EU to invest $1.4 billion in artificial intelligence, cybersecurity and digital skills
"Securing European tech sovereignty starts with investing in advanced technologies and in making it possible for people to improve their digital competences," European Commission digital chief Henna Virkkunen said. Reuters
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Aqaba port sees 18.8% growth in inbound containers
Ammon News - Container volumes at Aqaba Container Terminal (ACT) recorded a sharp increase in the first half of 2025, driven by stronger trade activity and improved regional shipping conditions, according to data released by the Jordan Logistics Syndicate. The number of inbound containers through the port reached 235,492 between January and June, marking an 18.8% rise from 193,214 containers during the same period last year. Outbound containers carrying Jordanian exports also climbed 8%, reaching 52,214, compared with 48,303 in the first half of 2024. Monthly figures showed continued momentum. In June alone, inbound container volumes increased by 6.6% year-on-year to 40,629, while outbound traffic edged up 1.5% to 9,050 containers. Jordan Logistics Syndicate President Nabil Al-Khatib said the rise reflects a steady improvement in shipping activity through Aqaba since the beginning of the year. He cited increased transit traffic, particularly toward Syria, and renewed confidence in Red Sea shipping lanes as key factors contributing to the growth. "The rebound in regional maritime stability has led to more frequent vessel calls at Aqaba," Al-Khatib said, noting that the port is also seeing a notable rise in vehicle imports, both new and used, via roll-on/roll-off ships and containers. He added that growing investment in transport infrastructure and logistics services in Aqaba is helping support the port's performance, with positive implications for Jordan's broader trade and economic outlook. "The revival of operations at Aqaba Container Terminal, compared to previous years, will have a direct impact on trade activity and the transport sector, which remains a major driver of the national economy," he said. Founded in 2007, the Jordan Logistics Syndicate represents stakeholders in the country's freight forwarding and logistics sectors. It is a member of the International Federation of Freight Forwarders Associations (FIATA), a non-governmental organization established in 1926 in Vienna. Petra
Ammon
5 hours ago
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Jordan records trade surplus with 10 Arab countries
Ammon News - Jordan posted a trade surplus with ten Arab countries during the first third of 2025, driven by a notable increase in national exports and the continued expansion of regional trade partnerships, according to official trade data. Figures from the Department of Statistics show that Jordan's exports to countries within the Greater Arab Free Trade Area (GAFTA) grew by 19.6% year-on-year, reaching JD1.117 billion, up from JD934 million in the same period of 2024. Imports from GAFTA members also rose, increasing by 15.7% to JD1.822 billion compared to JD1.575 billion last year. The total trade volume between Jordan and the bloc reached JD2.94 billion, up from JD2.5 billion. Despite an overall trade deficit with GAFTA countries amounting to JD705 million, an increase from JD641 million last year, Jordan achieved a trade surplus with ten countries: Iraq, Lebanon, Kuwait, Syria, Palestine, Algeria, Bahrain, Yemen, Libya, and Morocco. In contrast, trade deficits were recorded with Saudi Arabia, the UAE, Egypt, Qatar, Oman, Tunisia, and Sudan. Arab markets accounted for the largest share of Jordan's export destinations during the period, representing 40.6% of total national exports. Saudi Arabia remained Jordan's top export market within the bloc, receiving JD338 million worth of goods, a 23.4% rise from the same period last year. Iraq followed with JD273 million in exports, up 17.7%. Exports to Syria showed the sharpest growth, soaring by 453.8% to JD72 million. Saudi Arabia also continued to be Jordan's largest source of imports, with inbound goods valued at JD993 million. This contributed to a trade deficit of approximately JD655 million with the Kingdom during the period. Jordan's main exports to Arab countries included fertilizers, pharmaceuticals, fresh and frozen fruits and vegetables, salts, skincare products, processed foods, furniture, textiles, clothing, and paints. On the import side, key products included crude oil and petroleum derivatives, jewelry, food items, plastic sheets and panels, titanium dioxide, polyethylene, polystyrene, iron, and related goods. The Greater Arab Free Trade Area, which came into effect in January 2005, is a regional economic alliance among 18 Arab countries aimed at boosting trade and economic integration through reduced tariffs and simplified customs procedures. Officials say the growing trade with Arab partners aligns with the objectives of Jordan's Economic Modernization Vision, which targets stronger regional integration, export growth, and diversification of trade partnerships. Petra
Ammon
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Musk announces forming of 'America Party'
Ammon News - The tattered bromance between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump's "big, beautiful" tax bill would bankrupt America. A day after asking his followers on his X platform whether a new U.S. political party should be created, Musk declared in a post on Saturday that "Today, the America Party is formed to give you back your freedom." "By a factor of 2 to 1, you want a new political party and you shall have it!" he wrote. The announcement from Musk comes after Trump signed his self-styled "big, beautiful" tax-cut and spending bill into law on Friday, which Musk fiercely opposed. Musk, who became the word's richest man thanks to his Tesla car company and his SpaceX satellite firm, spent hundreds of millions on Trump's re-election and led the Department of Government Efficiency from the start of the president's second term aimed at slashing government spending.
