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Jordan

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.
  • Jordan king set for tense Trump talks as Gaza truce under strain

    The talks come a day after Trump said he could "conceivably" halt billions of dollars in US aid to both Jordan and Egypt if they refuse to take in Palestinians that he says should be moved out from their homeland. The meeting also comes as the Gaza ceasefire appears increasingly...
  • Yemen peace push: Houthi delegation to visit Saudi Arabia

    The Houthis' visit, expected within the coming days, will raise hopes of a breakthrough in the quagmire conflict that has left hundreds of thousands dead through direct and indirect causes such as famine. It comes five months after Saudi officials held talks in Sanaa, and as a UN-brokered ceasefire continues...
  • Jordan-ASEAN Economic Forum to be held in March 2024, says ACC

    AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with some countries of Association of Southeast Asian Nations (ASEAN) will be held in March 2024. In a statement on Saturday, he said the agreement to set a date for the...
  • Iraqi Trade Center to be launched at ACC’s headquarters in Jordan

    AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at ACC's headquarters ahead the end of 2023.During his meeting with Chargé d'Affairs at Iraqi Embassy, Munif Ali Hussein, ACC Head, Khalil Haj Tawfiq, said Iraq is a "key" trade partner...
  • Leather, knitwear industries contribute 2.4% to GDP, says JCI

    AMMAN, JORDAN - Representative of the leather industries and knitting sector at Jordan Chamber of Industry (JCI), Ehab Qadri, said the sector contributes 2.4 percent of the gross domestic product directly.Qadri noted the sector's exports achieved a "remarkable" growth during the past year by nearly 21 percent, reaching $2.3 billion,...
  • Estithmar opens new subsidiary in Jordan

    The subsidiary was set up in partnership with a Jordanian company.
  • Ryanair inks pact with Joramco

    The airline is likely to carry 300m passengers a year by 2034.
  • Joint Jordanian-Yemeni Business Council to resume activities, says JCC

    AMMAN, JORDAN - President of the Jordan Chamber of Commerce (JCC) Khalil Al-Haj Tawfiq on Saturday discussed with Director General of the Federation of Yemen Chambers of Commerce and Industry (FYCCI) Taha Ahmed Mahbashi, mechanisms for activating work of the Joint Business Council.The Joint Business Council of the two countries...
  • Jordan oil bill falls in H1 2023 compared to H1 2022, says government

    AMMAN, JORDAN  - The value of the Kingdom's oil bill decreased during the first half of 2023 by 15.6 percent, Jordan’s Department of Statistics (DoS) announced. According to the DoS foreign trade report, value of the Kingdom's imports of crude oil, its derivatives and mineral oils went down in the...
  • Jordan secures US$1.9bn in foreign aid amid dire global economic conditions

    Amman, Jordan--Jordan has succeeded in securing US$1.9 billion in foreign aid and negotiations are underway to ramp it to $3.2 billion by the end of the year.Addressing Jordan's financial assistance at a forum convened by the government on the shores of the Dead Sea on Friday, Minister of Planning and...
  • Jordan scuttles attempt to smuggle drugs from Syria

    Amman, Jordan--Jordanian security forces have scuttled an attempt to smuggle narcotics from Syrian territories to Jordan.According to the Jordan News Agency, Petra, the border guards, in coordination with the Anti-Narcotics Department and other military apparatuses, thwarted an attempt by a group of smugglers who tried to cross the Syrian-Jordanian border.The...
  • Jordan exhorts ‘companies, institutions’ to switch to renewable energy

    Amman, Jordan--Jordan is urging "companies and institutions" to switch to renewable and sustainable energy to reduce operating costs.In this regard, the kingdom's Minister of Energy and Mineral Resources Saleh Kharabsheh said Tuesday opportunities exist for cooperation to cut energy consumption across various sectors through implementing programs similar to those of...
  • Jordan, Iraq explore ways to enhance cooperation in drug addiction treatment

    Amman -- Jordan's Minister of Health, Firas Hawari, met with the head and members of the Committee on Combating Drugs and Psychotropic Substances in the Iraqi Parliament on Tuesday to discuss prospects for cooperation in training health staff on the treatment of drug addiction.During the meeting at the ministry, Hawari...
  • Saudi names Nayef al-Sudairi as non-resident envoy for Palestine

    Al-Sudairi, the current ambassador to Jordan, will also serve as consul general in Jerusalem, a new position announced amid speculation about possible future ties with Israel. The file for the Palestinian Territories has traditionally been handled by Saudi Arabia's embassy in Amman.
  • Jordan-Egypt trade expands to US$355.43m in first five months of 2023

    Amman, Jordan--Trade between Jordan and Egypt expanded to $355.43 million in the January-May period of the current year, according to official figures.However, foreign trade data issued by the Department of Statistics (DoF) indicated that the national exports to Egypt in the first five months of 2023 dropped to reach nearly...
  • UAE president and Jordan’s king renew resolve to boost ties

    The talks between Sheikh Mohamed bin Zayed and King Abdullah focused on ways to ramp up cooperation across key strategic sectors, with a particular emphasis on economic partnerships, investment and development opportunities, and other key areas aimed at fostering sustainable development and prosperity in both countries.
  • Jordan and Cyprus to deepen energy, trade, tourism ties

    Amman, Jordan-- Jordan and Cyprus are looking to boost cooperation in energy, trade, industry and tourism sectors in order to deepen the overall partnership between the two countries.In this regard, King Abdullah and Cyprus President Nikos Christodoulides met on Tuesday at Al Husseiniya Palace, and discussed enhancing cooperation in various...
  • Jordan sees surge of investments to US$844.8m in first half of 2023

    Amman, Jordan--Jordan’s economy has seen a 47.6 percent increase in investments in the first half of 2023, according to data released by the government.The kingdom's aggregate investments amounted to $844.8 million in the first six months of the year, up from $571 million over the same period in 2022.According to...
  • Thriving businesses elevate UAE’s position globally

    The country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as a tech hub with 4,000+ startups.
  • Jordan’s investments increase by 47.6% in H1 2023

    Amman, Jordan - Jordan's total volume of investments witnessed a 47.6 percent increase, according to data released by the Ministry of Investment on Sunday. The total investment volume reached JD 598.2 million ($841.6 million), compared to JD 405.3 million ($570.2 million) during the same period in 2022.About 236 investment projects capitalized...
  • GAFTA imports from Jordan shoot up 16.6% to US$1.60bn

    Amman, Jordan-- Exports to Greater Arab Free Trade Area (GAFTA) countries from Jordan increased 16.6%, amounting to $1.60 billion, compared to about $1.38 billion for the same period last year.Foreign trade data issued by the Department of Statistics (DoS) indicated a drop in the value of the kingdom's imports from...
  • Jordan’s exports to EU climb 23.4% to US$192m in first five months of 2023

    Amman, Jordan--Jordan's exports to the European Union (EU) shot up 23.4 per cent during the first five months of 2023 to $192 million compared to $155 million for the same period last year.According to Jordan News Agency (Petra), foreign trade data issued by the Department of Statistics indicated an increase...
  • Jordan okays cybercrime bill despite rights groups warning

    The bill must also be approved by the senate before being ratified by King Abdullah II and published in the official gazette.
  • Jordan and Iraqi PMs renew pledge to boost economic ties

    Baghdad, Iraq-- Jordan and Iraq have renewed pledge to strengthen economic cooperation in a meeting between the kingdom's Prime Minister Bisher Khasawneh, and his Iraqi counterpart, Muhammad Shia'a Sudani, on Monday.In a joint statement, both PMs reaffirmed the strategic nature of the Jordanian-Iraqi relationship and called for efforts to strengthen...
  • Rights groups urge Jordan to scrap ‘draconian’ cybercrime bill

    The Jordanian government recently referred the draft bill to parliament for discussion with a view to amending a 2015 cybercrime law. The amendments would toughen penalties for those seen to have committed cybercrimes including spreading disinformation, with those found guilty potentially facing prison time.
  • Jordan and Algeria look to ramp up trade, parliamentary ties

    Amman, Jordan--Jordan and Algeria are looking to boost trade and parliamentary relations to further enhance bilateral ties between the two countries.The discussion on boosting bilateral ties came up in a meeting between the head of the Jordanian-Algerian Parliamentary Committee Marwa Saoub and Algerian Ambassador to Jordan Abdulkarim Behha on Sunday.During...
  • New Middle East forum aims to combat drug smuggling

    The forum was agreed during talks between Jordanian Foreign Minister Ayman Safadi and Syrian President Bashar al-Assad in Damascus earlier this month as regional concern mounts over an influx of the banned stimulant captagon from Syria. Jordanian security forces have tightened border controls in recent years and occasionally announce thwarted...
  • Arab-Indian Chamber of Commerce to be unveiled soon

    NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon.This was announced in the “Delhi Declaration” at the conclusion of the sixth India-Arab Partnership Conference in New Delhi, local media reports said.The Declaration asserted that “India and the Arab countries are witnessing a new phase...
  • Fund shortage forces UN body to slash aid for Syrian refugees

    AMMAN, JORDAN - The United Nations' World Food Program has announced it would reduce cash assistance to nearly 120,000 Syrian refugees in Jordanian camps, saying the move was "unavoidable as funds run precariously low".The UN logs about 650,000 Syrians in Jordan who fled their native country since war broke out there...
  • Jordan, World Bank sign US$250m agreement to boost water efficiency

    Amman, Jordan--Jordan and the World Bank have signed a $250 million financing agreement for a water sector efficiency project in the kingdom.In this connection, Jordanian Minister of Planning and International Cooperation Zina Toukan and World Bank Country Director for the Middle East Department Jean-Christophe Carret signed Sunday the agreement.Jordan News...
  • 60 percent of Jordan’s consumption contains plastic, rubber, says JCI

    AMMAN, JORDAN - Plastic and rubber products cover 59.7 percent of the Kingdom's domestic consumption, a report by the Jordan Chamber of Industry (JCI) showed.The report indicated that plastic and rubber products are well-established industries in the Kingdom, featuring a variety of types and uses, and contribute indirectly to completing...
  • Jordan and Japan review economic, strategic relationship

    Amman, Jordan-- Jordan and Japan have discussed ways to boost economic cooperation and further strengthen strategic ties between the two countries.In this regard, Jordan's ministers of trade and international cooperation met on Wednesday in Amman with the Japanese minister of state for economy and industry for talks on economic cooperation...
  • Jordan security shoots three fugitives dead near Saudi border

    AMMAN, JORDAN- Jordanian forces have killed three fugitives including two who had recently escaped jail in a raid near the kingdom's border with Saudi Arabia, authorities said on Sunday.Security forces raided on Saturday the hideout of three wanted fugitives "near the kingdom's southeastern border",  Public Security Directorate spokesman Amer Sartawi said...
  • President Assad and Jordan’s foreign minister discuss refugees, drug smuggling

    The focus of the discussion between the two was war refugees and a crackdown on cross-border smuggling, according to Jordan's foreign ministry. The diplomat's visit comes amid an increasing regional engagement with the Assad regime, peaking with Syria's return to the Arab League after years of isolation since Syria's war...
  • Jordan medical, pharmaceutical exports see 30% growth in first 5 months of 2023

    AMMAN, JORDAN  -  The pharmaceutical and medical supplies sector of Jordan has experienced an impressive 29.7 percent growth in exports during the first five months of this year compared to the corresponding period last year.Fadi Al-Atrash, the sector's representative at the Jordan Chamber of Industry, revealed that exports from this...
  • Jordan’s exports to non-Arab Asian countries climb to US$1.16bn in Q1

    Amman, Jordan-- Trade between Jordan and non-Arab Asian countries has shot up in the first quarter of 2023, with the value of the kingdom's exports to the countries surging to about $1.16 billion, compared to about $1.07 billion for the same period last year, according to foreign trade data issued...
  • EIB to finance Jordan’s upgrade of water-supply system with US$66.52mn

    Amman, Jordan--The European Investment Bank (EIB) has approved the provision of $66.52 million for Jordan to upgrade the water supply system and reduce water loss in Bani Kinanah district north of Jordan.The project is intended to improve the quality of drinking water in the targeted districts and reduce water loss...
  • Remittances to MENA may rise by 1.7% after drop in 2022: World Bank

    Dubai, UAE -- Remittance flows to the Middle East and North Africa (MENA) are expected to increase marginally in 2023 and 2024 after witnessing a nearly 4 percent drop in 2022 to $64 billion, a World Bank report said.The remittances are likely to increase by 1.7 percent in 2023 and...
  • Rivals in Yemen discuss possible prisoner swap in Jordan, says Red Cross

    DUBAI, UAE -  Yemen's government and Iran-backed Houthi rebels are locked in talks in Jordan to set the ground for a possible prisoner exchange, a Red Cross official told AFP on Sunday.Yemen's conflict began in 2014 when the Houthis seized the capital Sanaa, prompting a Saudi-led coalition to intervene the following...
  • Jordanian-Saudi royal wedding marks historic union

    The couple exchanged their vows in a traditional Muslim wedding ceremony called "katb al-ketab" in an open-air gazebo adorned with flowers.
  • Royal fever sweeps Jordan ahead of crown prince Hussein’s wedding

    On the big day for the Hashemite kingdom, a key Western ally, the royal red motorcade, reserved for special occasions, will cross the capital Amman to celebrate the bride and groom who are both 28 years old. On Monday, famous musicians from across the Arab world flocked to the Jordanian...
  • Jordan’s total exports up 6 percent in Q1 of 2023

    Amman, Jordan - Jordan's total exports experienced positive growth of 6.3 percent in the first quarter of 2023, reaching a total of JD2.118 billion ($2.98 billion). This is compared to JD1.993 billion ($2.80 billion) recorded in the same period of 2022, according to official figures.Monthly data released by the Department...
  • Energy minister leads UAE delegation to development road conference in Iraq

    ABU DHABI, UAE - Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei headed the UAE delegation to the Development Road Conference in Iraq.The one-day conference brought together transport ministers and officials from the Gulf Cooperation Council, Iran, Turkey, Syria and Jordan and representatives of the European Union and...
  • Trade pacts propel Jordan’s trade to $23bn with partner nations

    Amman, Jordan - Jordan's trade exchange with countries it has free trade agreements with accounted for a significant portion of its overall trade in 2022, amounting to 58 percent, as per data published by the Amman Chamber of Commerce. The total value of these exchanges surpassed $23 billion, with more...
  • EDGE acquires majority stake in MARS Robotics

    Abu Dhabi, UAE - EDGE, a technology and defence group, on Tuesday announced the acquisition of an 80 percent stake in MARS Robotics, a leader in autonomous robotic solutions based in Jordan.MARS Robotics will work closely with EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of...
  • Jordan, Iraq to boost trade through Karama border crossing

    Amman, Jordan-- Jordan and Iraq have discussed ways to boost bilateral cooperation in order to develop trade through Karama border crossing.The discussions were held in a meeting between Jordanian and Iraq ministers in Baghdad, which also focused on ways to combat terrorism, extremism, enhancing border security, countering smuggling and human...
  • Qatar embassy attacked in Sudan as civil war rages

    Air strikes and artillery exchanges shook the Sudanese capital and armed men ransacked the Qatari embassy as the country's warring generals kept up their struggle. Khartoum residents said that heavy fighting raged despite repeated global calls for a truce. The area around the state television building in Omdurman was also...
  • IMF lauds Jordan for monetary policy ensuring macroeconomic stability

    Amman, Jordan--The International Monetary Fund (IMF) has applauded Jordan for its tight monetary and financial policies that have ensured macroeconomic stability and access to international capital markets.The IMF made the remarks at the end of their visit to Jordan after conducting the sixth performance review of the government's economic reform...
  • UAE receives wanted terrorist Humaid Al Rumaithi from Jordan

    Abu Dhabi, UAE -- The UAE has received a terrorist named Khalaf Abd Al Rahman Humaid Al Rumaithi from the Jordanian authorities. The UAE's Federal Supreme Court in 2013 sentenced him in absentia to 15 years in prison on charges of establishing a secret organization affiliated with the terrorist Muslim Brotherhood...
  • 2 million tourists visit Jordan in first quarter of 2023

    Dead Sea, Jordan -- Almost 2 million people visited Jordan in first quarter of 2023, an 87.2 percent increase compared to the first third of 2022, the Tourism Minister of Jordan, Makram Qaisi said Monday.He said that the "tourism sector has begun to recover and grow at a high pace,"...
  • Jordan’s industrial producer-price index shoots up 2.59% in Q1 of 2023

    Amman, Jordan-- Jordan's industrial producer-price index, which generally reflects supply conditions across the economy, climbed up 2.59 percent in the first quarter of 2023, amounting to 137.20 points compared with 133.73 points in the same period of 2022, the Department of Statistics (DoS) revealed on Sunday.The DoS said that the...