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Saudi Arabia ‘has deposited $334m in Jordan’s central bank’

DUBAI: Saudi Arabia has deposited $334 million in Jordan’s central bank and is working with Kuwait and the UAE for more financial support, Finance Minister Mohammed Al-Jadaan was quoted by broadcaster Al Arabiya as saying. Saudi Arabia alongside Kuwait and the UAE put together a $2.5 billion package in June to help shore up Jordan’s struggling economy. Jordan’s government fell ... Read More »

Israeli Special Ops Troops Thwart Smuggling of Guns from Jordan

Soldiers of the Border Police’s Tactical Brigade and IDF forces on February 7 thwarted the smuggling of dozens of handguns from Jordan into Israeli territory, the Border Police. This was a complex operational activity that combined very advanced technological means with combat soldiers who operated in a number of ways, including observation, ambushes and confidential methods of operation,” the commander ... Read More »

Time for investors to take another look at Jordan — ambassador

AMMAN: The London initiative, which will be held on February 28, is the start of a much longer process to unlock investment, growth and jobs for the Kingdom while sending a message of support, British Ambassador to Jordan Edward Oakden said. The ambassador, whose country will co-host the high-profile conference along with the Jordan, said the initiative will kick off ... Read More »

Is Iran Smuggling Weapons From Jordan Into the West Bank?

Reports emerged in early February that Fatah’s Tanzim military arm in the West Bank has been purchasing weapons smuggled from Syria through Jordan to arm itself for the succession battle when Palestinian Authority leader Mahmoud Abbas’s rule comes to an end. The reports may still be unconfirmed, but we should take note of what is going on in southern Syria, ... Read More »

Jordan ranks 4th in region on economic freedom index; experts outline shortfalls

AMMAN: Jordan was ranked 4th among 14 countries in the Middle East and North Africa region (MENA) in the 2019 Index of Economic Freedom, but economists say more needs to be done to promote investment. The country has been awarded an economic freedom score of 66.5, placing it 53rd globally in the 2019 index, launched by the Heritage Foundation think ... Read More »

Ambassador leaves office in Brazil and returns to Jordan

(MENAFN – Brazil-Arab News Agency (ANBA)) São Paulo ‒ The Jordanian ambassador in Brazil, Malek Eid Otalla Twal , left office this Friday (15) to return to his country of origin. The diplomat arrived in Brazil in the beginning of February 2014 and oversaw the embassy for five years. Previously he worked in countries such as Germany, France, Italy, Austria ... Read More »

Non-Jordanian ownership at the ASE reaches 51.6%

AMMAN: The total value of shares bought by non-Jordanian investors in January was JD26.3 million, representing 29 per cent of the overall trading value, while the value of shares sold by the same bracket amounted to JD 26.1 million, according to the ASE website. Subsequently, net non-Jordanian investment in January reflected an increase by JD0.2 million, compared with a decrease ... Read More »

IMF to start 2nd review of Jordan’s economy

AMMONNEWS: The International Monetary Fund (IMF) will start conducting the 2nd review of Jordan’s economy under a 700-million-U.S.-dollar Extended Fund Facility on Jordanian Ministry of Finance said in an emailed statement. The IMF mission will spend two weeks in Jordan meeting with several officials, including officials at the Finance Ministry and the Central Bank of Jordan. The IMF’s visit is ... Read More »

Trade worries sour CEOs’ mood as leaders converge on Davos

Chief executives across the world have grown a lot more pessimistic about the global economic outlook due to trade disputes and tense relations between major powers, a survey showed on the eve of the World Economic Forum (WEF) in Davos. The Pricewaterhouse Coopers (PwC) survey of nearly 1,400 CEOs found that 29 per cent believe global economic growth will decline ... Read More »

Jordan buys 60,000 tonnes hard wheat in tender, optional origin

Jordan’s state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender for up to 120,000 tonnes which closed on Tuesday, traders said. It was bought at $269.95 a tonne c&f for shipment in the first half of March. Seller was trading house Ameropa. Two other companies took part in the tender, ... Read More »

Jordan’s economy forecast to grow by 2.3% this year

AMMAN: Jordan’s economy is expected to grow by 2.3 per cent in 2019 and witness a slight increase in 2020 and 2021, according to a World Bank report. In its “2019 Global Economic Prospects” report, the World Bank indicated that Jordan’s economy is expected to achieve a growth rate of 2.4 per cent in 2020 and 2.7 per cent in ... Read More »

Jordan Retrieves 58 Smuggled Antiquities from Canada

The Jordanian Antiquities Department announced that a number of Jordanian smuggled artifacts that were confiscated by the Canadian authorities have been returned to Amman. The Department of Antiquities said in a statement: “The Jordanian Embassy in Canada has completed the procedures of returning archaeological artifacts to Jordan and commissioned a specialized shipping company to pack, secure and ship the pieces ... Read More »

Border Guards foil drug-smuggling attempt on eastern borderline

AMMAN: The Eastern Military Zone on Monday foiled an attempt to smuggle large amounts of narcotics through the border, the Jordan News Agency, Petra, reported. The military forces implemented the rules of engagement after observing a vehicle trying to cross the Jordanian border, the source said. The smugglers escaped and the military forces inspected the vehicle and seized 702,000 narcotic ... Read More »

Jordanian army kills four smugglers crossing border from Syria

AMMAN: Jordanian border guards killed four people and detained two others attempting to sneak into the Kingdom Sunday, the army said, adding that it had also foiled two bids to smuggle drugs. “An infiltration operation was foiled after watching six people attempt to cross the Jordanian (border),” an unnamed military official said in a statement. “The rules of engagement were ... Read More »

Jordanian arrested for plot to smuggle six Yemenis over the Mexican border

A man from Jordan was arrested in New York City for attempting to smuggle six Middle Easterners into the United States by way of the Mexican border, according to the Justice Department. Moayad Heider Mohammad Aldairi, who resides in Monterrey, Mexico, was taken into custody at John F. Kennedy International Airport after disembarking an international flight. Several federal agencies accuse ... Read More »

Japanese businesses ‘keen on benefitting from Kingdom’s economic incentives’

AMMAN: Representatives of major Japanese companies on Monday affirmed their keenness to expand their investments in Jordan in a number of vital sectors. Speaking in interviews with the press after meeting with His Majesty King Abdullah in Tokyo, executives of major Japanese companies who are members of the Jordan-Japan Friendship Association noted the incentives offered by Jordan’s economy to investors ... Read More »

Jordan says Israel wants to discuss border land deals

AMMAN: Jordan said Israel had asked for consultations on a special land deal agreed upon in their peace treaty that the Jordanian government wants to end. Under the peace treaty, two border areas were recognized to be under Jordanian sovereignty but gave Israel special provisions to use the land and allow Israelis free access. Jordan formally notified Israel two weeks ... Read More »

Jordan says Israel wants to discuss border land deals

AMMAN: Jordan said Israel had asked for consultations on a special land deal agreed upon in their peace treaty that the Jordanian government wants to end. Under the peace treaty, two border areas were recognized to be under Jordanian sovereignty but gave Israel special provisions to use the land and allow Israelis free access. Jordan formally notified Israel two weeks ... Read More »

Jordan, Turkey Best of Friends, Moving to Sustain Free Trade Deal

“Jordan and Turkey face common challenges. The two countries enjoy deep and distinguished ties and they need to join forces to work and cooperate for a better Middle East, a matter that will play a key role in fulfilling desired objectives,” the ambassador said on the occasion of the 95th anniversary of the founding of the Turkish Republic, which the ... Read More »

Indonesian businesses ink Jordan, Palestine contracts

Six Indonesian companies have signed contracts worth US$21.4 million with their counterparts from Jordan and Palestine during the recent 33rd Trade Expo Indonesia (TEI) at the Indonesia Convention Exhibition (ICE) in Tangerang, Banten. The Indonesian companies signed the contracts with Jordan’s Al Bushnaq Trading Co. food & beverage company and Jozor Al Malayo for Import & Export, as well as ... Read More »