Day: January 16, 2023

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Government Policy

King urges prioritising investment opportunities based on Economic Modernisation Vision

Amman, His Majesty King Abdullah on Monday reaffirmed the importance of defining investment priorities, in accordance with the Economic Modernisation Vision and administrative modernisation plans, as this year is dedicated to implementation.

During a follow-up meeting on the government’s plans for investment at Al Husseiniya Palace, King Abdullah noted that time is of the essence with regard to implementation, according to a royal court statement.

At the meeting, attended by His Royal Highness Crown Prince Al Hussein bin Abdullah II, His Majesty stressed the importance of moving forward with promoting investment opportunities in target markets, to position Jordan as an attractive investment destination.

The King underscored the need for accelerating public-private sector partnership projects, and finding new investment opportunities whose returns would contribute to economic growth.

Speaking at the meeting, Prime Minister Bisher Khasawneh gave a brief on the Investment Environment Law, which came into force recently, and the government’s efforts to continue introducing relevant legislation and regulations aimed at reducing bureaucracy and streamlining processes for investors.

He added that the investment ministry is undergoing a restructuring under the administrative modernisation plan, with expected new hires that specialise in investment promotion and follow-up, adding that the ministry’s role will be the sole reference point for investors.

Investment Minister Kholoud Saqqaf noted that the government’s investment promotion strategy (2023-2025), which will be launched soon, will include the ICT and related services sectors, as well as tourism and medical tourism, pharmaceuticals and bio-sciences, healthcare, the food industry, clothing and textiles, agriculture, logistics, mining, and chemicals.

Saqqaf said the “Invest in Jordan” online platform is slated for launch soon, and will include an interactive investment map, investment opportunities, public-private partnership projects, preliminary feasibility studies for potential investments, incentives granted in accordance with the law, sectoral factsheets, the competitive advantages of all sectors in the Kingdom, and an updated doing of business guide.

Source: Jandan News Agency

Categories
General

Jordan, Ireland foreign ministers talk ties, region

Amman, Foreign Minister Ayman Safadi and the Irish Foreign Minister Micheal Martin Monday talked over the phone about Jordan-Ireland ties and regional developments, especially in the occupied Palestinian Territories.

Safadi and Martin noted the two countries’ commitment to increasing cooperation and coordination, bilateral ties and ties as part of Jordan’s partnership with the EU.

Safadi commended Ireland’s support for the Palestinian cause, Jordan’s custodianship role of Islamic and Christian holy sites in occupied Jerusalem and the support provided by Ireland to UNRWA, noting the “important” role that Ireland played during its non-permanent membership in the Security Council, which ended last December.

In turn, Martin affirmed his country’s interest in boosting bilateral ties and lauded Jordan’s role in upholding regional security, stability and peace and hosting refugees.

Source: Jandan News Agency

Categories
General

Seismological Observatory denies quake in southern Jordan

Amman, The Jordanian Seismological Observatory Monday denied that an earthquake occurred in the southern Karak and Tafila governorates or adjacent areas.

The observatory received several calls today about an earthquake in the south, said head of the observatory Ghassan Sweidan, adding that the facility is working around the clock monitoring any earth shakes or quarry blasts, but no such movements were recorded.

Source: Jandan News Agency

Categories
Business & Finance

Cabinet approves mandating reasons for bill amending ‘Sharia Procedure Code’

Amman, The Cabinet Monday approved the mandating reasons for a bill amending the “Shari’a Procedure Code” for 2023 before sending it to the Legislation and Opinion Bureau.

The bill aims to enable Sharia courts, the Public Prosecution Office and offices for reform and family reconciliation to degitilise their work, leverage technology, and develop litigation and documentation procedures.

The Cabinet approved the mandating reasons for a bill amending the bylaw of the Social Solidarity Fund for Sharia judges and assistants for Sharia judges for 2023.

It approved the mandating reasons for the draft bylaw of committees in the Jordanian Medical Council for 2023.

Once officially published, the bylaw would allow the establishment of technical committees for the various tasks of the Council after the issuance of the Jordanian Medical Council Law No. (18) for 2022.

The Cabinet approved that Jordan would host the Arab Centre for Social Policy Studies and the Eradication of Poverty in Arab Countries.

Source: Jandan News Agency