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Business Scene

Amman Stock Exchange (ASE) saw trading worth JD 61 million in August. This is an increase of JD 37 million over the same month in 2000. ASE volume in the first eight months of 2001 also increased by 75 percent over the same period last year to JD 377.2 million.

* Amman Stock Exchange (ASE) saw trading worth JD 61 million in August. This is an increase of JD 37 million over the same month in 2000. ASE volume in the first eight months of 2001 also increased by 75 percent over the same period last year to JD 377.2 million. ASE sources indicated shares of the banking and industrial sectors are expected to maintain an upward trend for the remainder of the year. In August, ASE trading passed through the psychological barrier of 140 points, hitting 150 points for the first time this year.

* The National Aid Fund (NAF) gives JD 4.11 million in monthly financial assistance to more than 50,000 Jordanian families. Khaled Ghneim, NAF's director general, said the fund is ready to help more families suffering from a lack of financial resources. He noted that NAF pursues strict measures designed to ensure they are able to provide many needy families with monthly aid.

* The US was the principal importer of some JD 50 million worth of Jordanian exports during the first half of this year. India came next with JD 48.4 million, Saudi Arabia followed with JD 45 million. Jordan's exports this year to non-Arab Asian countries were worth JD 130 million, a decline of 12 percent from the same period in 2000. EU imports of Jordanian goods this year increased by 50 percent to JD 24.1 million. Jordan's exports in the first half of 2001 are worth JD 500 million.

* Labor-related injuries over the past 10 years cost the Kingdom more than JD 84 million. About 50 percent of these injuries took place in the mining sector, followed by the services sector with 16 percent. The banking sector came last in labor injuries at 2 percent. In 2000 labor-related injuries cost the government JD 5.4 million. The Ministry of Labor is currently working on a plan with the Ministry of Health, the Social Security Corp, and the Vocational Training Corp to increase awareness among job-site supervisors on ways to minimize risks during work and prevent injuries from taking place.

* Deposits at Jordanian bank branches in the Palestinian territories increased 10 percent over the same period last year. These deposits are now estimated at JD 1.72 billion. Approximately JD 1 billion of these deposits were made in US dollars. Palestinian financial sources predict deposits at branches of Jordanian banks will double by the end of this year to JD 2.3 billion.

* The semiannual profits of Jordan's newspapers failed to surpass last year's numbers of JD 1.33 million. The Jordan Press Foundation (Al Rai) saw a decrease this year of JD 220,000 to JD 1.01 million. The Jordan Press and Publication Co (Ad Dustour) turned a profit, seeing an increase of JD 315 thousand. Assets and public shareholding of Jordanian newspapers declined to JD 23.5 million and JD 19 million respectively. Neither of Jordan's other two Arabic weeklies, Al Arab Yawm and Aswaq, revealed their financial statements for 2001.

* Jordanian private universities supply the treasury with $300 million in hard currency annually. These universities provide more than $200 million in investments and spend $100 million on operational outlays. There are 13 private universities in Jordan, providing jobs to 4300 employees, including 1550 faculty members.

* Annual business transactions at the Jordan Civil Service Consumer Corp (JCSC) are estimated at JD 35 million. This is in addition to the corporation's JD 80 million in assets. JCSC's import of goods is estimated at JD 28 million per year. The corporation operates 36 branches around the Kingdom, and employs more than 1000 people who receive JD 3 million in wages.

The Star redaction
The Star

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The 'First Jordan' Card
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