Orange Jordan: Royal Support is the Cornerstone for the Development of the Telecom and IT Sector - Jordan News
Additionally, Orange Group invested in the innovative Jordanian fintech project "Envoice Q," which adds significant value to the financial technology scene.
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Jordan Times
16 minutes ago
- Jordan Times
National exports rise 9.2% in first 5 months of 2025 — DoS
AMMAN — The Kingdom's national exports recorded a 9.2 per cent increase during the first five months of 2025, reaching a total value of JD3.578 billion, compared with JD3.276 billion during the same period in 2024, the Department of Statistics' (DoS) monthly foreign trade report showed on Sunday. The value of re-exports also rose by 2.3 per cent, amounting to JD360 million by the end of May this year, up from JD352 million for the same period last year, according to the Jordan News Agency, Petra. As a result, Jordan's total exports climbed by 8.5 per cent to JD3.938 billion, compared with JD3.628 billion in the January-May period of 2024. Imports rose by 8.6 per cent, reaching JD8.135 billion by the end of May, compared with JD7.439 billion for the same period last year. This increase widened the trade deficit, defined as the difference between total exports and imports, to JD4.197 billion, up from JD3.865 billion during the same period in 2024, marking an 8.6 per cent rise. Despite the widening deficit, the export-to-import coverage ratio held steady at 48 per cent during the first five months of 2025, matching the same ratio recorded during the corresponding period last year. In May alone, total exports reached JD901 million, including JD826 million in national exports and JD75 million in re-exports. Imports for the month stood at JD1.581 billion, resulting in a trade deficit of JD680 million. Compared with May 2024, total exports in May 2025 grew by 2.4 per cent, driven by a 4.8 per cent increase in national exports. Re-exports declined by 18.5 per cent, while imports fell by 5.6 per cent. These shifts led to a 14.5 per cent decrease in the trade deficit for the month. The export coverage ratio for May alone rose to 57 per cent, compared with 53 per cent in May 2024, marking an improvement of four percentage points.
Jordan News
a day ago
- Jordan News
Jordan's Qualification for the World Cup a Promising Economic Opportunity for Industrial Sectors
President of the Jordan Chamber of Industry, Eng. Fathi Al-Jaghbir, emphasized that Jordan's qualification for the FIFA World Cup presents a valuable economic opportunity for several industrial sectors, including leather and garment industries, food and beverage production, packaging, and health and medical supplies. اضافة اعلان Speaking to the Jordan News Agency (Petra), Al-Jaghbir stated: 'This historic achievement should not be viewed merely as a sports victory, but rather as a true economic and export platform that enhances the Kingdom's industrial presence on the global map.' He added that this opportunity lies in its potential to merge Jordan's national identity with its industrial products, helping to promote the Kingdom both culturally and economically on the international stage, while boosting exports and opening new global markets for Jordanian industries. Al-Jaghbir highlighted that World Cup qualification offers a strategic platform to expand industrial exports into promising markets. He stressed the need for smart promotional campaigns that highlight the quality of Jordanian products while showcasing their cultural identity. He also called for the preparation of a comprehensive national industrial marketing strategy, built on a genuine public-private partnership, and focused on tapping into more than $4 billion worth of untapped export opportunities in the industrial sector. The momentum surrounding the World Cup, Al-Jaghbir noted, is a chance to build consumer trust in Jordanian products through national campaigns and seasonal exhibitions that link sports identity with national industry, fostering a positive image of Jordanian industry—not just as a commodity but as a symbol of identity and excellence. He pointed out that the industrial sector recorded an outstanding performance during the first third of 2025, considered one of the best in the past two decades, despite ongoing regional challenges impacting supply chains and export markets. The sector contributed over one-third of Jordan's GDP growth. This performance, he explained, is mainly due to exceptional growth in the manufacturing sector, which increased by 11% in the first quarter of 2025—the highest growth rate in more than 17 years. This growth is a vital indicator of the recovery and expansion of Jordanian industries, despite regional and global challenges related to supply chains and production costs. According to Al-Jaghbir, Jordanian industrial exports reached their highest historical level during the first third of this year, growing by 8% compared to the same period in 2024. This reflects sustained positive export momentum. Exports reached 2.5 billion dinars in the first third of 2025, compared to 2.3 billion dinars during the same period in 2024. This growth was driven by a notable increase in exports across six main industrial sectors, including a 133% surge in construction materials, 24% in food products, 12% in chemicals, and 14% in packaging. Apparel and engineering industries both grew by 6%. Al-Jaghbir praised the government's recent steps and direction, which signal a positive shift in handling the national economy and particularly the industrial sector. He noted that the government is now showing serious interest in stimulating economic growth and forging an effective partnership with the private sector—something the industrial sector has long called for as a foundation for sustainable development. He cited favorable government decisions such as freezing customs duties, providing incentives for several industrial cities, and factory visits by Prime Minister Dr. Jaafar Hassan to learn firsthand about sector challenges—moves that send strong confidence signals to Jordanian industry. Regarding market expansion strategies, Al-Jaghbir said the Chamber has made export diversification and market development its top strategic priority, recognizing the importance of this approach in strengthening the sector's global standing and growth potential, especially amid geopolitical disruptions that have destabilized some traditional markets. Jordan Industry is following a comprehensive strategy focused on opening new export channels. This includes active participation in international trade fairs and specialized events in priority markets, which help introduce global buyers to the diversity and quality of Jordanian products and allow local producers to establish long-term partnerships. He also highlighted the Chamber's efforts in trade networking by organizing trade missions and bilateral meetings in cooperation with chambers of commerce and industry in targeted countries. These initiatives aim to connect Jordanian firms with distributors, importers, and potential partners and create real platforms for export expansion. The Chamber is also investing in specialized market research and analysis, particularly on export realities and global value chains, to help companies identify the most suitable markets for their products based on demand, opportunities, and market access conditions. Jordan Industry has also launched a series of specialized reports to guide industrialists in exploring new markets, including a report titled 'Promising Markets for Jordanian Industry', which outlines countries where Jordanian products have significant untapped potential. The Chamber is preparing to release a second report, 'Regulatory Requirements for Entry into Promising and Non-Traditional Markets,' which analyzes technical and procedural market access requirements, helping industrialists better understand regulatory environments and related variables. A third report will follow, focusing on 'Unconventional Marketing Strategies' to provide innovative tools and digital solutions for breaking into new markets. Al-Jaghbir also emphasized the importance of the Industrial Support and Development Fund, describing it as a realistic and vital step reflecting the government's commitment to enhancing the competitiveness of the industrial sector. In the Fund's first phase, 368 industrial companies reported export increases of over 118 million dinars and total sales growth of 533 million dinars. The initial round, which focused on the food industry, led to a 19% increase in Jordanian employment—creating over 3,200 new jobs, including more than 1,000 for women. It also achieved remarkable progress in energy and water efficiency, with dozens of companies successfully reducing consumption and promoting sustainability—underscoring the sector's move toward innovation and resource optimization. Al-Jaghbir concluded by saying that the industrial sector is inherently capable of transforming any support it receives into real opportunities for growth and development. It is productive, flexible, and capable of using resources effectively to boost productivity and open new markets. These qualities make investment in the industrial sector one of the most impactful forms of economic support in the medium and long term. He added that the second phase of the Industrial Support and Development Fund includes four programs: export promotion through Export House, output-based incentives via the Ministry of Industry, Trade, and Supply, export credit guarantees through the Jordan Loan Guarantee Corporation, and the Industrial Modernization Program by JEDCO. – (Petra – Saif Al-Din Swailha)
Jordan Times
3 days ago
- Jordan Times
JCI issues report on boosting national exports to global markets
AMMAN — The Jordan Chamber of Industry (JCI) on Thursday issued an analytical report designed to bolster industrial export competitiveness and expand the national product's footprint in global markets. The comprehensive report includes technical and regulatory requirements for entering several promising, non-traditional export destinations, the Jordan News Agency, Petra, reported. The publication complements an earlier report, "Promising Markets for Jordanian Industry," which identified an estimated $7.4 billion in untapped export opportunities worldwide. JCI Director General Hazem Rahahleh underscored the report's role in the chamber's strategy to build an "integrated" framework supporting export decision-making. He stressed that global market success transcends "mere" product quality, hinging critically on manufacturers' capacity for international compliance and their grasp of market-specific legislation. Rahahleh highlighted the JCI's commitment to enhancing its analytical and networking tools, in "direct" alignment with the national objectives articulated in Jordan's Economic Modernisation Vision (EMV). The report serves as a practical guide, empowering Jordanian industrialists to navigate the regulatory, health and technical prerequisites for market access, ultimately aiming to diversify and expand Jordan's export base geographically. It provides focused insights into strategic and emerging markets, including the US, the EU, Kenya, Rwanda, Uzbekistan and Kazakhstan. It also analyses key sectors for competitive advantage include food products, chemicals, plastics, pharmaceuticals and medical supplies. For the US market, the report highlights "essential" food export requirements, stressing the Food and Drug Administration (FDA) registration, compliance with the Food Safety Modernisation Act (FSMA), implementation of the Foreign Supplier Verification Programme (FSVP), a food safety plan, and adherence to labelling mandates. Regarding the EU, the report includes technical and environmental regulations governing chemical and plastic exports, such as traceability systems, packaging and environmental safety standards. It also addresses specific requirements for certain food products like potato chips and dairy, including acrylamide reduction protocols and veterinary oversight, aligning with international Codex specifications. In Africa, the report clarifies technical prerequisites for exports to Kenya and Rwanda, particularly for fertilisers and chemicals. The East African Community (EAC) member states require adherence to unified technical standards, encompassing heavy metal testing, multi-language labelling, and local quality and registration certificates. For Central Asian nations, the report includes procedures for exporting pharmaceuticals and medical devices to Uzbekistan and Kazakhstan. The report includes mandatory registration with relevant health ministries and obtaining conformity certificates from the Eurasian Economic Union (EAEU), alongside Uzbek language labelling and the implementation of digital tracking systems like "Asl Belgisi." The report forms part of an ongoing series from the JCI's Studies and Strategies Department, designed to enable national industries to expand into international markets, thereby boosting the value-added contribution of exports to Jordan's Gross Domestic Product.
