Latest news with #economicSupport
Jordan Times
02-08-2025
- Business
- Jordan Times
Jordan loan Guarantee Corporation reports ‘strong' performance in H1 2025
AMMAN — The Jordan Loan Guarantee Corporation (JLGC) on Saturday announced 'strong' financial and operational results for the first half of 2025, driven by notable growth across its various programmes. According to the company's mid-year report, the total value of guarantees issued during the first six months of 2025 reached JD204 million, up from JD178 million in the same period of 2024, the Jordan News Agency, Petra, reported. The company said that this increase reflects its ongoing commitment to enhancing financial inclusion and supporting productive sectors across the Kingdom. JLGC Chairman Adel Sharkas expressed pride in the company's performance, highlighting the strength of its business model and the effectiveness of its strategies. He noted that these results align with the company's mission to support economic growth and expand access to finance, particularly for small- and medium-sized enterprises (SMEs), startups, and export-oriented businesses. The company reported a 3.8 per cent growth in total revenues, reaching JD25.2 million in the January-June period of 2025, compared with JD24.3 million in the corresponding period of 2024, and net profit after tax rose to JD1.79 million, up from JD1.76 million in the same period last year, Sharkas said. He added that as of the end of June 2025, total shareholders' equity stood at JD44.8 million, while the company's total assets reached JD781.3 million. JLGC Director General Adnan Naji highlighted the company's continued developmental role, noting that it guaranteed 831 loans worth nearly JD96 million during the first half of the year, including 111 startup projects valued at JD10.5 million. He also noted the growth of the Micro Enterprise Loan Guarantee Programme, launched two years ago, which has benefited 1,742 companies with total financing of JD13.2 million as of the end of June 2025. In terms of export support, Naji said that the company remained active under its Export Credit and Domestic Sales Guarantee Programme, securing 2,306 export shipments and domestic sales transactions valued at JD107.7 million. Also, 16 new industrial companies from various sectors joined the programme, bringing the total number of active insurance policies to 128, covering exports and sales to buyers in 40 countries around the world. JLGC stressed that these results reflect growing trust from partners in the banking and industrial sectors, the strength of its relationships with financial institutions and exporters, and its continued role as a key enabler of sustainable economic growth and financial inclusion in Jordan.
CNA
09-07-2025
- Business
- CNA
Malaysia central bank lowers key rate to 2.75%
KUALA LUMPUR :Malaysia's central bank cut its benchmark interest rate for the first time in five years on Wednesday, as it looks to support the economy amid a weaker growth outlook and rising uncertainty in global trade. Bank Negara Malaysia lowered its overnight policy rate (OPR) by 25 basis points to 2.75 per cent from 3.00 per cent, where it had been since May 2023, as had been expected by 17 of 31 economists surveyed in a Reuters poll. The ceiling and floor rates of the OPR corridor are correspondingly reduced to 3 per cent and 2.5 per cent respectively, the central bank said in a statement. The rate decision came a day after U.S. President Donald Trump announced a 25 per cent tariff on Malaysian exports to the United States.
Bloomberg
30-06-2025
- Politics
- Bloomberg
Trump Set to Terminate Syria Sanctions Program, White House Says
President Donald Trump will sign an executive order later Monday terminating the US sanctions program, against Syria, White House spokeswoman Karoline Leavitt said, a bid to boost the nation's economy and support the new government after rebels overthrew President Bashar Al-Assad last year. The move is part of an effort to 'promote and support the country's path to stability and peace,' Leavitt said. 'He's committed to supporting a Syria that is stable, unified and at peace with itself and its neighbors.'
Asharq Al-Awsat
14-06-2025
- Politics
- Asharq Al-Awsat
Saudi FM, US Special Envoy for Syria Discuss Steps to Support Syria
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from United States Special Envoy for Syria Thomas Barrack on Saturday. According to SPA, during the call, they discussed steps to support Syria on the economic and humanitarian levels. They also reviewed regional developments and their repercussions on the broader region.
Arab News
14-06-2025
- Politics
- Arab News
Saudi FM, US envoy to Syria discuss latest developments during phone call
RIYADH: Saudi Minister of Foreign Affairs Prince Faisal bin Farhan received a phone call from US Special Envoy for Syria Thomas Barrack on Saturday, the Saudi Press Agency reported. During the call, both diplomats discussed discussed measures to support the Syrian people on both humanitarian and economic levels. Their talks also focused on the latest regional and international updates.
