logo
Jordan: JSMO tests 51 tonnes of gold, silver in H1

Jordan: JSMO tests 51 tonnes of gold, silver in H1

Zawyaa day ago
AMMAN — The Jordan Standards and Metrology Organisation (JSMO) announced on Saturday that it dealt with about 51 tonnes of locally worked and imported silver and gold jewellery, ingots and coins in the first half of 2025.
JSMO said that the 51 tonnes were subject to inspection and stamping procedures, and were verified according to the approved legal calibre, the Jordan News Agency, Petra, reported.
JSMO Director General Abeer Zuhair said in a statement that the organisation dealt with 5.167 tonnes of gold bullion, 6.3 tonnes of local gold jewellery, and 2.3 tonnes of imported gold jewellery, examined and stamped with JSMO's stamp according to its legal standard.
She added that JSMO also handled 35 tonnes of silver bullion and 2.3 tonnes of silver jewellery in terms of inspection, stamping or technical evaluation.
Zuhair pointed out that JSMO's inspectors carried out supervisory visits to 288 shops and jewellery operators in all governorates of the Kingdom during the first half of the year.
She stressed the organisation's keenness to continue its supervisory efforts in protecting consumers and controlling, the quality of jewellery and precious metals traded in the local market, in a way that ensures justice, transparency and preservation of rights.
Zuhair called on citizens wishing to buy gold, to ask the jeweller to see the JSMO stamp on each piece of gold, and to obtain a detailed invoice containing the name of the shop or the official seal of the shop and the date of sale.
The invoice also should contain the category of jewellery purchased or sold is filled in detail, the legal calibre, the weight in grammes and its parts up to a fraction of a hundred grammes, and the price of the gramme according to the daily bulletin announced by the General Syndicate of Owners of Jewellery and Jewellery Shops.
The invoice should also include the workmanship fee, which expresses the formation fee for the item and is filled in detail for each item, separately.
She also noted that the price of the item shall also consists of the price of the gramme plus the price of the fare, in the weight of the jewellery, and the total amount required.
Zuhair also noted to not hesitate to report any violation to the organisation on phone number 065301243, through the website, the "At Your Service" platform, and through the JSMO pages on social media accounts.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE-built crypto exchange launched by BurjX with Sharia-compliant features in pipeline
UAE-built crypto exchange launched by BurjX with Sharia-compliant features in pipeline

Khaleej Times

timean hour ago

  • Khaleej Times

UAE-built crypto exchange launched by BurjX with Sharia-compliant features in pipeline

A new UAE-based cryptocurrency platform has officially launched with an ambitious plan to reshape digital asset trading in the region — and a long-term vision to offer Sharia-compliant products that meet both regulatory and religious standards. BurjX, co-founded by Canadian crypto entrepreneurs Omar Abbas and Adam Ferris, went live on Tuesday, July 15, with approval from the Abu Dhabi Global Market (ADGM). The platform allows users to trade more than 100 digital assets directly in UAE dirhams, with funds safeguarded under institutional-grade security and compliance frameworks. But while the exchange is now operational, its most distinctive offering — Sharia-compliant crypto products — is still in the works. Stay up to date with the latest news. Follow KT on WhatsApp Channels. 'It's not going to be available from day one,' Abbas clarified to Khaleej Times. 'But we are working on that as a rollout product for sure.' He added that any such offerings will be vetted and approved by recognised Sharia authorities before launch. 'We will partner with the appropriate Sharia boards, and when we do launch, it's going to be approved by the appropriate Sharia regulators,' he said. No definitive timeline has been set. Regulated, secure and easy to use Licenced by the Financial Services Regulatory Authority (FSRA) of ADGM, BurjX is both a broker and custodian. Client assets are stored using Fireblocks, a globally trusted custody solution, and protected by a comprehensive insurance policy covering hot and cold wallets. 'Our clients' investments are safeguarded by Fireblocks — it's institutional-grade custody infrastructure, backed by insurance,' Ferris said during the launch. The platform also supports instant deposits and withdrawals in dirhams, integrated directly with UAE banks. Abbas described this as a key differentiator: 'That's our bread and butter — making it super easy to get your money in and out of crypto in dirhams, with minimal friction.' From a compliance standpoint, the platform incorporates robust onboarding, trade surveillance and wallet risk policies to screen out bad actors. 'We're focused on building something safe, regulated, and secure — not just fast,' Abbas said. Not just for whales — or day traders While built on institutional infrastructure, BurjX is designed to support users of all experience levels. 'Whether you're a first-time trader like my own mother, or managing an institutional desk, we built this for you,' Abbas said. The platform features more than 100 fully vetted digital assets at launch — including major tokens like Bitcoin, Ethereum, Solana, Dogecoin, and others — and spans multiple sectors such as AI, real-world assets and Layer 1 blockchains. 'It's not just about the names,' he explained. 'We're enabling users to build a diversified portfolio across different categories of the market.' For high-net-worth investors, BurjX has launched a Private Client Group and OTC desk, offering personalised execution, deep liquidity and white-glove service. 'It's a premium experience with the clarity of private wealth, the control of institutional-grade execution, and the confidence of a regulated platform,' Abbas added. UAE-first, founder-built — and personally funded BurjX's founders repeatedly emphasised that the platform was not only built in the UAE but designed specifically for the region's investors. 'We are not offshore entities entering the region. We're homegrown and globally headquartered in ADGM,' Ferris said. 'We're building for this region.' Abbas said the team chose to base themselves entirely in the UAE. 'Our entire team — engineers, designers, compliance leaders — is based here,' he said. 'Each one of them is like a partner in the company. They deal with it with care and obsession.' And the founders didn't just commit their time — they risked everything. 'I sold my house, sold a big stake of my Index equity, uprooted my family and landed in the UAE, risking everything on a belief that this region deserves something better.' When asked whether that sacrifice had been worth it, he said: 'If I had known it would take this long — almost three years — I might not have done it. But now that we're here, now that it's Day One, I can tell you it was worth it. This journey took everything out of me. It tested me, personally and professionally. But we showed up every day, and we built something real. Something this region can trust. 'Not just another crypto exchange' The founders describe BurjX as fundamentally different from existing exchanges that have expanded into the region from abroad. 'What you're witnessing today isn't just another crypto trading platform,' Abbas told attendees during the launch event in Abu Dhabi. 'This is the next category leader for the Mena region, built from the ground up in the UAE — the capital of capital.' Abbas previously co-founded NDAX, Canada's largest regulated exchange, which processed over $20 billion in trading volume and served more than 500,000 users. His new venture, he says, is not a copy-paste operation. 'This time, we came to raise the bar. To build something better, something that's homegrown. In a region that's shaping the future of finance.' Despite launching at a time of surging global interest in crypto, BurjX's founders insist they are not chasing headlines. 'We're not here to capture a significant market share,' Abbas told reporters. 'We just want to focus on building a profitable platform, then roll out new products the market needs.' He added that they have no interest in replicating the hype cycle often associated with crypto launches. 'We're not just focused on hype. We're more interested in putting together a product you can comfortably use, trust, and refer your friends to.' Asked what success would look like a year from now, Abbas answered simply: 'Profitability — and being part of a regulated ecosystem that raises the bar.' Why ADGM? 'ADGM was the first regulator to pioneer a comprehensive virtual asset framework,' Abbas noted. 'We knew that if we could meet the bar here, we'd be building on the strongest foundation possible.' Ferris added: 'When you're building a financial services firm, you need a foundation that you can rely on. Even if the bar is high, that's exactly what you want.' The pair believe the UAE offers a combination of regulatory clarity, economic momentum and untapped potential. 'This region, especially the UAE, is going to be even more exponential in growth over the next 10 to 15 years than we've seen before,' Ferris explained. 'You want to be in a market with a stable regulatory framework and serious growth.' 'No more platforms built abroad, operated overseas, and plagued by delays and confusion,' Abbas concluded. 'BurjX is built for us.' As users began scanning the QR code projected on the launch screen to download the app, he added: 'This is just the beginning. Today, the belief becomes real.'

TASC slashes Tech Hiring Time in Saudi Arabia with launch of Tech Vertical AIQU
TASC slashes Tech Hiring Time in Saudi Arabia with launch of Tech Vertical AIQU

Khaleej Times

timean hour ago

  • Khaleej Times

TASC slashes Tech Hiring Time in Saudi Arabia with launch of Tech Vertical AIQU

Saudi Arabia's Vision 2030 is driving a significant surge in demand for technology talent, especially in AI and machine learning. However, many companies face challenges such as lengthy hiring processes, high costs, and limited flexibility, which cause delays that put critical digital projects at risk. Overcoming these obstacles is essential to sustaining the Kingdom's fast-moving digital transformation. AIQU, powered by workforce solutions provider TASC, builds on its established presence in Saudi Arabia by introducing innovative solutions like Deploy-on-Demand, which is designed to cut tech hiring timelines by up to 50 per cent. With a proven track record in Tech Talent, Statement of Work, Digital, and Managed Services, AIQU continues to evolve to meet the Kingdom's growing demand for agile workforce solutions. They enable clients to rapidly fill specialised roles while handling iqama, payroll, compliance, and onboarding, providing pre-verified talent ready to deploy within 2 to 6 weeks, compared to the market average of 3 to 6 months. This innovative solution is already supporting public sector digital programmes, banking and fintech transformations, global consultancies, and rapidly scaling SAP and ERP projects across the country. Industries such as cloud computing, AI, and cybersecurity are expanding faster than available talent can keep pace, creating an urgent tech crunch in Saudi Arabia. Roles like cloud architects, SAP consultants, and data engineers are in high demand, but local expertise remains limited. For specialised skills such as OT/ICS security or data governance, the talent gap is even more pronounced. AP consulting roles, for example, have a local talent shortfall of up to 40 per cent. 'Many businesses simply cannot afford the three to six-month hiring cycles associated with conventional recruitment or global system integrators,' says Tim Harlow, head of AIQU. 'Critical transformation projects cannot wait, yet the complexity of the Saudi recruitment market makes speed challenging. Vision 2030's momentum has created an enormous opportunity for organisations able to close their talent gaps quickly.' System integrators add further cost and complexity with approval processes and onboarding delays, making these models less sustainable. 'Cost, speed, and flexibility are the three pillars every client struggles with. Existing models are too rigid for today's dynamic projects,' Taha Esmail, VP of AIQU added. AIQU's Deploy-on-Demand model is built to overcome these challenges by offering pre-verified, project-ready tech talent mobilised up to 70 per cent faster than traditional hiring models. Clients submit role requirements tied to project deliverables, and AIQU matches candidates from a continuously refreshed bench of regional and international professionals. The service also manages full onboarding, including iqama, payroll, compliance, and Saudization requirements, ensuring faster time-to-productivity and regulatory alignment. Beyond speed, AIQU's approach delivers significant cost savings, typically 30 to 50 per cent compared to traditional system integrators, by cutting multilayered consulting overheads and providing transparent pricing. 'Clients want agility. We enable them to scale teams up or down based on project phases without the cost and complexity of long-term headcount commitments,' said Pinky Mistry, VP of AIQU. AIQU is expanding its pipeline of Arabic-speaking professionals, partnering with local training academies, building offshore development centers and growing its presence across the country. 'Vision 2030's momentum has created a massive opportunity for those who can close talent gaps fast. Our focus is on giving clients the agility they need to keep pace with this transformation,' concludes Tim.

Egypt's production of gold, silver up 14% YoY in FY2024/25: Badawi
Egypt's production of gold, silver up 14% YoY in FY2024/25: Badawi

Zawya

timean hour ago

  • Zawya

Egypt's production of gold, silver up 14% YoY in FY2024/25: Badawi

Egypt's production of gold and silver reached almost 640,000 ounces during fiscal year (FY) 2024/2025, with an increase of about 14% over the previous year, Minister of Petroleum and Mineral Resources Karim Badawi announced. During his speech at the fourth edition of the Egypt Mining Forum 2025, Badawi highlighted that the sales of gold and silver increased by nearly 57% to $1.54 billion in FY 2024/2025. He also announced the production of almost 26 million tons of ores and © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store