Amman: The Cabinet, in a session chaired by Prime Minister Dr. Jaafar Hassan, approved an amended bylaw for fees and service charges of Jordan Securities Commission (JSC) for the year 2025. The regulation aims to empower Amman Stock Exchange (ASE) to fulfill its duties and responsibilities by lowering the ASE-collected trading fee and the annual license renewal fee, which would positively impact its share of trading revenues and contribute to serving the interests of capital market institutions.
According to Jordan News Agency, the approval comes amidst a significant improvement in the ASE's performance, with the market recording its highest levels in the past two months for the first time in over 15 years, surpassing the 3,000-point mark for the first time since 2008. The Cabinet also approved the rationale for the draft bylaw for media spokespeople in ministries, institutions, and government departments for the year 2025. This step will pave the way for submitting the bylaw to the Legislation and Opinion Bureau to complete the necessary procedures for its issuance, which will then be published on the Bureau's website to solicit public feedback.
The bylaw represents a qualitative addition to efforts to modernize the government communication system, in line with the comprehensive political, economic, and administrative modernization vision. The regulation aims to establish a legislative framework to regulate the work of media spokespeople, which represents a crucial step to modernize and develop their roles, powers, and responsibilities, as well as unifying and defining communication and follow-up mechanisms and enhancing coordination among ministries and institutions.
Additionally, the Cabinet endorsed the mandating reasons for the draft amendment to the Ministry of Health's Administrative Structure Bylaw for 2025, prior to its submission to the Legislation and Opinion Bureau for formal approval. This bylaw aligns with the Ministry of Health's ongoing legislative procedures for the Medical Committees Bylaw for 2025. The bylaw aims to establish a Directorate for Medical Committees, which will emerge in the Ministry's administrative structure to ensure fulfillment of operational requirements and the public interest.
The proposed amendments will also define the responsibilities of the director of the newly established directorate and its staff to guarantee the efficient execution of technical and administrative tasks. In another move, the Cabinet decided to turn Director General of Jordan Standards and Metrology Organization (JSMO), Abeer Barakat Zuhair, into pension.