IsDB approves $200mln to support food security in Jordan
AMMAN — Chairman of Islamic Development Bank (IsDB) Group Muhammad Al Jasser said that the group agreed during the "Governors' Dialogue" meeting to provide $200 million to support food security programmes in Jordan during this year.
Jasser said that the bank's team has engaged in technical studies for the national carrier project, which the government is conducting with the aim of financing the project, pointing out that the bank will study its suitability for its work mechanism, according to Al Mamlaka TV.
He pointed out that the IsDB recognises the great pressures on food and water security in Jordan due to the large numbers of refugees, noting that this sector is one of the priorities focused on by the bank for Jordan and member countries.
The Kingdom participated in the group's annual meetings held in Algiers earlier this week under the theme "Diversifying the Economy, Enriching Life", during which participants discussed economic challenges of member states, mechanisms to empower the private sector and support for innovation.
Between 1975 and 2024, IsDB provided soft financing, loans and grants worth $1.3 billion, which contributed to implementing several development and economic projects.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
3 hours ago
- Arabian Business
GCC tourism spending projected to hit $223.7 bn by 2034
The Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) has released data showing visitor spending in GCC countries is expected to reach $223.7 billion by 2034. The projections indicate that incoming visitor spending will contribute 13.4 percent to total exports by 2034, according to a statement by the Emirates News Agency (WAM), which cited the Centre's latest analysis. GCC visitor spending jumps 28.9% since 2019 to reach $135.5 billion GCC countries have recorded progress across multiple tourism indicators, with international visitor spending reaching $135.5 billion in 2023. This figure represents a 28.9 percent increase compared to spending recorded in 2019. The region has secured the top position in the Middle East and North Africa's 2024 Safety and Security Index. All GCC member states scored above the regional average of 5.86 points on the index, which operates on a scale from 1 to 7 points. GCC countries have also achieved recognition for passport strength, with all six nations ranking among the top performers in the Arab region for passport power. The Centre's data highlights the tourism sector's growing contribution to the GCC economy, with visitor spending showing recovery and growth following the 2019 baseline period.
Zawya
4 hours ago
- Zawya
Jordan Source strengthens tech and investment ties in Europe with an official delegation to Germany
A high-level delegation from Jordan Source, representing the Ministry of Digital Economy and Entrepreneurship (MoDEE), continued the program's efforts to activate collaboration, transfer knowledge, and build bridges between Jordan and European innovation powerhouses, spearheading an official visit to Germany. The delegation, which included 16 representatives from both public and private sectors, focused on attracting foreign investment and showcasing Jordan's growing capabilities in the ICT and outsourcing industries. Led by MoDEE officials, the business delegation featured representatives from the Ministry of Industry, Trade and Supply (MoITS) and Jordan Export. The government officials were accompanied by leaders from prominent Jordanian tech companies, which included CEOs and founders Alaa Muqattash of Advanced Business Solutions (ABS); Ahmad Bourini of Denamica; Yazan Tadros of EduHax; Zaidoun Karadsheh of Media Plus and BeeLabs; Omar Asa'd of SmartEye; and Faris Aloul of Vamu. Each of these companies corresponded to Jordan Source's strategic focus areas, including cybersecurity, gaming, information technology outsourcing (ITO), business processing outsourcing (BPO), education technology, and creative industries. Held from 3rd to 9th of May, the visit was organized by Jordan Source with support from MoITS and the Innovative Private Sector Development Approaches for Employment Promotion (I-PSD) project, implemented by GIZ on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). This collaboration, further supported by Gateway Jordan—led by Oliver Gerbert—and the Saarland Economic Promotion Corporation, aimed to ensure comprehensive access to key stakeholders and innovation hubs across Germany, thereby maximizing opportunities for impactful engagements and the establishment of valuable connections. The delegation kicked off their activities in Berlin (3–7 May) with a visit to the Startup Unit of the Federal Ministry for Economic Affairs and Climate Action (BMWK) to explore Germany's startup support models and exchange insights on digital innovation. The delegation then continued to engage with the German Startups Association in an open discussion on ecosystem building, data-driven policymaking, and startup advocacy, gaining deeper insights into how the association supports over 1,200 members across all levels and regions. Furthermore, the trip to Berlin explored joint investments between Jordan and Germany in future-ready skills and workforce developments. The delegation shared its vision and innovations in digital learning with the Digital Education Lab (DEL) by the Berlin Chamber of Commerce and Industry (IHK), as well as Christiani Competence Centres, opening the doors for collaboration in digital and vocational education. Wrapping up the first part of the official visit, Jordan Source met with RESPOND Accelerator by BMW Foundation for an exchange on impact-driven startups and leaders shaping the future of sustainable innovation. This dialogue laid the foundation for fostering purpose-led tech and building global partnerships that drive positive change. Upon landing in Saarbrücken (7–9 May), the Jordan Source delegation strategically aimed to establish high-level connections and showcase Jordan's tech sector. A key briefing with the Saarland Economic Promotion Corporation introduced Jordan's leading technology companies to the European stage, laying the groundwork for future collaborations and highlighting mutual economic opportunities. The delegation also dedicated significant time to exploring the forefront of German research and innovation. Visits to leading institutions such as DFKI, specializing in advanced AI, and the dynamic innovation hub at Universität des Saarlandes provided invaluable insights into cutting-edge technologies and the synergy between academia and entrepreneurship. These engagements aimed to foster potential avenues for joint research, knowledge exchange, and the adoption of best practices. Furthermore, the delegation immersed itself in Saarbrücken's vibrant innovation ecosystem to identify concrete collaboration opportunities and strategic alliances. Interactions with collaborative spaces like East Side Fab and Halle 4 facilitated direct engagement with startups and ecosystem builders. Parallel discussions with The August-Wilhelm Scheer Institute and Dehub AI focused on leveraging digital transformation and applied AI to enhance Jordan's role in the global tech value chain, actively seeking tangible partnerships for long-term growth and mutual benefit. Jordan Source's successful visit to Germany underscores its mission to position the Kingdom as a regional hub for ICT investments and outsourcing. By building bridges between Jordanian and German tech ecosystems, the mission highlights Jordan's role as a rising leader in the global digital economy.
Zawya
4 hours ago
- Zawya
Bahrain Marina appoints CBRE Bahrain to manage retail sector and develop leasing strategy
Manama: Bahrain Marina Development Company, the master developer of the prestigious Bahrain Marina project located along the eastern waterfront of the capital, Manama, has announced the appointment of the leading global commercial real estate services and investment firm CBRE Bahrain to manage and operate the project's retail units. CBRE Bahrain will also be responsible for developing a comprehensive leasing strategy, encompassing the determination of the optimal brand mix, commercial area planning, and occupancy strategies. This appointment reflects Bahrain Marina's commitment to attracting leading international partners to deliver a high-end shopping and entertainment experience, further enhancing the project's appeal as an integrated urban destination that draws visitors from Bahrain and across the region. On this occasion, Bahrain Marina Development affirmed in a press statement that the appointment of CBRE Bahrain marks a pivotal step toward enhancing the commercial value of the Bahrain Marina project's components and establishing a strong foundation for an exceptional shopping experience at the national level. The company noted that CBRE's global expertise will contribute to attracting prestigious retail brands and delivering a unique retail environment that meets the aspirations of both visitors and residents alike. This will be achieved through professional operational management and meticulous strategic planning that ensures sustainable operations and a diverse brand mix. For its part, CBRE Bahrain stated that it is delighted to partner with Bahrain Marina on this landmark project, which represents a significant milestone in Bahrain's real estate development landscape. Leveraging global expertise, CBRE Bahrain will deliver an integrated operational experience designed to enhance the development's overall appeal. As the appointed Property Management firm for the retail component, CBRE Bahrain is committed to supporting Bahrain Marina through a strategic and structured approach to managing this key asset. This partnership aims to elevate the destination's profile, attracting leading international and regional brands that will enrich the commercial offering and reflect the project's unique identity. Under the agreement, CBRE Bahrain will oversee the daily operations of the commercial facilities and will develop an innovative leasing plan, identifying tenant profiles and creating a commercial distribution map, ensuring a balanced mix of retail, hospitality, and complementary services. The Bahrain Marina project spans more than 250,000 square meters and features 128 retail units distributed among a collection of upscale shops, international restaurants, and renowned cafés. It also includes luxurious residential facilities, a state-of-the-art marina, a beach club, and a five-star hotel. Bahrain Marina is positioned as one of the most prominent new waterfront destinations, redefining the shopping, tourism, and entertainment scene in the heart of Manama. For more information, please contact: Bahrain Marina Ahmad Fakhro Email: Notes to Editors: About Bahrain Marina Bahrain Marina is an extraordinary waterfront development strategically positioned on the eastern coast of Manama, the capital of Bahrain. With a development budget of BD 200 million, this landmark project features an array of luxury retail outlets, fine dining restaurants, and internationally renowned cafes. The development also includes a shopping mall, a marina with yacht parking, and an expansive 3,200-square-meter marine club offering a wide range of recreational activities and marine programs, contributing significantly to the Kingdom's tourism sector. In addition, Bahrain Marina provides a unique residential experience with luxurious freehold units, premium hotel accommodations, extensive green spaces, and high-end sports facilities. The project is designed to promote a balanced lifestyle that enhances residents' and visitors' quality of life. For more information and to experience the future of luxury living, please visit About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at
