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French Version

Business Scene

ASE’s landmark feat !
* The price index of the Amman Stock Exchange (ASE) fetched its highest mark ever at 200.25 points. The upsurge took place on Thursday, June 26 and was attributed to the rise in share prices of mainly banks and industries. The Arab Bank’s share rose by JD 4.5 on Thursday to JD 213, which is the highest since July 2002. Trading in the Bank’s shares reached JD 2.1 million, which is 30 percent of JD 7.2 million overall volumes traded that day. The ASE’s price index is expected to continue its rise as the overall impression at the stock market shows rising buoyancy among shareholders.

New Chamber of Commerce!
* Elections for the new Chambers of Commerce in Jordan will take place before the end of this year. The Ministry of Trade and Industry is working on new procedures and regulations to organize the elections in a smooth manner. A new temporary law adopted recently paved the way to hold these elections within the coming six months. Sources at the Ministry indicated the elections would be organized in late summer or early autumn. The temporary law also requests the establishing of the Jordan Chamber of Commerce later this year. Local merchants and businessmen regard the elections vital to reinvigorate the role of the private sector in the economic development.

Power consumption
* Jordanians consumed 5.3 million tons of oil products in 2002, a 2.7 percent increase over 2001. Power-generation accounted for most use followed by the industrial sector. The annual report by the National Electricity Co (NEC) indicated that a rise in demand for electricity was registered last year where the Kingdom consumed more than 1410 megawatt compared to 1255 megawatt in 2001. The average individual consumption of electrical energy last year was 1585 kilowatt per hour, while a year ago the average was 5 percent less.

Cement reinforces supplies
* Jordan Cement Factories Co (JCFC) will increase its production and supply to local markets by 25 percent, starting this July. Dr Muayad Samman, the JCFC’s deputy general manager, said the decision was made due to the increasing demand for cement in Jordan. He said the company would introduce a new mechanism to regulate the delivery of cement to local merchants. Samman indicated that the JCFC’s two factories in Fuheis and Al Rashadiah are working at full capacity of 4.5 million tons of cement.

Diplomats serve economy
* The 2nd Annual Economic Meeting of Jordanian Ambassadors will take place in Amman later this month. The weeklong meeting, which will start on July 24, will assess the performance of Jordanian diplomatic missions around the world for the past 12 months, regarding their role in promoting the Kingdom’s economic and touristic features. The meeting will also focus on plans to enhance trade relations between Jordan and the rest of the world. During their stay in Jordan, the ambassadors will have the opportunity to visit some of the economic institutions, including the QIZs and the Aqaba Special Economic Zone. The ambassadors’ first annual meeting in August 2002 aimed at putting forward new mechanisms to adjoin the Jordanian embassies worldwide in a special business network to promote Jordan internationally.

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The Star

Some Marks
To see in Jordan
Fairs & Exhibitions
Useful Addresses
Media of 1stjordan
Impact of 1stjordan
The 'First Jordan' Card
Press Book
Exotica - Flowers - Shopping on line
Engineering Consultants Lebanon
Nsouli Jewelry Lebanon
Hotel Beirut Lebanon
Rent Villas France for Holidays, Seasonal Rentals France
Sole Agent for Philips & Whirlpool in Lebanon
Arab Printing Press Lebanon
Hotel Beirut Lebanon
Arabic Music, CD Arabia
Hotels Syria
Groupe PMR