Ammon News, Business

Health Minister meets presidents of Pharmacists, Nurses associations

[6/15/2019 3:42:20 PM]

AMMONNEWS - Minister of Health Dr. Saad Jaber underlined the ministry's keenness to strengthen partnership with trade unions to promote the health sector, develop it and improve its level of services, as well as serving its employees and achieve their aspirations. Jaber made his remarks during separate meetings with Jordan Pharmacists Association (JPhA) President Dr. Zeid Kilani and President of Jordan Nurses and Midwives Association Dr. Khalid Rababa'h and the boards of the two association. The ministry will work to strengthen the partnership with trade unions to be based on firm, comprehensive and deeper institutional bases to achieve the highest national health interests and to promote health professions and achieve the interests of its employees, Jaber said. He added that that the ministry will work to develop training and rehabilitation programs for health personnel including doctors, nurses and pharmacists to raise the level of rehabilitation and to provide the opportunity for new graduates from various health professions to train and acquire scientific and practical experiences. He also stressed that the ministry will consider with great interest proposals of pharmacists and nurses associations and their demands and will study them deeply to achieve justice.

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Tourism revenues, expatriate remittances reach $2.948 billion in 4 months

[6/15/2019 7:08:39 AM]

AMMONNEWS - Jordan's tourism revenues during the first third of 2019 rose by 6.1% to reach $1.7billion (around JD1.2 billion), compared to $1.6 billion generated during the same period last year, official data revealed. According to the Central Bank of Jordan (CBJ) Saturday published figures, the total of expatriate remittances rose by 1.6% at the end of April at the end of April 2019 to reach $1.202 million, approximately JD851, compared to $1.182 million for the same period of 2019. Jordanian expatriates’ remittances, tourism revenues, alongside commodity and service exports are key factors that enhance payments of balance and boost foreign currency reserves of the country.

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18.33 fils per kWh the lowest tender to generate wind energy, says energy ministry

[6/13/2019 9:31:38 AM]

AMMONNEWS - The financial offers from the six international companies that qualified on the technical basis to implement wind power project tender to generate electricity of 50 megawatts (MW) showed that the lowest price stood at 18.33 fils /kWh. The companies' prices were characterized by a significant drop, where the lowest was (18.33 fils / / kWh), which is about 47% lower than the current price of selling electricity produced by direct wind power projects (70 fils / kWh), Minister of Energy and Mineral Resources, Hala Zawati, said in a press statement on Thursday. Commenting on the reasons behind the tenders' success, the minister noted the tenders reflect Jordan's success in attracting investors in the field of renewable energy in general and wind energy in particular as a result of advanced legislation and wise policies in the field of renewable energy. On the project's future impact, the new wind farm will increase the contribution of wind energy in the total energy mix to 667 MW of total renewable energy, which currently produces 11 percent of the electricity generated in the Kingdom, the minister pointed out. Renewable energy in Jordan will reach 20 percent by 2020, including the new wind projects. The minister described the offers for electricity generation as "successful" due to the low prices provided by the qualified companies, adding the lowest price is "record" at regional and global levels for wind farm tenders.

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ASE starts trading on higher note

[6/13/2019 3:41:32 AM]

AMMONNEWS - The Amman Stock Exchange (ASE) opened trading on Thursday with a rise to 1,812 points compared to 1,811 points of last session closure, according to market sources. The market index fluctuated between 1,811 points and 1,813 points in the first 15 minutes of today's session with a trading volume of JD700,000.

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Minister says exports recovery sets ground for economic rebound

[6/11/2019 4:43:11 PM]

AMMONNEWS - Minister of Industry, Trade and Supply Tarek Hammouri said that Jordanian exports increased by 9.3 percent during the first quarter of 2019, reflecting an improvement in the overall economic situation and creating a basis for a gradual economic recovery. During a meeting with representatives of the industry sector in Irbid governorate, Hammouri said the increase in Jordan’s debts was due to circumstances beyond its control such as the disruption of gas supply from Egypt, regional upheaval, and the closure of borders. The Kingdoms debt is currently at JD28 billion, he noted. The minister stated that financial solutions including taxes and levies, which go to the country’s budget, are unavoidable without finding alternative sources. He anticipated a further improvement in exports by the end of this year and beyond, highlighting that this improvement will be the basis for a broader economic growth. On halting imports from Syria, Hammouri pointed out that the decision came after Syria stopped importing Jordanian goods despite Jordan’s attempts to allow the export of Jordanian industries.

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Jordan receives $725-mln payment of World Bank loan

[6/11/2019 4:40:35 PM]

AMMONNEWS - The Central Bank of Jordan (CBJ) received a $725-million payment of a $1.45-billion World Bank loan, said Mohammad Ississ, Minister of Planning and International Cooperation and Minister of State for Economic Affairs. During a press conference, Ississ said the payment will be used to repay the $1-billion worth of Eurobonds issuance due this month. Sources said the planning ministry will cover the remaining amount through a dollar-denominated local bonds issuance. The World Bank had agreed to grant the Kingdom a $1.45 billion loan, the largest by the bank to Jordan, at a 4-percent interest rate and a 4-year grace period under a maturity period of 34 years. In a statement, the ministry said the aim of this loan is repay other loans, and it will save Jordan around $50 million of annual debt service if the government had resorted to Eurobonds, with a cost of 8-9 percent.

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ASE opens trading on lower note

[6/11/2019 5:49:47 AM]

AMMONNEWS - The Amman Stock Exchange (ASE) Tuesday opened trading with a drop to 1,805 points compared to 1,806 points of last session closure. During the first 15 minutes of today's trading, the market index fluctuated between 1,805 points and 1,807 points with a trading volume of JD900 thousands, the ASE sources said.

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