Ammon News, Business

Minister urges balance between economic reopening, anti-COVID-19 efforts

[5/17/2020 10:57:29 AM]

AMMONNEWS - Minister of Industry, Trade and Supply Tareq Hammouri has called for forging robust balance between the reopening of economic activity and the ongoing fight against COVID-19 pandemic coronavirus, especially after the World Health Organization warned of a potential second wave of infections. Hammouri made the remarks during the second extraordinary meeting of trade and investment ministers of the Group of Twenty countries, which was held through a video conference, according to a statement issued by the Trade Ministry on Sunday. The statement said that the meeting came within the framework of Saudi Arabia's presidency of G20 meetings with the aim of discussing mechanisms to respond to the coronavirus pandemic, and alleviate its consequences on international trade and investment to lay the foundations for a global economic recovery. The Minister stressed the need to ensure the flow of trade and increase industrial production by enhancing innovation and entrepreneurship to boost competitiveness and integration in regional and global value chains. Jordan is one of a few countries that managed to run an early and successful response to the pandemic, he said, adding that this has led to the reopening of economic sectors at a full productive capacity as of last week with the exception of a limited number of economic activities. Hammouri pointed to the importance of discussing means to ensure that procedures followed at border crossings run smoothly, including the testing of truck drivers, so that the freight movement continues to supply markets with goods, in addition to protecting public health and safety. At the end of the meeting, the ministers approved a set of measures to support international trade and investment, focusing on organizing trade exchange, forgoing restrictions on exports of agricultural products, facilitating international trade, exchanging experiences and using best practices of the measures recently taken by various countries. The meeting tackled the importance of supporting and reforming the multilateral trading system, building flexibility in global supply chains and exchanging information, which aims at expanding production and trade of basic goods and services, including digital trade. The minister also pointed out the need to enhance communication channels between the transport ministers of the G20 countries to prioritize the transportation of basic commodities in coordination with private sector institutions.

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ASE closes trading at JD1.5 million

[5/17/2020 10:54:51 AM]

AMMONNEWS - The Amman Stock Exchange (ASE) closed Sunday's trading session down by 0.69 percent at 1,594 points. A total of 1.2 million shares were traded through 590 transactions at a trading value of JD1.5 million. The closing prices of 11 companies with traded shares went up, while 35 others declined. The prices of the shares of 12 others remained stable.

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ASE closes trading on lower note

[5/14/2020 6:33:09 AM]

AMMONNEWS - The Amman Stock Exchange (ASE) closed Thursday's trading session down by 0.17 percent at 1,605 points. A total of 2.1 million shares were traded through 957 transactions at a trading value of JD3.5 million. The closing prices of 14 companies with traded shares went up, while 21 others declined. The prices of the shares of 14 others companies remained stable.

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ASE closes trading on lower note

[5/11/2020 9:49:39 AM]

AMMONNEWS - The Amman Stock Exchange (ASE) closed Monday's trading session down by 1.1 percent at 1,632 points. A total of 300,000 shares were traded through 173 transactions at a trading value of JD500,000. The closing prices of 4 companies with traded shares went up, while 19 others declined. The prices of the shares of one company remained stable.

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Japan supports UNICEF in Jordan to help children stay healthy during COVID-19

[5/10/2020 10:00:27 AM]

AMMONNEWS - The Government of Japan has announced a new contribution of US$2.2 million to support UNICEF’s work to keep children healthy, learning and protected during the COVID-19 pandemic, and to reduce the impact on the most vulnerable families. The funding will support UNICEF’s health and nutrition, child protection, water and sanitation, and social protection interventions for children and women in Jordan, including Syrian refugees. "UNICEF, working closely with partners including the Government of Japan, is rapidly scaling up and striving to maintain continuity of programmes at this time, while also responding and adapting to the pandemic and its impact on the most vulnerable," said Tanya Chapuisat, Representative, UNICEF Jordan. "We are very grateful for the continued support from the people of Japan, which is helping children in Jordan to survive and thrive." Ambassador of Japan to Jordan, Hidenao YANAGI, said "Japan always stands by Jordan as a friend even during difficult times. We attach also great importance to the role of UNICEF in providing humanitarian assistance to vulnerable Jordanians and refugees in various sectors such as health, WASH as well as protection. Given the increasing threat of the COVID-19, it is critically important to enhance humanitarian responses, particularly, in health and WASH sectors. I sincerely hope our assistance will be of help to address the unprecedented crisis as well as to mitigate risks of transmission in the refugee camps and host communities." The contribution from the Government of Japan will enable UNICEF to scale up water, sanitation and hygiene facilities in schools across Jordan, as well as supporting the provision of safe water and sanitation to vulnerable Syrian refugees living in remote areas and refugee camps. Since the outbreak of COVID-19, UNICEF has distributed soap to 120,000 refugees and carried out mass hygiene awareness campaigns. UNICEF’s partnership with the Government of Japan is also supporting lifesaving efforts with the Ministry of Health to deliver health and nutrition services to children in refugee camps and provide routine and catch-up immunization services to children and mothers across the country. As communities are disrupted by COVID-19, children already at risk of violence, exploitation and abuse have become even more vulnerable. The support from Japan will also support much-needed child protection services to prevent violence and strengthen the protection response for women and girls. The Government of Japan is a long and valued partner of UNICEF in Jordan and has provided funding of over US$ 36 million since the beginning of the Syrian crisis to support UNICEF’s work to strengthen national systems and provide lifesaving services for children.

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Jordan imports 324,000 barrels of Iraqi oil in April

[5/3/2020 10:05:38 AM]

AMMONNEWS - Jordan imported a total of 324,000 barrels of Iraqi oil during April as per the deal the two countries inked last year, Energy Minister Hala Zawati said on Sunday. In a statement, Zawati said the Kingdom's total imports of Iraqi oil since last September amounted to about 2.44 million barrels, with 10,000 barrels per day. "In line with the governmental precautionary measures to curb the spread of the coronavirus, Iraqi oil tankers unload crude oil into Jordanian tankers at the border between the two countries," the minister added, noting that about 1114 tankers took part in the process. Under the signed MoU, Jordan would receive 10,000 barrels of Iraqi crude oil daily, which constitutes 7 percent of the Kingdom's needs.

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World Bank offers US$20 million coronavirus relief package

[4/28/2020 3:49:39 PM]

AMMONNEWS - The World Bank approved Tuesday a US$20 million project to help Jordan face the health impacts of the COVID-19 outbreak. The new COVID-19 Emergency Response project will support the Ministry of Health’s efforts in preventing, detecting and responding to the threat posed by the pandemic and strengthen public health preparedness. This fast-track assistance package falls under the US$ 6 billion COVID-19 Strategic Preparedness and Response Program approved by the World Bank Group’s Board of Executive Directors on April 2, to strengthen the responses of developing countries to the pandemic. "Like its neighbors, Jordan is affected by a pandemic whose impacts expand beyond the health sector and cause an economic slowdown and weaker growth prospects," said Saroj Kumar Jha, World Bank Mashreq Regional Director. "The Government of Jordan has taken strong measures to contain and mitigate the COVID-19 outbreak. Supporting the Ministry of Health’s ability to face this health crisis is crucial to prevent a set-back in the significant improvements in health outcomes Jordan has achieved over the past two decades". "This timely support from the World Bank to Jordan is key to strengthen the Ministry of Health’s ability to respond to the COVID-19 outbreak in line with the National Preparedness and Response Plan", said Dr. Wissam Rabadi, Minister of Planning and International Cooperation. "Jordan was one of the first countries in the region, if not the world, to take early and strict measures to contain and mitigate the spread of COVID-19. The results of this policy can be seen already as the trend in number of cases shows a decline. As the country reopens gradually in the coming few weeks, we will require more support to maintain and improve our efforts to ensure the outbreak is properly contained and mitigated, and that we do not witness a new surge in the numbers." The project aims to help prevent and contain the spread of COVID-19 in Jordan by providing support to enhance case detection, testing, recording and reporting, as well as contact tracing, risk assessment and clinical care management. The project will help the Ministry of Health implement the National Preparedness and Response Plan over the next two years and will complement the support already provided by development, humanitarian and private sector partners. The plan, which was prepared with WHO, will be updated periodically to identify financial requirements for several outbreak scenarios.

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