Suspension of Live Sheep Import Licenses from Syria - Jordan News
— (Petra News Agency)
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Housing Bank Launches Jordan's First Supply Chain Finance Program for Reverse Factoring - Jordan News
Housing Bank Launches Jordan's First Supply Chain Finance Program for Reverse Factoring Housing Bank has announced the launch of Jordan's first supply chain finance program, offering reverse factoring of trade invoices in a move that reinforces its leadership in financial innovation. The program digitally integrates the bank's trade finance system with CreditPlus, Jordan's first digital platform specialized in supply chain finance. اضافة اعلان The new program aims to empower small and medium-sized enterprises (SMEs), which are the backbone of the Jordanian economy and key suppliers of goods and services. This is done by providing them with innovative, sustainable, and lower-cost financing solutions compared to traditional means. By ensuring continued cash flow within supply chains, the program helps SMEs maintain operations, supporting job creation and economic growth in Jordan. This launch aligns with Housing Bank's commitment to fostering a more inclusive and sustainable business environment by addressing the financing challenges faced by SMEs, which represent a significant segment of businesses in the Kingdom. It also reflects the bank's ongoing efforts to enhance Jordan's digital financial infrastructure by adopting advanced financial technology solutions that facilitate easy, non-traditional financing and expand financial inclusion. The program offers a range of digital trade finance solutions, including invoice financing and reverse factoring, enabling SMEs to improve their liquidity, accelerate growth, and enhance competitiveness. Suppliers can collect payments for their invoices earlier and at a lower financing cost, based on confirmed transactions and the credit standing of their buyers, without the need for traditional guarantees or prior credit limits. Additionally, the platform supports the digitization of financial and commercial operations for SME suppliers, enabling seamless integration with stakeholders while enhancing operational efficiency, invoice management, and reducing operational risks. This initiative builds on Housing Bank's comprehensive suite of products and services for SMEs, which includes tailored financing programs, advanced electronic services, and a wide range of trade finance solutions. The launch, in partnership with award-winning fintech CreditPlus, further demonstrates the bank's strategy to consolidate its position as a leader in digital transformation in the banking sector. Notably, the program aligns with Housing Bank's strategy to strengthen its leadership in digital transformation across both operational and banking services. It marks a significant addition to the bank's comprehensive suite of digital solutions and channels, which includes specialized banking programs for children and youth, a nationwide network of modern branches and ATMs with interactive screens, and a 24/7 call center, all designed to provide high-quality service and support to individuals and businesses across Jordan.
Ammon
8 hours ago
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JCC president calls to boost Agricultural cooperation between Jordan, Syria, and Lebanon
Ammon News - The president of the Jordan and Amman Chambers of Commerce has called for the formation of a trilateral agricultural partnership between Jordan, Syria, and Lebanon, describing it as a strategic step toward enhancing regional food security and sustainable economic growth. During a meeting held Tuesday evening with the head and members of the Syrian Syndicate of Agricultural Engineers, Senator Khalil Al-Haj Tawfiq, who chairs both chambers, emphasized the need to consolidate the comparative advantages and shared agricultural strengths of the three countries. He said such collaboration would serve as a platform for regional integration in agricultural production and food systems. According to a statement issued Wednesday by the Amman Chamber of Commerce, Al-Haj Tawfiq underscored the importance of developing a joint agricultural calendar between Jordan and Syria. Such a move would help regulate import and export flows and ensure steady supplies of agricultural products across borders. He stressed that agricultural cooperation should go beyond trade in goods to include deeper economic integration, improved supply chain linkages, and expanded technical cooperation between the two countries. This, he said, would allow for broader knowledge-sharing and more efficient movement of goods. President of the Syrian Agricultural Engineers Syndicate, Mustafa Al-Mustafa, expressed appreciation for Jordan's consistent support under the leadership of His Majesty King Abdullah II, and praised existing public-private partnerships between the two countries. He highlighted Syria's interest in expanding cooperation to support its agricultural sector and attract new investment. Al-Mustafa also pointed to Syria's extensive fertile lands as a promising opportunity for joint ventures in both production and agri-investment. He said Syria is open to all initiatives that contribute to reconstruction and development and is committed to providing the necessary facilities to foster stronger economic ties with Jordan. Jordanian Agricultural Engineers Syndicate President Ali Abu Nuqta and Agricultural Materials Syndicate President Saleh Al-Yaseen also stressed the importance of continuous coordination between public institutions and private stakeholders. They noted that joint initiatives would strengthen food security in the region and contribute to long-term sustainability. Jordan, they said, remains ready to provide both technical and logistical support, and to facilitate agricultural investments that advance mutual economic interests and strengthen regional integration. Members of the two chambers highlighted the value of transferring Jordanian expertise in agri-technology, farm management, and marketing to the Syrian sector, particularly in efforts to rehabilitate agricultural supply chains and improve production efficiency. They also pointed to the reopening of the Bab Al-Hawa border crossing between Syria and Turkey as a potential channel for the flow of Jordanian fruits and vegetables into Turkish and European markets. This, they said, would reduce logistics costs, improve competitiveness, and boost exports of Jordanian produce. The meeting concluded with an agreement to organize a Jordanian agricultural delegation to Damascus, including representatives from plant and livestock sectors, fertilizer companies, producer associations, exporters, and professional unions. The two sides also agreed to create a shared digital database of producers, importers, exporters, and agri-investment opportunities in both countries. The aim is to foster joint ventures, expand trade, and restore commercial volumes to pre-crisis levels, while addressing any obstacles to economic cooperation. Petra
Jordan News
a day ago
- Jordan News
21-Carat Gold Priced at 68.6 Dinars in Local Market - Jordan News
21-Carat Gold Priced at 68.6 Dinars in Local Market The selling price of 21-carat gold—the most popular among citizens in the local market—reached 68.60 Jordanian dinars per gram on Tuesday morning, while the buying price stood at 66.40 dinars. اضافة اعلان According to the daily bulletin issued by the General Syndicate of Owners of Jewelry and Goldsmith Shops, the selling prices per gram for other gold purities were as follows: 24-carat: 78.60 dinars 18-carat: 61.00 dinars 14-carat: 46.30 dinars — (Petra News Agency)
