighted fluctuations in the Kingdom's price index, noting a 1.2 per cent increase in December and a 2.6 per cent rise in November. October saw a slight dip of 0.7 per cent, following a marginal 0.1 per cent uptick in September. Food prices had risen by 2.8 per cent in August, 2.6 per cent in July, 2 per cent in June, and 2.1 per cent in May. With Ramadan approaching, concerns over rising food costs are intensifying, as Jordanian households brace for higher consumption during the holy month. 'The prices of essential goods, particularly imports, have been steadily climbing, putting added pressure on both consumers and retailers,' said Waleed Ali, a supermarket owner in Amman. Many citizens are expressing frustration with the ongoing price hikes. 'We expect price increases before Ramadan each year, but this time, the rise feels more significant,' said Ahmed Rakan, a father of three. Khaled Odeh, an employee at a supermarket chain in Amman, said, 'Despite the rising prices, there are still many discounts and offers for Ramadan shoppers.' In response to growing concerns about food security, the Jordanian Food Security Council recently approved its Food Security Action Plan for 2025-2027. The council has also proposed elevating its status to the 'Supreme Council for Food Security,' which would be chaired by the prime minister, to strengthen its role in ensuring market stability and a sustainable food supply. As inflationary pressures persist, policymakers and industry stakeholders continue to monitor price trends closely, seeking measures to mitigate the economic impact on households ahead of Ramadan.
