Business
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Aqaba Becomes a Major Gateway for Goods Bound for the Gulf as Cargo Handling Rises by More Than 80%
Al-Taj News – Director General of the Aqaba Company for the Management and Operation of Ports Mahmoud Khalifat said Sunday that the Port of Aqaba has become the main gateway to neighboring countries as well as the Gulf states, noting that this has contributed to an increase of more than 80% in cargo handling rates at Aqaba’s ports. Khalifat explained…
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“Industry and Trade”: Ma’an Dry Port to Reduce Shipping and Storage Costs and Strengthen Supply Chain Flows
Al-Taj News – Assistant Minister of Industry, Trade and Supply Qusai bin Mustafa said that the Ma’an Dry Port is one of the key projects within the governorate’s future development plan, noting that the project aims to ease pressure on the Port of Aqaba and facilitate trade movement to neighboring countries. Bin Mustafa added that connecting Ma’an with the city…
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Banks Association: Not Passing Higher Interest Rates on to Individual Loans Aims to Enable Borrowers to Meet Their Financial Obligations
Al-Taj News – Director General of the Association of Banks in Jordan Maher Al-Mahrouq said Sunday that the decision not to pass higher interest rates on to individual loans in the local market aims to enable individuals to meet their financial obligations. Al-Mahrouq stressed that the adjustment in interest rates will have no impact whatsoever on loan installments for individuals…
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Government Decides to Standardize Exemptions and Incentives for Green Hydrogen Projects
Al-Taj News – The Cabinet, during its session held in Ma’an Governorate today, Sunday, chaired by Dr. Jaafar Hassan, decided to approve the standardization of incentives, benefits, and exemptions granted to green hydrogen projects established both inside and outside the Aqaba Special Economic Zone. The incentives include reducing income tax to 5%, in addition to a 1% national contribution, and…
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Amman Stock Exchange General Index Rises 0.77%
Al-Taj News – The general index of share prices on the Amman Stock Exchange rose at the close of last week to 4,124.7 points, compared with 4,093.0 points in the previous week, an increase of 0.77 percent. The financial sector index rose by 0.84 percent, the services sector index by 0.71 percent, and the industrial sector index by 0.66 percent.…
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Most Notably Carpets: Al-Hayajneh Calls on Traders to Boycott Iranian Products
Al-Taj News – Former Member of Parliament and former President of the Furniture Traders and Producers Association Sharaf Al-Hayajneh called on those working in the commercial sector, as well as carpet traders and traders of various materials and commercial products, to boycott Iranian products, against the backdrop of what he described as “Iranian aggression” and threats targeting the security and…
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Mafraq: Proposed $900 Million Power Plant
Al-Taj News – The International Finance Corporation (IFC) has revealed a proposed project to finance a new power generation plant in the Al-Khanasri area of Mafraq Governorate, with a generation capacity of up to 700 megawatts and an estimated total cost of approximately $900 million, while the proposed financing from the corporation for the project amounts to $200 million. According…
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Jordanian Exports to the European Union Reach Nearly JD 318 Million in Six Months
Al-Taj News – The Jordan Chamber of Industry affirmed that the Jordanian-European Investment Conference represents an important milestone in moving economic relations between Jordan and the European Union from traditional trade cooperation toward deeper investment and production partnerships, contributing to strengthening manufacturing, technology transfer, added value, employment, and exports. The chamber explained that the conference provides a platform to showcase…
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Orange Jordan Launches Training Program to Empower Youth with Disabilities for 2ndConsecutive Year
Orange Jordan has announced the opening of registration for a new edition of the “Qadroon” Training Program, in partnership with Ablers, a social enterprise dedicated to the training and inclusion of persons with disabilities. This initiative aims to empower youth with disabilities, develop their digital and professional skills, and enhancetheir opportunities for integration into the labor market. This edition of the program targets 40 young women and men with disabilities…
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Trump Calls for Rapid Interest Rate Cuts
Al-Taj News – Following the Federal Reserve’s decision to raise interest rates by 0.25 percentage points to a range of 3.75%–4%, U.S. President Donald Trump renewed his call for rapid interest rate cuts, saying that U.S. rates should be at 1% or lower.
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