Latest news and articles about Jordanian economy from NEX English
The Jordanian Senate has approved the 'Insurance Contracts Law' and returned it to the House of Representatives for further discussion. This law is part of efforts to enhance the insurance sector in the kingdom.
Jordan's Minister of Energy and Mineral Resources, Saleh Al-Dabbas, announced that exempting the floating storage vessel from fees will enhance national energy security. This decision is part of the government's efforts to stabilize energy supplies and boost the national economy.
Jordan is grappling with increasing economic challenges due to the repercussions of the Iranian war, which directly affects the country's economic stability. The Jordanian government is seeking new strategies to address these pressures.
Jordan's Prime Minister, Jaafar Hassan, announced a ban on air conditioning and heating in all government ministries and public institutions to address the country's economic challenges. This decision comes amid rising economic pressures and aims to reduce public spending and improve energy efficiency.
The government announced a gasoline price increase of only <strong>9 piastres</strong> instead of <strong>24 piastres</strong>, aiming to alleviate financial burdens on citizens amid challenging economic conditions.
The Oman Stock Exchange recorded a trading volume of <strong>13.8 million dinars</strong>, reflecting significant activity in the financial market. This performance comes at a time when the Jordanian economy is undergoing important transformations.
The European Chamber of Commerce in Jordan has announced new initiatives aimed at strengthening trade and investment cooperation between Jordan and European countries. This move reflects the Kingdom's efforts to boost its national economy and attract foreign investments.
Jordan's Minister of Government Communication, Mohammad Momani, affirmed that the kingdom is effectively managing regional events, emphasizing the importance of national security and mitigating crisis impacts.
The Jordanian government is under increasing pressure due to economic and security challenges stemming from the Iranian war. The potential declaration of a state of emergency has raised concerns among citizens, leading to a surge in food and fuel purchases.
The Jordanian government has announced an 11% increase in fuel prices as part of efforts to address the rising economic challenges stemming from the war in Iran. This decision aims to balance local market needs with global economic pressures.
The Jordanian government has announced a permanent plan aimed at regulating spending and protecting consumers. This initiative seeks to enhance economic stability and improve citizens' living standards amidst multiple economic challenges.
The Jordanian Oil Derivatives Pricing Committee announced a fuel price increase effective April 1, with a rise of up to 15%. This decision comes amid changing global economic conditions.
The Jordanian government has announced an increase in gasoline and diesel prices while keeping kerosene prices stable. This decision comes amid the difficult economic conditions faced by citizens.
The Jordanian government announced an increase in gasoline and diesel prices for April 2023, with some categories exceeding a 10% rise. This decision comes in response to the ongoing increase in global oil prices.
The Greater Amman Municipality announced a 50% reduction in allowances and bonuses as part of a comprehensive expense rationalization plan. This initiative aims to enhance financial efficiency and alleviate economic burdens.
The Jordanian Minister of Industry and Trade announced a comprehensive plan aimed at ensuring the availability of basic commodities and stabilizing their prices in the local market. This initiative comes amid the economic challenges facing the country.
Jordan's Prime Minister, Jaafar Hassan, announced new measures aimed at rationalizing government spending, including restrictions on vehicle use and halting non-essential travel amid current economic conditions.
The Jordanian House of Representatives has approved an amendment to the Competition Law following modifications made by the Senate. This decision aims to enhance competition in the local market and improve the business environment.
Tourism in Jordan faces new challenges due to escalating military tensions between the United States and Israel on one side and Iran on the other. This regional conflict threatens the stability of the vital tourism sector in the country.
The Hashemite Kingdom of Jordan boasts a strong economic reputation, facilitating its access to financing markets even during crises. This reputation reflects the stability of the Jordanian economy and its ability to adapt to challenges.
The Amman Chamber of Commerce and the Jordanian Association of Incoming Tourism discussed the challenges facing the tourism sector in Jordan during an extensive meeting. The focus was on enhancing cooperation between the commercial and tourism sectors to address current crises.
The Oman Stock Exchange recorded a trading volume of <strong>15.6 million dinars</strong>, reflecting significant activity in the financial market. This increase comes at a time when the Jordanian economy is undergoing important transformations.
The East Amman Investors Association approved its administrative and financial reports during its annual meeting, reflecting progress in the association's performance and its role in enhancing investments in the region. The meeting included discussions on the achievements made over the past year.
The Jordanian government is taking steps to mitigate the rise in fuel prices instead of passing the full cost onto the local market, aiming to alleviate inflationary pressures on citizens.
The number of building permits in Jordan has significantly increased by <strong>19.6%</strong> this year, with approximately <strong>20,000</strong> new permits issued. This growth reflects a recovery in the construction sector amid various economic challenges facing the country.
Amid escalating regional tensions, Jordanians are increasingly returning to gas lanterns and traditional cooking methods, despite government assurances about energy supply stability. This shift reflects growing public concern over the potential impacts of ongoing conflicts in the region.
Jordanian citizens eagerly await the end of this month for the announcement of new fuel prices, with expectations of an increase. The Energy Authority has confirmed that the rise will be minimal, but discussions about its implications are intensifying.