
Social Security Corporation Honors Workers on International Workers' Day - Jordan News
Furthermore, the SSC called on all employers across economic sectors to prioritize occupational safety and health, ensuring a safe work environment that protects their employees' lives and well-being.
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Jordan News
2 days ago
- Jordan News
Extension for Submitting Applications for the Social Security Excellence Award in Occupational Health and Safety
The Social Security Corporation announced the extension of the application period for the 2024/2025 cycle of the Social Security Excellence Award in Occupational Health and Safety for both establishments and individuals, until August 31, 2025. اضافة اعلان In a statement issued by its Media Center, the Corporation stated that the application forms for the award are available electronically at the bottom of its official website, under the option titled "Excellence Award in Occupational Health and Safety." Through this section, establishments and individuals can also access all the details, objectives, terms, and categories of the award. The Corporation added that all inquiries regarding the award can be addressed by contacting the Occupational Safety and Work Injuries Department via telephone at 065501880, extensions 2112, 2115, or 2107, by email at [email protected], or by visiting the Corporation's official Facebook page under the name Social Security Corporation. It also noted that winning establishments will be honored and awarded based on each economic sector. In addition, there will be an Excellence Award for Individuals in three levels, an award for the Outstanding Occupational Health and Safety Committee across economic sectors and at three levels of participating establishments, and an award for Outstanding Occupational Health and Safety Supervisors at three levels as well.


Jordan News
3 days ago
- Jordan News
Jordan's Central Bank Governor Projects Over 4% Medium-Term Economic Growth - Jordan News
Governor of the Central Bank of Jordan, Dr. Adel Al-Sharkas, affirmed that the national economy continues to grow steadily despite regional geopolitical challenges, thanks to a comprehensive economic modernization vision that redefined Jordan's approach to reform. اضافة اعلان Speaking during a policy dialogue organized by the Jordan Strategy Forum titled "Reform, Stability, Resilience: The Economic Trinity in a Changing World", Al-Sharkas emphasized the transition from reactive, short-term policy approaches to a proactive and integrated strategy aimed at enhancing economic resilience and sustainability. Key Highlights: Growth Outlook: The Central Bank estimates real GDP growth at 2.7% for 2025, with projections exceeding 4% by 2028, driven by large-scale infrastructure projects tied to the Economic Modernization Vision. Macroeconomic Resilience: Jordan's economy is backed by a robust monetary and fiscal framework, institutional strength, and a sound banking sector. These fundamentals have garnered growing international investor confidence, reflected in the declining yields of Jordan's Eurobonds in secondary markets. Growth Performance (2021–2024): The average growth rate stood at 2.9%, the highest since 2010, attributed to improvements in productivity, technological adoption, and human capital development. Investment contributed 40% to this growth, while the external sector accounted for 38%. Export & Energy Performance: National exports reached new markets, with non-traditional exports contributing 20.9% of GDP in 2024, up from 16.2% in 2016. Meanwhile, energy import costs dropped to 7% of GDP, down from a third in 2012, due to diversified energy sources and long-term gas agreements. Tourism and FDI: Despite a slight dip in June due to regional tensions, tourism revenues rose 11.9% in H1 2025, reaching $3.7 billion, with expectations to hit $7.7 billion by year's end. FDI inflows amounted to $1.6 billion (3.1% of GDP) in 2024, and remittances from Jordanians abroad rose to $3.6 billion, projected to reach $3.7 billion in 2025. Monetary Stability: Inflation was kept around 2% in H1 2025. The Jordanian dinar remains strong, supported by $22 billion in foreign reserves, covering 8.4 months of imports. The banking sector continues to expand credit facilities, with loans rising to JOD 35.3 billion in May 2025 and total deposits hitting JOD 47.7 billion. Financial Inclusion & Digital Payments: The Central Bank increased financial inclusion to 43.1% by 2022 and aims for 65% by 2028, while closing the gender gap from 53% to 22%. Digital transactions grew significantly, with over 537 million transactions totaling JOD 55.3 billion in 2024—equivalent to 146% of GDP. Fiscal Outlook: The government aims to reduce the primary deficit to 2% of GDP by 2025, targeting a primary surplus by 2027. The public debt-to-GDP ratio is expected to fall below 80% by 2028. Forward-Looking Plans: Preparations are underway for the 2026–2029 Executive Program of the Economic Modernization Vision, with new initiatives focusing on digitization, fintech, innovation, and expanded financial inclusion. Sectoral Collaboration & Private Dialogue Jordan Strategy Forum Chair Sharif Fares Sharaf emphasized the need for resilient policies amid global instability, while Executive Director Nisreen Barakat reaffirmed the Forum's role in facilitating evidence-based policy discussions. The session also featured input from Nadia Al-Saeed, who stressed the importance of regulatory clarity and effective banking oversight. Topics discussed included virtual asset legislation, SME support, and public-private partnerships in navigating economic uncertainties. Governor Al-Sharkas concluded with a direct Q&A session, addressing key economic concerns raised by forum participants and reaffirming the Central Bank's commitment to sustainable and inclusive growth.


Jordan News
3 days ago
- Jordan News
Al-Khalaileh: Actuarial Study on the Financial Position of the SSC in Final Stages - Jordan News
Acting Director General of the Social Security Corporation (SSC), Dr. Jadallah Al-Khalaileh, confirmed that the actuarial study regarding the corporation's financial position is in its final stages, noting that the figures have not yet been finalized. A comprehensive review of the data and assumptions on which the study is based is currently underway, and the results will be announced with full transparency and clarity once completed. اضافة اعلان Regarding potential amendments to the Social Security Law, Al-Khalaileh clarified that any future proposals to amend the current law will depend on the outcome of the actuarial study, which is still pending. Should the study reveal a need for modifications, the corporation will move forward with those changes through an inclusive national dialogue involving all relevant institutions. Al-Khalaileh emphasized that any future adjustments would aim to preserve the strength and stability of the Social Security Corporation and its financial position, enabling it to fulfill its humanitarian mission. The SSC is an essential pillar of the Kingdom's social and economic protection system. He also stressed the importance of obtaining all information, figures, and data related to the SSC through its official channels, affirming the corporation's openness to cooperation with all national institutions and media outlets. Al-Khalaileh concluded by reaffirming that the overarching goal is to ensure the long-term financial and actuarial sustainability of the Social Security Corporation so that it remains a major insurance umbrella that protects the rights of contributors, in line with its social mission and for the benefit of current and future generations.