Government to Pay JOD 50 Million in Outstanding Dues for Tafileh Municipal Projects - Jordan News
Minister of Government Communications and official spokesperson, Dr. Mohammad Al-Momani, announced Monday that the government has approved the necessary procedures to settle outstanding payments totaling 50 million Jordanian dinars. These dues are related to municipal tenders in Tafileh Governorate, covering suppliers and contractors involved in local infrastructure projects. اضافة اعلان Speaking at a press conference in Tafileh, Dr. Al-Momani stated that the refunds and payments will be disbursed during June 2025, helping ensure the timely completion of municipal projects and preventing further delays.
This announcement followed a Cabinet session held in Tafileh, during which several province-focused decisions were made to enhance development and support local governance.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Anbat News
8 hours ago
- Al Anbat News
Gold Prices Soar to Unprecedented Heights Amid Global Instability
الأنباط - "Gold Prices Soar to Unprecedented Heights Amid Global Instability" Recently, gold has experienced significant fluctuations in its prices due to ongoing economic and political changes both regionally and globally. Gold prices have been heavily influenced by global inflation, monetary policies implemented by central banks, as well as political tensions and wars, which have led to an increase in demand for gold as a safe haven. Additionally, investment funds and central banks have played a prominent role in driving prices higher. Saleem Dheeb, Secretary-General of the Jewelers' Syndicate, spoke to Al-Anbat, stating: "As inflation rises, the value of gold increases as a safe haven against the erosion of the purchasing power of currencies. Consequently, gold has become a crucial refuge for investors who are looking to preserve their wealth amid the ongoing rise in prices." He pointed out that global deficits and high debt, along with interest rates on the U.S. dollar, have contributed to the surge in gold prices, explaining that whenever interest rates are reduced, gold prices directly increase. This is due to a decrease in returns on U.S. dollar investments, prompting investors to turn to gold as a safer alternative. Dheeb continued: "Since gold is priced in dollars, any decline in the dollar's purchasing power leads to a rise in gold prices against the dollar. This depreciation of the dollar contributes to the increased demand for gold, thereby pushing its prices higher." He noted that one of the key factors contributing to the rise in gold prices has been the continuous effort of investment funds and central banks to increase their gold reserves, creating pressure on supply and further driving up prices. Dheeb further explained that the U.S. Federal Reserve's monetary policy has been caught between two difficult choices: either raise interest rates to curb inflation, which could lead to increased unemployment and a decrease in durable goods sales, or lower interest rates, which would lead to a rise in gold prices. He also emphasized that economic decisions made by the U.S. administration under President Trump significantly contributed to the rise in gold prices, particularly with changes in policies such as raising tariffs, followed by President Trump's visit to the Middle East, which brought some stability to gold prices. However, with the ongoing Gaza conflict, the Russia-Ukraine war, and Israel's entry into a war with Iran, gold prices have once again experienced extreme volatility. On the other hand, Dheeb highlighted the impact of global prices on the local market in Jordan, where pricing starts from the global price and is then adjusted based on local supply and demand. He added that demand for gold in Jordan has shifted this year, with investment purchases surpassing those for jewelry. The market has seen an increase in demand for gold ounces and liras, particularly after the price of an ounce rose by more than 30% in one year. He mentioned that the Jewelers' Syndicate has kept up with price fluctuations by issuing daily bulletins on changes in global prices. The Syndicate also allowed the production of 14-karat gold in an effort to offer an option more suited to the financial capabilities of citizens, while closely monitoring local markets in collaboration with the Jordan Standards and Metrology Organization. Mohammad Al-Hroub, a trader, stated that the rise in global gold prices has become extreme, especially given the ongoing wars between Russia and Ukraine, the Gaza conflict in the Middle East, and the recent war between Iran and Israel, along with the continuous political tensions in the region. He also pointed out that China has been buying large quantities of gold as a safe haven, adding economic weight. He observed the confusion and anxiety evident in the actions of local citizens, as the vast majority are now buying gold as a store of wealth rather than for decoration. This shift has led to an increase in demand for both the Rasheed and English gold liras, as well as ounces. Many people have also opted to sell their existing gold and jewelry in order to make substantial profits compared to gold prices from previous years. Al-Hroub noted that local traders and gold markets have adapted by offering lower-karat gold jewelry, such as 14-karat gold, and smaller weights, making it more affordable for citizens, especially those preparing for marriage. He emphasized that many young couples are now unable to afford the traditional wedding jewelry, known as "the bride's dowry," which is a crucial part of Jordanian marriage customs. In conclusion, gold prices remain susceptible to ongoing fluctuations due to global political and economic events. Despite the challenges facing gold markets, this precious metal will continue to be one of the safest havens sought by individuals and institutions during times of crisis. It is expected that gold price volatility will continue based on changes in monetary policy and global geopolitical factors, making it crucial for investors, traders, and citizens to closely monitor these developments.
Jordan News
a day ago
- Jordan News
Central Bank: Interest Rates Remain Unchanged - Jordan News
The Open Market Operations Committee of the Central Bank of Jordan held its fourth meeting for the year 2025, during which it assessed local economic, monetary, and banking developments, as well as regional and international economic conditions and the potential impact of ongoing geopolitical tensions on the Jordanian economy. اضافة اعلان Based on its review, the committee decided to maintain the current interest rates on monetary policy instruments without any change. The committee emphasized the Central Bank's ongoing close monitoring of all developments and reaffirmed its commitment to applying monetary and banking policies and procedures that ensure monetary stability and the soundness of the banking sector, thereby supporting overall macroeconomic stability. Macroeconomic indicators reflected the strength and resilience of Jordan's economic and monetary performance. The Central Bank's foreign reserves stood at USD 22.8 billion at the end of May 2025, sufficient to cover 8.8 months of the Kingdom's imports of goods and services. Inflation rates were also contained, remaining close to 2% during the first five months of the year. Banking sector indicators also showed strength, with a solid capital base and high-quality investment portfolios. Total customer deposits rose by 6.8% year-on-year to reach JOD 47.3 billion by the end of April 2025. Credit facilities extended by banks also grew by 3.4% year-on-year, reaching approximately JOD 35.2 billion. The external sector showed positive developments as well. Total exports recorded a significant growth of 11.6% in the first quarter of 2025, reaching USD 3.3 billion. Tourism revenue rose by 15.7% in the first five months of the year, totaling USD 3.1 billion. Additionally, remittances from Jordanians abroad increased by 3.0% in the first four months, amounting to USD 1.2 billion.
Jordan News
2 days ago
- Jordan News
95.5% Citizen Satisfaction with Procedures at Government Service Centers - Jordan News
Citizen satisfaction with the ease of procedures and their overall experience at government service centers reached 95.5%, according to the results of a comprehensive survey conducted by the Ministry of Digital Economy and Entrepreneurship during the first quarter of this year to measure performance indicators and the quality of public services. اضافة اعلان In a statement issued Thursday, Secretary General of the Ministry, Samira Al-Zoubi, said these results clearly indicate a significant improvement in the performance of government service centers and reflect an enhanced citizen experience and ease of procedures. She emphasized that the ministry places citizens at the heart of the development process and continues its efforts to provide efficient and seamless services in an integrated and accessible service environment that meets citizens' needs and expectations. Al-Zoubi added that other performance indicators also showed high levels: overall satisfaction with service quality reached 91.7%, while the Net Promoter Score (NPS) stood at 85.6%, reflecting increased public trust and willingness to recommend the services to others. She noted that these positive results demonstrate the success of the ministry's collaborative approach with various government entities, aimed at strengthening public trust in government services. She also stressed that citizen feedback is a fundamental reference for continuously developing and improving service quality. This announcement comes as part of the results of the Citizen Satisfaction Survey, which targeted visitors to government service centers across various governorates and included multiple indicators related to performance quality and user experience, in support of the ministry's efforts to advance digital transformation and enhance the efficiency of public services.
