Business

Iraqi Central Bank Denies Bankruptcies

Al-Taj News – The Central Bank of Iraq confirmed that imposing supervisory committees or trusteeship on any licensed bank does not mean that it is bankrupt, but rather constitutes a precautionary supervisory measure aimed at ensuring the bank’s soundness, the stability of its operations, and the protection of depositors’ rights. The Central Bank explained, in a statement, that these measures…

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Housing Investors: Rising Land Prices and Interest Rates Weaken Citizens’ Ability to Buy Apartments

Al-Taj News – Head of the Housing Investors Association Majed Ghosheh said that rising land prices, particularly in serviced areas within the capital Amman, along with increases in construction, finishing, transportation and labor costs, fees, taxes, and financing costs, have affected the prices of residential apartments. Ghosheh added that land prices in some areas, such as Abdoun, Dabouq, and Deir…

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Jordan .. Price of a Dunum in Abdoun and Dabouq Could Reach 1.5 Million Dinars

Al-Taj News – Head of the Housing Investors Association Majed Ghousheh said that rising land prices, particularly in serviced areas within the capital Amman, along with increased construction, finishing, transportation, labor, fees, taxes, and financing costs, have been reflected in residential apartment prices. Ghousheh added that land prices in some areas such as Abdoun, Dabouq, and Deir Ghbar have in…

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Turkey Reintroduces Privatization Plan for Istanbul Bridges

Al-Taj News – Turkey plans to sell the operating rights for two famous bridges in Istanbul, along with highways, for a period of 30 years, as part of a multi-billion-dollar privatization plan, according to Bloomberg. The July 15 Martyrs Bridge and the Fatih Sultan Mehmet Bridge are at the forefront of the privatization plan, according to a decree signed by…

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Rising Household Debt in the First Quarter, with Housing Loans Ranking First

Al-Taj News – The latest data issued by the Central Bank showed an increase in total household debt, reaching 14.312 billion dinars at the end of the first quarter of the current year, compared with 14.1 billion dinars in the first quarter of 2025, and approximately 13.951 billion dinars at the end of the fourth quarter of last year. According…

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Irbid’s Industrial Exports Rise 6.8% in 8 Months to $833.4 Million

Al-Taj News – The value of industrial exports from Irbid Governorate rose during the first eight months of 2026 to approximately $833.4 million, compared with $780.4 million during the same period in 2025, achieving growth of 6.8% and an increase of more than $53 million, according to the Irbid Chamber of Industry. The chamber said that August exports amounted to…

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“Vehicle Inspection Draft”: JD 100 to Review Each Importer’s Application and JD 30 to Verify Vehicle Compliance

Al-Taj News – Acting Director General of the Jordan Standards and Metrology Organization, Wafaa Al-Momani, said that draft instructions prepared by the organization propose collecting JD 100 for reviewing an application for approval of a vehicle model, in addition to JD 30 for inspecting one vehicle upon actual importation to verify its compliance with the approved model. Al-Momani added that…

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Association of Banks: Jordanian Banks’ Assets Exceed $100 Billion

Al-Taj News – Director General of the Association of Banks in Jordan, Maher Al-Mahrouq, said that the assets of Jordanian banks have exceeded $100 billion, according to the association’s latest data. Al-Mahrouq added that the volume of credit facilities exceeded 37 billion dinars, while deposits held by banks reached 50 billion dinars. He noted that the financial safety and stability…

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Al-Kharabsheh: Jordan Is a Pioneer in Energy Transition and Advancing the Green Economy

Al-Taj News – Minister of Energy and Mineral Resources Saleh Al-Kharabsheh said Tuesday that Jordan has been and remains one of the leading countries in the energy transition and in increasing the contribution of renewable energy to electricity generation, stressing that advancing sustainability and the green transition are national priorities for achieving a more resilient and sustainable economy and enhancing…

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Historic Rise in Net New Job Opportunities for Jordanians

Al-Taj News – The semi-annual report on new job opportunities in the Kingdom, issued by the Department of Statistics, showed that net new job opportunities for Jordanians rose to 87,617 in 2025, the highest level in the Kingdom’s history, with Jordanians filling nearly 91 percent of these opportunities. The report revealed that the net number of jobs created in the…

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