Latest news with #Tawfiq
Jordan News
24-06-2025
- Business
- Jordan News
Remembering Tawfiq Kawar - Jordan News
One month after bidding farewell to Tawfiq Amin Kawar, may God bless his soul; even as his passing has left an unfillable void in our hearts, we Jordanians continue to find solace in the enduring legacy he leaves behind. اضافة اعلان With individuals like him, time stands still, for his achievements, and invaluable contributions to our nation will continue to inspire generations to come. He walked quietly through history, leaving behind a trail of lessons, exemplary models, and a legacy that embodies the finest traits of the Jordanian character: perseverance, vision, integrity, and unwavering national loyalty. His life story is an integral part of Jordan's larger narrative of rise and resilience. The Kawar family has long been a symbol of industrious patriotism, with Tawfiq's father, Amin Kawar, pioneering the discovery of phosphate in Russeifa in 1935. Tawfiq not only inherited his father's legacy of great deeds, but redefined and reshaped it with his unique touch. In 1955, he founded Amin Kawar & Sons, establishing a top modern logistics and shipping powerhouse that bolstered Jordan's economy and charted a new course for maritime renaissance. Kawar's contributions extended far beyond business; he played a pivotal role in establishing the Jordan Shipping Association, founded the London-based Multiport Ship Agencies Network (MSAN), an international Club consisting of 171 leading ship agents across 1,500 ports, and served on key boards, including Aqaba Port Corporation, Jordan Phosphate Mines Company, Jordan Chemical Industries Company, Central Bank of Jordan, and Amman Chamber of Commerce. These positions were not merely roles but platforms for his sincere public service. Those who knew him describe a man who shunned the spotlight yet consistently delivered results, standing firmly for what he believed in. Despite towering achievements, Tawfiq remained humble, a respected statesman, and father figure. The most powerful testament to his legacy lies in the enduring noble values he instilled in his sons, Rudain and Karim, who lead the Kawar Group with the same ethos of service, dedication and innovation that defined their father's and grandfather's lives. Tawfiq's story serves as a profound reminder that Jordan's strength lies not only in its institutions, but also in the individuals who quietly and steadily build them. His life deserves to be remembered, not only in business circles but in the hearts and minds of Jordanians, young and old. We owe it to our children and the future of our nation to tell iconic stories like Kawar's proudly, publicly, and permanently, for heroes serve as our best examples in humanity's journey. Though he's gone, his spirit remains, a gentle whisper in our souls, reminding us of the power of love, wisdom, and giving.
Qatar Tribune
14-06-2025
- Sport
- Qatar Tribune
Al Shamal sign up Egyptian footballer Akram Tawfiq
Tribune News Network Doha Al Shamal unveiled their latest signing - Egyptian football player Akram Tawfiq - at an event on Saturday. The 27-year-old Tawfiq said, 'I feel very happy with my decision to sign with Al Shamal Club, especially after the distinguished reception I received from the club's officials. I hope to be up to the responsibility and fulfill the aspirations of the club's fans, who are expecting a lot from the team next season.' He added: 'I am excited about my next stop with Al Shamal Club and I have great motivation. I look forward to contributing to the achievements of this great club, which has a very professional and distinguished management that has great ambitions to raise the club's profile, fulfill the aspirations of its fans, and take the position the club deserves.' Regarding the timing of his decision to leave Al Ahly club, a few days before Al Ahly participated in the Club World Cup, Akram said: 'I have previously played in the Club World Cup four times, and I believe that my decision at this time is correct from my point of view. 'I wish Al Ahly all success at the upcoming Club World Cup.' Mishaal Muqbil Al Ali, Head of the Football Department at Al Shamal club, had earlier expressed his happiness at completing the deal to sign Tawfiq, who plays as a right-back or a defensive midfielder, hoping that he will be a real addition to the team given his technical capabilities. The Head of the Football Department at the club referred to his trip to Cairo with Ahmed Al Sada, Vice President of the Football Department, and Baghdad Bounedjah, the captain of Al Shamal team, to begin negotiations with Akram Tawfiq months ago. He said, 'We received a great welcome from Tawfiq in Cairo, and Bounedjah played a major role in completing the deal. We succeeded in signing a great international player. We wish him all the best and success with Al Shamal Club in the coming period.' Al Ali stated: 'Akram has big ambitions and is a fighter on the field. I believe his presence in the North will contribute greatly, along with his fellow players, to continuing the club's successful journey.' Al Arabi sign goalkeeper Hassan from Al Gharafa Meanwhile, Al Arabi announced the signing of goalkeeper Youssef Hassan from Al Gharafa. The club said it has also renewed contracts of goalkeepers Jassim Al Hail until 2026 and Mohammed Saeed until 2027.
Shafaq News
06-06-2025
- Business
- Shafaq News
Over 300,000 visitors: Erbil's tourism sector soars this Eid
Shafaq News/ Large numbers of tourists began arriving in Erbil, the capital of the Kurdistan Region, on the first day of Eid al-Adha, as the city continues to develop into a prominent tourism destination in Iraq and the wider region. Sirwan Tawfiq, Marketing Director at the Erbil Tourism Board, told Shafaq News that authorities expect to welcome over 300,000 tourists across the Kurdistan Region during the Eid holiday this year—up from 220,000 visitors during the same period last year. 'This growth is the result of extensive government facilitation measures for tourists, from easing entry procedures to offering a wide range of tourism services,' Tawfiq explained, adding that a comprehensive plan was implemented to ensure smooth visitor flow, including strengthened services in hotels and public facilities, expanded operations at tourist information centers, and full preparation of historical and recreational sites to receive guests. Public spaces across Erbil were filled with families and visitors from various Iraqi provinces and neighboring countries. Parks, shopping centers, and main streets were particularly active. Ahmed Salman, a visitor from Baghdad, said, 'This is my first Eid in Erbil, and I was impressed by how well-organized everything is. Access to tourist sites is easy, and the hospitality has been exceptional.' Sara, a tourist from Basra, noted that 'services are well provided, from hotels to transportation. Everything has been smooth, making our trip comfortable and enjoyable.' Mohammed, visiting from Najaf, remarked that Erbil offers entertainment options suitable for all age groups and added that he and his family felt safe while exploring the city.
Express Tribune
10-05-2025
- Business
- Express Tribune
Remittances boom fades in April
Listen to article Buoyant remittances, relied upon by the government to support its external financing needs, have witnessed a sharp 22% decline on a month-on-month basis in April 2025. This drop, following record inflows in March, has raised concerns over a potential current account deficit, which analysts estimate could fall between $350 and $400 million for the month. Pakistan received workers' remittances worth $ 3.2 billion in April 2025, according to data released by the State Bank of Pakistan (SBP). This marks a 13.1% increase on a year-on-year basis, reflecting a continued trend of strong inflows from overseas Pakistanis. The cumulative inflow during Jul-Apr FY25 has now reached $31.2 billion, representing a significant 30.9% rise compared to $23.9 billion in the same period last fiscal year. Key contributors to April's inflows were Saudi Arabia ($725.4 million), the United Arab Emirates ($657.6 million), the United Kingdom ($535.3 million), and the United States ($302.4 million). "Although April's inflows were solid, they showed a month-on-month (MoM)decline when compared to the exceptionally high figure of $4.1 billion in March 2025," Commenting on the latest figures, Sana Tawfiq, Head of Research at Arif Habib Limited (AHL), told The Express Tribune. She attributed this dip to the end of seasonal factors, particularly the surge in remittances seen during Ramzan and Eid, which traditionally lead to a temporary spike in transfers. "Now that the Eid-related effect has subsided, a MoM correction was expected," she stated. Tawfiq emphasised that despite the decline from March, the average run-rate of remittances remains strong, which is a positive indicator for the economy. Tawfiq also highlighted potential challenges for the external account, forecasting a current account deficit for April 2025, estimated in the range of $350400 million. She pointed to the $5.5 billion import bill, as reflected in preliminary dat of Pakistan Bureau of Statistics (PBS), as a primary factor contributing to this deficit. While the SBP's final balance-of-payments data is still pending, the trade figures suggest a temporary widening in the current account gap. However, Tawfiq maintained an optimistic outlook for the full fiscal year, projecting a current account surplus of around $1.3 billion for FY25, assuming stability in remittance inflows and controlled imports. Despite the short-term dip in April and a likely one-off deficit, the broader trend in workers' remittances remains favourable. These inflows continue to serve as a crucial buffer for Pakistan's external account, supporting macroeconomic stability amid global and domestic challenges. Ali Najib, Head of Sales Insight Securities, said the increase in workers' remittances is primarily attributable to exchange rate stability, regulatory measures against informal transfer channels, growth in overseas employment, expansion of digital banking infrastructure, and supportive government policies. These factors collectively enhanced formal remittance inflows and bolstered external sector stability. The current remittance growth, driven by increased labour migration to GCC countries, especially Saudi Arabia and the UAE, where regulatory reforms appear sustainable in the near term. However, evolving visa policies in those countries and potential economic fluctuations (especially the consistent declining trend in international oil prices) in the Gulf region pose medium-term risks to this trajectory. "Government should focus on diversifying remittance sources before it gets too late," said Najib. Waqas Ghani Kukaswadia, Research Head of JS Global, said the current trajectory appears promising, especially with sustained labour demand in Saudi Arabia in the coming years. However, sustainability from the UAE remains uncertain due to a marked slowdown in labour exports to the country. If Pakistan is able to negotiate more flexible immigration policies with the UAE, it could unlock further growth in remittances. Overall, the trend is positive, but continued momentum will depend on maintaining currency stability and expanding labour market access in key Gulf economies. The data on workers' remittances for April 2025 highlights several challenges that Pakistan faces in maintaining stable inflows from its diaspora. One key issue is the declining or volatile remittances from certain regions, such as the GCC countries (excluding Saudi Arabia and the UAE), where nations like Bahrain and Kuwait recorded negative growth in FY24. Similarly, remittances from Japan and Canada saw significant drops in FY24, with Japan experiencing a sharp 33.3% decline. While some countries, like South Africa, rebounded strongly in FY25, their earlier negative growth underscores instability in these markets. Another concern is the monthly volatility in remittance flows. For instance, remittances fell by 21.5% from March to April 2025, and the year-on-year growth for April (13.1%) was notably lower than March's 37.2%. Such fluctuations make it difficult to predict and plan for consistent foreign exchange earnings. Additionally, Pakistan's heavy reliance on a few key countriesSaudi Arabia, the UAE, the UK, and the USfor over half of its remittances poses a risk, as economic downturns or policy changes in these nations could disproportionately impact inflows. The data also reveals underperformance in some EU countries, such as the Netherlands and Denmark, where remittances contracted in FY24 despite overall growth in the region.
Ammon
19-04-2025
- Business
- Ammon
ACC, Ramallah and Bireh discuss trade cooperation
Ammon News - Chairman of Amman Chamber of Commerce (ACC), Khalil Haj Tawfiq, agreed with Chairman of the Chamber of Commerce and Industry Ramallah and Bireh Governorate, Abdul Ghani Attari, to increase joint cooperation and coordination in multiple areas of common interest, which would reflect "positively" on the two countries' trade at the meeting, Haj Tawfiq said ACC is "fully" prepared to support the Palestinian commercial sector and promote Palestinian products in the local market, as well as providing specialized training for the Palestinian chamber and the business Tawfiq noted the importance of working to overcome difficulties and challenges facing Jordanian-Palestinian trade exchanges, imposed by the Israeli occupation Tawfiq indicated that the Kingdom's exports to the Palestinian market amounted to JD202 million last year, compared to approximately JD47 million in to an ACC statement issued on Saturday, Hajj Tawfiq stressed the importance of strengthening joint cooperation in the coming period and activating the memorandum of understanding signed by the two emphasized the importance of supporting and promoting Palestinian products through joint exhibitions and promotion Attari praised support of the ACC and the Jordanian private sector to the Palestinian private sector to back its "resilience" in facing the Israeli economic noted difficulties facing businesspeople travel to and from Palestine due to the Israeli occupation's restrictions. Jordan, he noted, is Palestine's "vital artery, and the gateway" for other countries globally, including Arab countries, underlining importance of adopting the port of Aqaba as the main venue for Palestinian imports. Petra
