Third Edition of AHLI FINTECH Hackathon Concludes, Top 10 Fintech Solutions Selected for Incubation - Jordan News
It is noteworthy that the Crown Prince Foundation was established in 2015 to embody the vision of His Royal Highness Crown Prince Al Hussein bin Abdullah II to build a bright future for youth in Jordan and his underlying belief that youth are integral to shaping the future of the Kingdom. The Crown Prince Foundation provides opportunities for youth through three pathways: Economic participation, Leadership, and Sustainable Community Development. The Foundation operates in 27 locations across the Kingdom, including offices in all governorates, providing opportunities to more than 2.2 million young men and women annually.
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Jordan News
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- Jordan News
Jordan's Steady Fiscal Path: A Balanced Approach to Growth and Debt Management - Jordan News
Amid ongoing global and regional economic uncertainty, Jordan continues to make meaningful strides in strengthening its fiscal position and preserving macro-financial stability. Recent figures underscore the effectiveness of the government's disciplined approach to debt management, fiscal consolidation, and monetary stability — all of which reaffirm investor confidence in Jordan's economic trajectory. اضافة اعلان According to the latest data released by the Ministry of Finance, by the end of June 2025, Jordan's public debt (net of Social Security Investment Fund holdings) had declined to approximately JD 35.3 billion, bringing the debt-to-GDP ratio down to 91%, a gradual but important improvement from the 93% level recorded earlier in the year. This reflects the government's prudent debt strategy, which favors diversified, lower-cost financing tools such as sukuk issuance and concessional borrowing, while simultaneously reducing exposure to high-yield international debt markets during a period of elevated global interest rates. On the monetary front, foreign reserves remain solid at USD 22 billion, offering comfortable coverage of 8 to 9 months of imports, while gold reserves have expanded to JD 5.455 billion, highlighting the central bank's proactive reserve management in response to persistent geopolitical and economic uncertainties. In terms of real economic performance, the Jordanian economy continues to show signs of resilience. GDP growth reached 2.7% in the first quarter of 2025, supported by structural reforms aimed at enhancing competitiveness and stimulating private sector activity. Inflation remains contained at 1.98%, underscoring the credibility of the Central Bank's monetary policy framework. Nonetheless, external sector imbalances persist, with the current account deficit standing at 7.7% of GDP — highlighting the need for continued efforts to boost export capacity and reduce reliance on energy imports. At the policy level, Jordan has maintained a careful balance between fiscal responsibility and social stability under the leadership of His Excellency Prime Minister Dr. Jafar Hassan and his economic team. Recent government initiatives — including tax reductions on vehicles, expanded healthcare allocations, and full coverage for cancer treatment — reflect a pragmatic policy approach. These efforts aim to mitigate the social impact of reform while staying aligned with the broader objectives of the Economic Modernization Vision. On the international front, Jordan's reform progress continues to receive strong recognition. The International Monetary Fund (IMF) recently concluded its third successful review under the Extended Fund Facility (EFF), unlocking a cumulative USD 595 million in disbursements to date. The Fund has commended Jordan's commitment to sound macroeconomic policies, structural reform, and fiscal discipline — all designed to build resilience, accelerate growth, and enhance job creation. A Model of Measured Reform Jordan's current trajectory showcases a measured and credible model of fiscal consolidation and structural reform. Amid heightened global volatility, the Kingdom's ability to preserve monetary stability, improve debt dynamics, and maintain steady growth signals a policy framework rooted in resilience, discipline, and long-term strategic clarity — a framework that continues to reinforce Jordan's reputation as a reliable and stable destination for investment in an otherwise uncertain region.
Al Bawaba
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Bitcoin surges over USD$120,000 for the first time
Bitcoin has surged past USD$120,000 for the first time, marking yet another record in what's shaping up to be a monumental rise. Strong ETF inflows and a solid macro backdrop have helped drive market momentum and that momentum keeps driving new all-time highs. The pace of gains in recent weeks reflects not just growing demand, but the growing maturity of bitcoin as an asset class, according to Josh Gilbert, Market Analyst at eToro. What we're seeing now is sustained interest, supported by structural inflows, rather than short-term speculation. That matches the most crucial shift, which is who's buying. Institutional adoption is growing, and this is the first real bull market where institutional participation is front and traded companies are now adopting bitcoin as part of their treasury strategy, with some making multi-billion-dollar allocations. At the same time, retirement funds and sovereign wealth funds are starting to gain exposure through ETFs, adding to the wave of demand chasing a fixed banks keep running expansive monetary policies and global money supply keeps rising. In that environment, an asset with fixed, decentralised supply cements itself as an alternative store of retail adoption is still only getting started. Bitcoin as an asset in an investment portfolio is still in its infancy, and that in itself creates a huge opportunity for bitcoin and crypto to flourish over the next decade. This is just the beginning of widespread adoption, seamless integration with traditional finance, and robust regulatory frameworks. As performance continues, trust builds and adoption grows bitcoin is fast becoming a 'must have' in an investment portfolio with its strong risk-adjusted returns. Looking ahead, continued institutional allocation feels inevitable, especially with an improving regulatory environment and that will serve as a tailwind for bitcoin through the rest of 2025.
Jordan News
12-07-2025
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Gold Price for 21-Karat Reaches JD 68.10 in Local Market - Jordan News
Gold Price for 21-Karat Reaches JD 68.10 in Local Market The selling price of 21-karat gold, the most in-demand among citizens in the local market, reached JD 68.10 per gram on Saturday, while the buying price stood at JD 65.90 from jewelry stores. اضافة اعلان As for other gold karats, the selling prices per gram were as follows: 24-karat: JD 78.30 18-karat: JD 60.60 14-karat: JD 46.00 According to Rabhi Allan, President of the General Syndicate of Owners of Jewelry and Goldsmiths Shops, the price of the Rashadi gold lira (7 grams) was JD 474, while the English gold lira (8 grams) was priced at JD 542. Allan told the Jordan News Agency (Petra) that the yellow metal closed its weekly global trading on Friday at USD 3,354 per ounce. – (Petra)
