Latest news with #JD100
Jordan Times
19-04-2025
- Business
- Jordan Times
'April 30 deadline set for 2024 income tax returns'
The Income and Sales Tax Department on Saturday announces that Tuesday, April 30, is the final legal deadline for submitting income tax returns for the 2024 fiscal year and for paying the declared taxes (JT file) AMMAN — The Income and Sales Tax Department on Saturday announced that Tuesday, April 30, is the final legal deadline for submitting income tax returns for the 2024 fiscal year and for paying the declared taxes. The department urged taxpayers who have not yet submitted their returns to expedite the electronic filing process to avoid penalties, stressing the importance of providing accurate information that reflects actual income, the Jordan News Agency, Petra, reported. Failure to submit a return will result in fines ranging from JD100 to JD500, in addition to a late payment penalty of 4 per thousand of the due tax amount for each week of delay. The department clarified that individuals with annual incomes exceeding JD9,000 (for those without dependents) or JD18,000 (for those with dependents) are required to file returns, even if their income is already subject to monthly withholding. Retirees receiving monthly pensions above JD2,500 are also obligated to submit a return for 2024. Taxpayers can contact the Taxpayer Service Centre via phone or WhatsApp at (06-2222130), or reach out through the department's social media platforms for assistance and inquiries.
Jordan Times
16-04-2025
- Business
- Jordan Times
APC approves JD100m dividends, unveils expansion milestones, strategic investments
AMMAN — The General Assembly of the Arab Potash Company (APC) on Wednesday approved the Board of Directors' recommendation to distribute JD100 million in cash dividends to shareholders, amounting to 120 per cent of the company's capital. The decision was announced during the company's annual general meeting, chaired by Chairperson of the Board Shehada Abu Hdeib and attended by board members, CEO Maen Nsour, and shareholders representing 98.4 per cent of the company's capital. Also present was the Companies General Controller Wael Armouti. The assembly ratified the board's 2024 report, audited financial statements, and the company's strategic outlook. Abu Hdeib underscored APC's resilience and adaptability in the face of geopolitical and economic volatility, crediting the company's "robust" policies and long-term planning for its sustained growth, the Jordan News Agency, Petra, reported. He emphasised APC's strategic role in bolstering Jordan's economy and contributing to global food security. He highlighted the Royal support the company has received, notably through high-level visits and the inauguration of major projects worth $450 million, including pumping stations, production plants, a logistics and services centre, and a research and innovation facility. These developments have enhanced APC's production flexibility and diversified its operations, reflecting the Hashemite leadership's commitment to supporting national industries. Abu Hdeib noted that APC's net profits between 2019 and 2024 totalled some $2.2 billion, attributing this to a comprehensive 10-year expansion plan aimed at raising production capacity to over 3.7 million tonnes annually. As part of the Economic Modernisation Vision, he detailed the launch of an ambitious strategy (2024–2033) to develop the fertiliser and chemical derivatives sector. This includes establishing an integrated industrial complex for specialised fertilisers and chemical products, in collaboration with domestic and international partners. He also referred to APC's expanded strategic partnership with the US-based Albemarle Corporation, involving an $800 million investment to double bromine production. The agreement positions Jordan among the global leaders in bromine production and exports, enhancing its standing in the advanced chemical manufacturing sector. Abu Hdeib described the partnership as a vote of confidence in APC and Jordan's stable, investor-friendly environment. He emphasised the company's commitment to corporate social responsibility, with contributions exceeding JD66 million over five years in areas such as education, health, infrastructure, and renewable energy. He affirmed that APC is entering a new phase of transformational growth, focused on maximising the strategic value of national resources and cementing Jordan's position as a global industrial hub. He praised the government's efforts to foster a competitive investment climate through supportive legislation, noting that enhancing APC's capabilities benefits not only the company and its investors but also the broader national economy and local communities. Nsour reiterated that APC achieved "strong" operational, financial, and marketing results in 2024, despite global supply chain disruptions and rising shipping costs. He attributed this success to the company's adherence to its long-term strategy launched in 2019, which emphasises operational agility and strategic investment. Nsour noted that direct Royal support culminated in His Majesty King Abdullah's visit to the company's Ghor Safi facilities in 2024, where several "key" projects were inaugurated. This visit reflected the Kingdom's high-level endorsement of APC's national significance. In 2024, APC registered a "record" potash production volume of 2.84 million tonnes, a 17 per cent increase compared with 2018. Sales reached 2.78 million tonnes, driven by growth in strategic markets such as Europe and Brazil, where the latter now is among APC's top five global markets. The company also bolstered its European presence by establishing a wholly-owned subsidiary to enhance marketing and expand market share. Financially, consolidated revenues stood at JD651 million, with net profits of JD184 million. APC contributed approximately $1.3 billion in foreign currency to the local banking sector. Operational efficiency improved with a 5 per cent increase in potash production and reduced production costs compared to 2023. Nsour also pointed to APC's concurrent strategy to grow in high-value-added fertiliser and chemical derivatives. This includes the Jordan Bromine Company's expansion and the development of specialty fertiliser products aimed at diversifying income streams and supporting local industry. He stressed APC's commitment to sustainability through renewable energy projects with a generation capacity of 36 megawatts, water reuse initiatives, and upgrades to transportation and logistics systems to lower the company's carbon footprint and improve competitiveness. Nsour referred to the dedication of APC's workforce and partners, including the General Union of Workers in Mines, Mining and Cement, the company's trade union committee, and the Jordan Engineers Association – Potash Branch. He stressed the importance of maintaining momentum to build on the company's accomplishments.
Jordan Times
13-04-2025
- Business
- Jordan Times
Agricultural sector undergoes ‘unprecedented transformation' in 2024
Minister of Agriculture Khaled Huneifat says that Jordan's agricultural sector recorded "robust growth" in 2024, expanding by 6.9 per cent compared with 5.8 per cent in 2023 (Petra photo) AMMAN — Jordan's agricultural sector recorded "robust growth" in 2024, expanding by 6.9 per cent compared with 5.8 per cent in 2023, according to Minister of Agriculture Khaled Huneifat. Agricultural exports reached JD426 million, marking a 39 per cent increase, including a 14 per cent rise in export volume, the Jordan News Agency, Petra, reported. Huneifat said the sector has undergone an unprecedented transformation that goes beyond production and exports, contributing directly to national food security, sustainable development, social equity, and environmental protection. Emphasising the sector's role in employment generation and social stability, Huneifat noted that the ministry has enhanced its institutional capacity by hiring 600 agricultural engineers and veterinarians and expanding its loan portfolio to JD115 million. The funds target high-impact projects such as hydroponics, food processing, and rural women's empowerment, he added. The ministry has also signed 20 agreements with investors to absorb surplus production, increase foreign currency inflows and expand e-marketing platforms for agricultural products. "Jordan is also launching a 10-year initiative to plant 10 million trees using innovative techniques such as the "cocoon" system and non-potable water in the south, and rainwater harvesting in the north," he added. "The ministry is building 50 reservoirs and 5,000 wells annually and allocating JD65 million to climate adaptation projects, JD31 million of which will be disbursed as interest-free loans." The Jordanian-Palestinian Agricultural Marketing Company has reopened access to 16 European markets and established a specialised training institute to strengthen cross-border agricultural cooperation. The ministry has also issued a new law on cooperatives and launched advanced training centres for smart agriculture in the Jordan Valley, as well as northern and southern regions, benefiting some 15,000 trainees. Huneifat reported that 61 per cent of Jordan's food is now produced locally. Self-sufficiency in red meat has increased from 28 per cent to 45 per cent over the past four years, with over 900,000 sheep, 754,000 live and 150,000 slaughtered, exported to Gulf countries. He also highlighted reforms in the fodder market, where JD100 million in government subsidies have been better targeted through the implementation of electronic livestock tagging and land ownership verification mechanisms to ensure support reaches eligible farmers. The minister also stressed that these achievements have been made possible through strong public-private partnerships, supported by flexible policies and high-level political will, turning Jordan's agricultural sector into a regional model for development, food security, and climate resilience.
Jordan Times
12-03-2025
- Business
- Jordan Times
Prime minister inspects industrial, health, educational facilities in Muwaqqar, Sahab
Prime Minister Jafar Hassan on Wednesday conducts a field inspection tour, visiting seven key sites across the districts of Al Muwaqqar and Sahab, including industrial, health, educational, and social facilities, as part of his routine field inspection visits (Petra photo) AMMAN — Prime Minister Jafar Hassan on Wednesday conducted a field inspection tour, visiting seven key sites across the districts of Al Muwaqqar and Sahab, including industrial, health, educational, and social facilities, as part of his routine field inspection visits. Accompanied by the Minister of Industry, Trade and Supply, the prime minister visited three factories in the two districts, reaffirming the government's ongoing support for the private sector, according to a Prime Ministry statement. He emphasised the government's commitment to providing incentives and support to expand successful investments, particularly in the industrial cities of southern Jordan. Hassan highlighted the importance of these investments in creating job opportunities for Jordanians and boosting export efforts. In Al Muwaqqar, the prime minister toured Al Rayhan Warehousing Company, which boasts an investment of JD100 million and employs around 2,000 workers. The company exports JD70 million worth of products annually, with a significant portion going to European and American markets. In Sahab, he visited United Pharmaceutical Industries, which exports nearly JD70 million worth of products annually and operates factories in Saudi Arabia and Algeria. All research and development for the company are conducted in Jordan. He also visited Al Wazir Detergents Company, which exports more than JD21 million worth of products and creates hundreds of jobs for Jordanians, contributing to both the national economy and exports. The prime minister also inspected the Queen Rania Al Abdullah Centre for Information Technology and Community Service in Al Muwaqqar, where he reviewed initiatives supporting women's empowerment, children's education, and social awareness. The centre runs the 'Makani' programme, which offers a safe space for community engagement, skill development, and educational opportunities for children and youth. Hassan directed support for the centre's expansion and improvement, including providing new computers and equipment for trainees to enhance their employment prospects. Further directives included renovating children's facilities, upgrading play areas, completing the centre's perimeter wall, enhancing security measures and providing transportation services for beneficiaries. Following up on a mystery shopper report, the prime minister visited the Department of Lands and Survey, East Amman Branch in Al Muwaqqar. He engaged with visitors and employees to assess service efficiency and emphasised the need for improvements in service quality, technical upgrades and faster transaction processing. In his visit to a Secondary School for Boys in Al Muwaqqar, Hassan ordered comprehensive maintenance, including the development of new sports fields and other student facilities. At Al Faysaliyah Health Centre, he instructed officials to expedite necessary repairs while ensuring uninterrupted healthcare services for the local community. He also assessed services at Al Naqeera Health Centre, which serves around 12,000 people. The prime minister was accompanied by the minister of local administration during the tour.
Zawya
05-03-2025
- Business
- Zawya
Jordan: Ministry warns against market manipulation during Ramadan
AMMAN; The Ministry of Industry, Trade, and Supply on Tuesday reaffirmed the legal consequences for merchants who conceal essential goods or refuse to sell price-controlled commodities during Ramadan, warning of fines up to JD3,000. The ministry also stressed that retailers who hide basic materials, overcharge, or unjustifiably refuse to sell price-regulated goods face penalties under existing legislation, including fines between JD1,000 and JD3,000, imprisonment for two to six months, or both. The ministry also cited Article 11 of the Industry and Trade Law, which requires merchants to clearly display prices for all merchandise, whether price-controlled or not, the Jordan News Agency, Petra, reported. "When direct labelling is impractical, a visible price list must be placed near the store entrance. Noncompliance carries fines between JD100 and JD500." As part of its Ramadan consumer awareness campaign, the ministry urged citizens to report violations via its complaints hotline (065661176), Facebook page ( or the official website (
