Housing Bank Sponsors Residential Housing at King's Academy - Jordan News
It is worth noting that Housing Bank's recent support for King's Academy, a leading non-profit school, stems from the bank's belief in the role the school plays as a model for schools in Jordan and the world. It is committed to providing need-based financial grants to approximately 50% of its students, aligning with its transformative mission, centered on providing pioneering and unprecedented educational opportunities for promising youth, enabling the youth to make change within their communities and beyond.
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Jordan News
2 days ago
- Jordan News
Housing Bank and EBRD Raise Awareness on Sustainable Investment Through Dialogue Session - Jordan News
Housing Bank, in collaboration with the European Bank for Reconstruction and Development (EBRD), held a specialized dialogue session with a group of large and medium-sized corporate clients to raise awareness on the importance of the green economy and the role of green financing in achieving it. The session also introduced attendees to the financial opportunities and products offered by Housing Bank to support investment in sustainable projects. اضافة اعلان The session is part of the strategic partnership between the two banks, which aims to support the transition to a more sustainable, efficient, and resilient economy. The initiative promotes investment in green projects and environmental sustainability efforts, including resource conservation, improved consumption efficiency, and reducing environmental impact. This dialogue is a step in the implementation of a $15 million financing agreement signed in 2023 under the Green Economy Financing Facility (GEFF) program managed by the EBRD, along with a $75 million agreement signed in 2025 to finance productive and sustainable projects outside the capital. The session covered key topics related to green finance and the green economy, including the increasing shift toward sustainable projects, the competitive advantages of investing in such ventures, and the exclusive benefits of the GEFF program. It also addressed eligibility criteria, application processes, and showcased successful green projects funded under the program. This initiative reflects Housing Bank's commitment to strengthening the banking sector's role in ensuring economic sustainability by adopting responsible financial practices aligned with global trends. It also highlights the bank's dedication to engaging with clients and empowering them with the knowledge needed to leverage its green financing solutions.
Jordan News
3 days ago
- Jordan News
In the Presence of Princess Ghida Talal, Housing Bank Renews Strategic Partnership with King Hussein Cancer Foundation
In the Presence of Princess Ghida Talal, Housing Bank Renews Strategic Partnership with King Hussein Cancer Foundation In the presence of HRH Princess Ghida Talal, Chairperson of the Board of Trustees of the King Hussein Cancer Foundation and Center, and Abdel Elah Al-Khatib, Chairman of the Board of Housing Bank, the bank has officially renewed its strategic partnership agreement with the King Hussein Cancer Foundation (KHCF) for the years 2025 and 2026. اضافة اعلان The agreement was signed by Ammar Al-Safadi, CEO of Housing Bank, and Nisreen Qatamish, Director General of KHCF. This renewed partnership continues a longstanding collaboration aligned with the bank's corporate social responsibility program, 'Imkan Al-Iskan', which focuses on the key pillars of health, education, and social empowerment. Commenting on the renewal, Al-Safadi stated: 'Our continued support for the King Hussein Cancer Foundation over the years reflects our deep belief in the importance of sustainable partnerships and collective solidarity to strengthen our impact in tackling health challenges, especially cancer. We view this as a shared responsibility to provide hope and make a tangible difference in the lives of patients and their families.' Qatamish expressed her gratitude to Housing Bank for its ongoing commitment, adding: 'This generous support will help us further our humanitarian mission to provide comprehensive care to as many cancer patients as possible, in accordance with the highest international standards.' Under the renewed agreement, Housing Bank will continue supporting KHCF's annual 'Haflet Al-Khair' charity gala, which raises funds for cancer care. Additionally, the bank will support: The university scholarship program for students battling cancer The Sewar Al-Hussein volunteer program Comprehensive care initiatives for patients facing economic and treatment-related hardships This collaboration reaffirms both institutions' shared commitment to building a more compassionate and resilient society.
Jordan News
11-06-2025
- Jordan News
Jordan's Leather and Garment Industry Exports Reach 90 Countries Worldwide - Jordan News
Jordan's Leather and Garment Industry Exports Reach 90 Countries Worldwide Jordan's leather and garment industry — the oldest in the region — has significantly expanded its export footprint, now reaching around 90 countries globally. This growth reflects the sector's competitiveness and high quality standards. اضافة اعلان The industry, which dates back to the establishment of the first tannery in 1921, has received considerable support from the Jordanian state under the leadership of His Majesty King Abdullah II. This support, along with Jordan's trade agreements with major global trade blocs, has made the sector attractive to foreign investors. Over the past decade, the sector has seen a remarkable transformation, with investments increasing by 150%, from $420 million to over $1 billion today. Jordan's Economic Modernization Vision has set ambitious goals for the sector, including: Increasing employment levels Raising value-added by 10% annually to reach approximately $1.8 billion Boosting production from $5.5 billion to $8.8 billion by 2033 Attracting $3.1 billion in new investments in the coming years The number of operational enterprises has surged from 600 at the end of the 20th century to 1,000 today, with production branches spread across several governorates. In 2024, the sector achieved a record-high export growth of over 24% compared to 2023 — the highest since 2010 — reaching $2.4 billion, which accounts for 21% of total industrial exports. Eng. Ihab Qadri, representative of the leather and garment industries sector at the Jordan Chamber of Industry, told the Jordan News Agency (Petra): 'This growth clearly reflects the sector's development and its regained momentum in foreign markets, despite the regional and global economic challenges over the past two years.' He attributed this growth mainly to the gradual recovery in demand from the U.S. market, which accounts for 80% of the sector's exports, along with export expansion into European markets, particularly the Netherlands and Belgium. Qadri emphasized that the sector is entering a promising phase, and stakeholders must build on recent achievements by boosting product competitiveness and diversifying exports into non-traditional markets. He also noted that the sector still has untapped export potential worth over $752 million, according to World Trade Center estimates — a key factor in achieving the ambitious goals set in the Economic Modernization Vision. Qadri highlighted that the sector holds the largest share of employment opportunities, with over 96,000 workers, an 8% growth, of whom 31% are Jordanians. The Vision also sees the sector playing a vital role in job creation, with a target to generate 149,000 job opportunities out of the one million total aimed for in the coming years. Qadri also pointed to progress on the establishment of a fully integrated industrial cluster for the leather and garment sector, supported by the International Finance Corporation (IFC). The project has reached an advanced stage, with feasibility studies completed and work underway to finalize incentive packages and determine the geographic location. Promotional campaigns are also being prepared to attract investment and Jordanian labor. The establishment of this integrated industrial cluster is one of the key initiatives supporting the Economic Modernization Vision, especially in light of challenges such as the scarcity of raw materials, which represent nearly 60% of total production costs. Qadri explained that the cluster aims to fill supply chain gaps and reduce delivery times, enhancing the sector's ability to expand globally and increase exports. He emphasized that sustained progress in the sector depends on its ability to adopt technological advancements, implement sustainable practices, and enhance integration with supporting sectors like transport and logistics — all of which would help position Jordan as a competitive industrial and export hub in the region. Qadri concluded by stressing the importance of effectively implementing the initiatives outlined in the Economic Modernization Vision, particularly through the upcoming sector-specific strategy under the national industrial policy. This strategy aims to enhance the sector's competitiveness, productivity, value-added, and product/export diversification through public-private collaboration. (Petra)
