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Trade balance deficit down by 10%

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AMMAN — Jordan’s trade balance deficit for the first seven months of 2019 dropped by10 per cent compared to the figure recorded at the end of the same period last year, according to the Jordan News Agency, Petra. The drop resulted from a 5.5 per cent increase in national exports, the new agency explained. According to the Department of Statistics ... Read More »

Trade balance deficit down by 10%

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AMMAN — Jordan’s trade balance deficit for the first seven months of 2019 dropped by10 per cent compared to the figure recorded at the end of the same period last year, according to the Jordan News Agency, Petra. The drop resulted from a 5.5 per cent increase in national exports, the new agency explained. According to the Department of Statistics ... Read More »

Launch of the Jordan Ireland Business Association

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The Jordan Ireland Business Association (JIBA) was officially launched under the patronage of the Minister of Industry, Trade and Supply, Dr. Tariq Hammouri, at a reception held in the St Régis Hotel, Amman, on Wednesday the 11th of September, 2019. The launch of JIBA which follows the opening of the first Embassy of Ireland to Jordan in January of this ... Read More »

Jordan’s trade chamber urges Syria to remove trade obstacles

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The Amman Chamber of Commerce on Sunday called for removing obstacles imposed by the Syrian authorities on Jordanian exports to boost trade exchange between the two countries. In a statement, the chamber said a meeting was held with a delegation from the Damascus Chamber of Commerce to discuss measures to facilitate trade between the two countries. The two sides underlined ... Read More »

Jordan Police, Protesters Clash Over Anti-Smuggling Efforts

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AMMAN, Jordan: Jordan’s official news agency Petra says officials have reached a deal with local representatives to end two days of clashes over government efforts to curb cross-border cigarette smuggling from Syria. The clashes erupted last week between police and protesters in the northern city of Ramtha. Many residents of the impoverished city have made a living selling cigarettes that ... Read More »

Wildlife summit mulls trade rules to counter ‘unprecedented’ species declines

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Conservationists warned of “unprecedented” species declines on Saturday as countries met in Geneva to tighten rules on trade in elephant ivory and products from other endangered animal and plants. Thousands of conservationists and policymakers from more than 180 countries will meet for 12 days to evaluate regulations and species protection listings under the Convention on International Trade in Endangered Species ... Read More »

Jordan Silos company bought 25,000 tonnes wheat in tender-trade

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HAMBURG: Jordan’s state-owned Silos and Supply General Company is believed to have purchased about 25,000 tonnes of wheat in an international tender for the same volume which closed European traders said. The price was believed to be around $234 a tonne c&f. The wheat had been sought for shipment in the first half of September. The state-owned company issues tenders ... Read More »

US arms sales to Saudis, UAE, Jordan needed to deter Iran: Pompeo

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WASHINGTON: Secretary of State Mike Pompeo said the Trump administration had decided to proceed with arms sales to Saudi Arabia, the United Arab Emirates and Jordan in a move bypassing Congress because any delay could increase risk for US partners at a time of instability caused by Iran. “These sales will support our allies, enhance Middle East stability, and help ... Read More »

Jordanian company refuses to sell sand after discovering it is for gas pipeline with Israel

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A Jordanian construction company has refused to sell its sand after discovering the material was to be used in building a gas pipeline linking the country with Israel. Video footage shows workers delivering the sand, realising what it is to be used for, and then loading it back onto their own vehicles again before driving off. “The sand delivery that ... Read More »

IMF mission to begin review of Jordan’s economy

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AMMONNEWS: As part of its process related to the financial and structural reform programme, an International Monetary Fund (IMF) mission is scheduled to start a visit to the Kingdom on Sunday, the Finance Ministry announced. The visit came after the global lending institution has concluded its second review of the national economy’s performance and issued its report, the ministry added. ... Read More »

Jordan: Abbas Rejects Solution To Financial Crisis

Jordan's King Abdullah II (R) welcomes Palestinian president Mahmud Abbas at the Royal Palace in Amman on December 7, 2017. / AFP PHOTO / KHALIL MAZRAAWI

Jordanian officials are reportedly furious at the head of the Palestinian Authority, Mahmoud Abbas, claiming that his conduct regarding the economic crisis facing the PA could result in bankruptcy and violence that threatens to spill over into Jordan, it was reported by the Hebrew daily Israel Hayom. A senior Jordanian source said a proposal to solve the economic crisis was ... Read More »

Jordan issues new tender to buy 120,000 tonnes of wheat

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Jordan’s state grain buyer has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said. The tender deadline is June 12. Traders had expected a new tender after Jordan made no purchase in its previous tender on Tuesday, when only two trading companies participated. Jordan has faced difficulties buying ... Read More »

SNB’s Jordan sees room for more intervention if needed

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Swiss monetary policy is appropriate for now, but policymakers still have room to lower already negative interest rates further or use other policies if necessary, Swiss National Bank Chairman Thomas Jordan said. “There is no reason to change monetary policy,” given the bank’s dropping inflation forecasts and no risk of the country’s economy overheating, Jordan told a news conference on ... Read More »

Jordan, Poland to form taskforce to enhance trade, economic exchange

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AMMAN: Foreign Minister Ayman Safadi received his Polish counterpart Jacek Czaputowicz over means of furthering bilateral cooperation and regional developments. On the sidelines of the meeting, the two ministers signed a memorandum of understanding (MoU) exempting Jordanian and Polish holders of diplomatic passports from entry visas to either country, a Foreign Ministry statement said. The two ministers agreed to form ... Read More »

Escape from Rukban: Syria’s deadly, men-only desert smuggling route

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It was just before sunset last month when a dozen or so young men set out from Rukban, a remote, rocky and desolate settlement that straddles the Syrian-Jordanian border. A long and especially bitter winter had just reached its end. Basic food and medical supplies had been in desperately short supply for months and were continuing to diminish by the ... Read More »

Korean, Jordanian businessmen discuss cooperation

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AMMAN: A trade delegation from the Republic of Korea held business meetings with representatives of Jordanian companies during a visit to the Kingdom last week, according to a statement of the Korea Trade-Investment Promotion Agency (KOTRA). Under the theme of “Jordan-Korea Business Partnership”, the two sides discussed business and investment opportunities and ways to develop and enhance cooperation. The meetings ... Read More »

Korean, Jordanian businessmen discuss cooperation

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AMMAN — A trade delegation from the Republic of Korea held business meetings with representatives of Jordanian companies during a visit to the Kingdom last week, according to a statement of the Korea Trade-Investment Promotion Agency (KOTRA). Under the theme of “Jordan-Korea Business Partnership”, the two sides discussed business and investment opportunities and ways to develop and enhance cooperation. The ... Read More »

Jordan Reportedly Seeking Changes to $10 Billion Gas Deal With Israel

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Israeli energy shares fell media reported that Jordan’s King Abdullah II had ordered a review of his country’s $10 billion agreement to import Israeli natural gas. Citing senior Jordanian political sources, the Saudi-owned paper said the king made the decision “in a technical report that examines Jordan’s interests from the continuation or the freezing of the agreement.” The sources told ... Read More »

Housing Bank to distribute 15% of share nominal value in dividend

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AMMAN: The Housing Bank for Trade and Finance (Housing Bank) will distribute cash dividend to shareholders at a rate of 15 per cent of the share nominal value, according to a statement by the bank. The bank’s general assembly on Thursday approved a recommendation by the board of directors in this regard. During the general assembly meeting, which was presided ... Read More »

Jordan, Cyprus and Greece agree to expand cooperation in vital fields

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AMMAN — His Majesty King Abdullah, Cypriot President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras agreed during their trilateral summit on Sunday at Al Husseiniya Palace to expand cooperation between the three countries in vital sectors, including energy, water, agriculture, tourism, healthcare, education, trade, investment and ICT. The three countries also agreed to encourage their respective private sectors to ... Read More »