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Investment inflows recovering to ‘pre-crisis levels’

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN – Jordan’s investment inflows rose by 19.5 per cent in 2013 “reflecting investors’ confidence in the Kingdom’s economy and business environment”, a senior government official said Monday.

Jordan Investment Board (JIB) acting Chief Executive Officer Awni Rushoud said that the volume of projects applied to benefit from the Investment Promotion Law reached JD1.92 billion (around $2.7 billion) last year compared to JD1.61 billion ($2.2 billion) in 2012.

“Investor confidence in Jordan is increasing as capital inflows are recovering strongly to pre-crisis levels,” Rushoud told The Jordan Times over the phone, referring to investment volumes the Kingdom used to attract before the global financial crisis of 2008.

He indicated foreign investments represented 59 per cent of the overall projects applied to benefit from incentives, reaching JD1.13 billion, while investment by Jordanians amounted to JD797 million.

The industrial sector attracted 58 per cent of the investments, or JD1.1 billion. However, the JIB figures showed that capital inflows into the sector went down by nearly 20 per cent last year from JD1.39 billion in 2012.

Recreational and entertainment facilities came second in terms of largest investment inflows with JD527 billion, recording a sharp increase as in 2012 the value of projects in the sector stood at only JD25 million.

Investments in hotels increased from JD54 million in 2012 to JD142 million last year, the JIB chief said.

Rushoud described the projects whose owners applied to benefit from the incentives last year as added-value projects as they are expected to create 22,000 job opportunities once implemented within three years.

He noted that the JIB was able to achieve 96 per cent of the investment target for 2013, which was put at JD2 billion.

He attributed the increasing volume of investments to the fact that Jordan remained an “oasis of stability in a troubled region”.

He also highlighted the role of investment-related legislation and the business environment in the Kingdom in attracting investors.

Regarding 2014 outlook, Rushoud said that the new investment law, currently at the Lower House, will contribute to further inflow of investments, adding that JIB is also working on upgrading the investment map in Jordan.

The board will also launch promotional campaigns in several countries that would feature success stories of investors who picked the Kingdom as home for their projects. The official pointed out the JIB has formed a special committee to enhance the competitiveness ranking of Jordan in international business reports. This ranking has seen a downtrend over the past two years. 

Judeh meets Kerry, Lavrov in Paris over Mideast peace, Syria crisis

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — Foreign Minister Nasser Judeh on Monday held separate talks with the US Secretary of State John Kerry and Russian Foreign Minister Sergey Lavrov in Paris that focused on bilateral ties and the latest regional developments.

During his meeting with Kerry, Judeh voiced Jordan’s support for the US-brokered peace negotiations with the Palestinians and the Israelis. He reiterated that the establishment of an independent Palestinian state within the pre-1967 lines, with East Jerusalem as its capital is the ultimate goal of the peace talks, adding that the envisioned resolution must also be based on the Arab Peace Initiative.

Judeh stressed that all the other final status issues (Jerusalem, refugees, borders, water and security) lie at the heart of the Kingdom’s higher interests, the Jordan News Agency, Petra, reported.

The two officials reviewed preparations for the projected Geneva II peace conference on Syria, slated for January 22. Judeh renewed Jordan’s “unaltered” position on the Syrian crisis that calls for a comprehensive political solution that can safeguard the territorial unity of Syria and an end to the suffering of its people.

They also discussed ways to address the burdens on Jordan resulting from hosting more than 600,000 Syrian refugees and the need for the international community to shoulder its responsibilities towards Jordan to help it carry on with its humanitarian mission to aid the refugees.

During his meeting with Lavrov, Judeh called for enhancing the Jordanian-Russian relations in all fields, stressing the need to maintain consultations and coordination between the two sides over all issues of mutual concern.

Lavrov said the election of Jordan to the UN Security Council non-permanent seat reflected the fact that the world holds the Kingdom and His Majesty King Abdullah in high esteem.

Highlighting the pivotal role of Russia in the Mideast peace process, whether independently or through its role in the International Quartet, Judeh reiterated the call for establishing an independent Palestinian state with East Jerusalem as its capital.

On Syria, Judeh and Lavrov stressed the need to implement the resolutions of the Geneva I conference, especially those concerning the establishment of a transitional government in Syria, as well as the importance of holding Geneva II peace talks.

Judeh also briefed Russia’s top diplomat on the humanitarian consequences of the Syrian crisis on Jordan. 

EU offers aid to Jordan as education costs for Syrians ‘to reach JD400m’

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN –– With the cost of educating Syrian students in the Kingdom’s schools set to reach JD400 million by the end of this year, the EU on Monday granted Jordan 40 million euros (around JD38.6 million) to reduce the burden of hosting hundreds of thousands of Syrians.

Under two grant agreements, 30 million euros will go to the education sector, while 10 million euros will cover the cost of revamping sewage networks in the northern region, where Syrian refugees live among host communities, officials from both sides said.

Planning Minister Ibrahim Saif and EU Ambassador to Jordan Joanna Wronecka signed the agreements at a ceremony attended by Education Minister Mohammad Thneibat.

Saif explained that the 30 million euros to support the education sector –– to be added to another 33 million euros previously granted by the EU –– seeks to enable the government to cover the costs of hiring extra teachers, printing additional textbooks and distributing them to Syrian students, who are also exempted from tuition fees.

The 40 million euros are part of the additional EU aid pledges worth 60 million euros to help Jordan deal with the Syrian crisis, the minister noted.

Around 115,000 Syrian students are currently enrolled in public schools, and the number is expected to rise to 140,000 by the end of the year, according to Thneibat.

“Education expenses for Syrian students are going up every month,” he said, indicating that the cost of educating Syrians is set to reach JD400 million this year.

Official figures estimate the cost of teaching each Syrian student at JD3,000. “We at the EU appreciate the policies of the Jordanian government towards Syrians and we have a moral duty to support Jordan in such difficult times,” Wronecka said.

“At the beginning we focused our efforts on providing education to students in the Zaatari Refugee Camp, but then we realised that host communities need our support too,” she added.

The second 10 million-euro grant will be used for a project to improve sewage networks in the Beit Ras area in Irbid Governorate, some 80km north of Amman, to be implemented by the Water Authority of Jordan in cooperation with the German Development Bank.

On the sidelines of the signing ceremony, Saif indicated that Jordan and the EU are in talks to provide the Kingdom with a 180 million-euro soft loan, which is expected to be signed this year.

Six men handed prison terms for attempting to infiltrate Syria

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — The State Security Court on Monday sentenced six men to prison terms ranging from one to 15 years for attempting to infiltrate Syria to fight alongside jihadist forces last year.

The six men, who hail from Amman and the southern city of Maan, are reportedly veteran members of the hard-line Jihadi Salafist movement and allegedly intended to fight alongside Al Qaeda-linked Jabhat Al Nusra jihadist coalition against Syrian regime forces, according to a judicial source.

The men opened fire on border guards during their arrest, seriously injuring two members of the Jordan Armed Forces, the source said.

Further investigation revealed that the group had several semi-automatic weapons and ammunition in their possession.

Leaders of the Jihadi Salafists confirmed the sentencing, claiming it was part of an ongoing “crackdown” on the Islamist movement.

“These men did not open fire on security personnel and posed no threat to Jordan or the Jordanian people,” said Saad Hneiti, veteran leader of the Jordanian jihadist movement.

“This is part of ongoing pressure on the Jihadi Salafist movement and Islamist movements across the world, in order to force us to abandon the project of building an Islamic state in Syria.”

According to hardline Islamists, some 2,200 Jordanians are currently fighting alongside Islamist militants in Syria — comprising the largest contingent of foreign fighters opposing the regime.

In November last year, the State Security Court sentenced two Jordanians to prison for attempting to join Syrian jihadist groups, and in September imprisoned 11 men for alleged Syrian jihadist ties.

Local authorities continue to monitor the country’s 370-kilometre border with Syria to curb a rising flow of foreign fighters, with security sources reporting the arrest of 15 foreign jihadists since the beginning of the year. 

Jordan hosts regional ILO meeting

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — Jordan on Monday hosted a consultative regional meeting on the media coverage of migrant workers organised by the International Labour Organisation (ILO) in cooperation with Institut Panos Paris.

The meeting, held on the shores of the Dead Sea, gathered media executives, academic experts and representatives of civil society organisations from labour-exporting countries, according to a Labour Ministry statement.

Participants discussed the quality of information and media reports published on migrant workers in the Middle East.

Labour Ministry Secretary General Hamadah Abu Nijmeh said at the meeting that the region is currently going through unprecedented complications, especially with the large influx of Syrian refugees who have found their way into the host countries’ — including Jordan’s — labour sector, depriving the natives of job opportunities.

Thanking the ILO for its continuous cooperation with the ministry and for the attention it gives to Jordan, Abu Nijmeh said the Kingdom has maintained the presence of migrant workers in its labour market within a clear legal framework that safeguards their rights and the rights of their employers despite the current regional crisis.

The authorities, he added, seek to respect the rights of these guest workers without encroaching on the employment opportunities of Jordanians to ensure that the rate of unemployment in the Kingdom does not increase further.

The secretary general called for developing media content that develops a labour culture based on justice, equal opportunities and the rule of law.

Monday’s meeting was the first of a series within a project aimed at enhancing media coverage of migrant workers, according to the organisers.

Campaign to promote small business loans

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN –– Authorities will soon launch a promotion campaign to encourage more Jordanians across the country to apply for small business loans, which, according to officials, has become easier.

At a press conference on Monday, Planning Minister Ibrahim Saif said the campaign will mainly target residents of poverty pockets and remote areas, in addition to Jordanians outside the capital who have business ideas.

The lending scheme will be implemented by the Planning Ministry’s Enhanced Productivity Centres project (IRADA), the Development and Employment Fund (DEF) and the Jordan Loan Guarantee Corporation (JLGC).

Loans with low interest rates will be extended by the DEF, while IRADA will act as a helping arm for entrepreneurs by conducting feasibility studies on their business ideas and offering technical and marketing services throughout the project.

The JLGC will cover nearly 70 per cent of the guarantees needed by the lending institution to make loans easier and more accessible, Saif explained.

In a bid to encourage more people to apply for credit facilities, the minister said the DEF has cut down its interest rates from 5 per cent to 4 per cent for potential beneficiaries in poverty pockets, adding that interest rates can go down to 3 per cent for entrepreneurs in Maan.

The maturity period was also extended from six years to seven years for projects in poverty areas, while it will be eight years for entrepreneurial projects.

The grace period will be 12 months instead of six months, Saif noted, adding that loans worth JD18 million have been extended to beneficiaries.

Over the past, more than 4,500 projects received financing from the lending scheme, creating over 7,500 permanent employment opportunities, the minister said.

JLGC Director Mohammad Jafari said interest rates for projects outside Amman are always lower than for those implemented in the capital, but demand on loans for small- and medium-sized enterprises is still higher in Amman.

“There are many people across the country who have good business ideas, but are in need of soft loans,” Saif said, adding that the promotion programme seeks to increase the awareness of governorates’ residents about the credit facilities extended by the initiative. 

Four injured in Irbid brawl

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — Four people were injured during a brawl in the town of Barha in Irbid Governorate on Monday, according to a police official.

“The brawl was between individuals from the same family who differed on where to bury a dead woman,” Public Security Department (PSD) Spokesperson Major Amer Sartawi told The Jordan Times.

The argument became heated and weapons were used resulting in four injuries, Sartawi said, adding that several houses were also set ablaze.

Gendarmerie forces were dispatched to the area and brought the situation under control, according to the PSD spokesperson.

Police are questioning dozens of people to find out more about the incident and who was involved, he said.

‘Wanted man involved in shoot-out with police succumbs to his wounds’

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — A wanted man, who reportedly sought treatment at a hospital after being shot at by police following a car chase in Maan late Sunday night, died as a result of his wounds on Monday, according to an official source.

Three policemen who were involved in the chase were also injured and treated, Public Security Department Spokesperson Major Amer Sartawi told The Jordan Times.

The suspect was in a pickup truck with another man and refused to pull over when a traffic patrol tried to stop them because they were wanted on several charges, according to Sartawi.

“The two suspects fired at the patrol car and several police vehicles started chasing the pickup truck,” the police official said.

Police had to respond to the shooting and it “seems they managed to injure the two men in the pickup truck,” he added.

The pickup slammed into other police vehicles and the suspects drove to Maan Public Hospital after both of them were injured, Sartawi noted.

The main suspect, who underwent surgery, died early Monday morning, while the second is listed in stable condition, he said.

Majali discusses refugee crisis with int’l officials

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — Jordan is still receiving huge numbers of Syrian refugees on a daily basis, Interior Minister Hussein Majali said on Monday, underlining the pressure this places on vital sectors, such as education, health, water and energy.

During a meeting with Luxembourg Foreign Minister Jean Asselborn, Majali cited Jordan’s dire need for more international assistance to enable it to continue providing humanitarian services to the refugees.

The interior minister highlighted the Kingdom’s stance in supporting efforts to come up with a comprehensive solution for the crisis that would end the bloodshed, and preserve the cohesion and unity of the Syrian people.

For his part, Asselborn called on the international community to provide more support to Jordan, voicing hope that the Syrian crisis would be resolved soon.

Discussions also covered means to develop bilateral ties, by expanding cooperation in security, economy and political spheres.

During a separate meeting with Assistant US Secretary of State for Population, Refugees and Migration Anne C. Richard on Monday, talks also focused on the security, economic, political and humanitarian consequences of the Syrian crisis on Jordan.

Richard voiced her country’s appreciation for Jordan’s humanitarian role towards the Syrian refugees despite its economic woes.

Moreover, Majali delivered a lecture on Monday that focused on the negative impact of the Syrian crisis on the Kingdom,

Speaking at the Jordan Institute of Diplomacy, he noted that Jordan is the only country in the region that has received huge numbers of refugees to a degree that exceeds its capacity.

Also on Monday, Majali met with British Ambassador to Jordan Peter Millett and underlined the importance of the UK-Jordanian partnership, calling for exchanging expertise and information in the security field to combat crime and restore stability in light of the turbulence the region is going through.

‘Thousands of saplings to be planted across Kingdom after snow wreaked havoc on trees’

By - Jan 13,2014 - Last updated at Jan 13,2014

AMMAN — Thousands of saplings will be planted across the country on Wednesday to compensate for the trees destroyed in December’s snowstorm, which was a “strong blow” to Jordan’s forestry sector, an official said on Monday.

More than 10,000 saplings will be planted in celebration of Arbour Day and also to replace thousands of trees that were damaged late last year, Agriculture Ministry Spokesperson Nimer Haddadin said.

“During this time every year, the ministry’s forestry department plants saplings on hundreds of dunums to expand the green cover. This year, however, will be different, as the new saplings will replace thousands of uprooted trees,” Haddadin told The Jordan Times over the phone.

A nationwide campaign to plant trees across the country will be launched from a forest in Deir Alla in the central Jordan Valley, where over 10,000 saplings will be planted on 200 dunums, he added.

“The ministry started planting trees in the 70,000-dunum Deir Alla forest in 2009. The step seeks to create more green spaces in the country, especially in areas that lack forests,” Haddadin noted.

The spokesperson said the forestry department’s 13 nurseries across the country will provide the saplings, noting that they produce 3 million saplings of 80 different kinds every year.

“The department annually distributes 1.5 million saplings to the public free of charge, in addition to 500,000 saplings to public and private institutions. Another one million saplings are left at the nurseries to produce more,” Haddadin highlighted.

The tradition of Arbour Day in the Kingdom began in 1939 with a ceremony held in the Jabal Al Qalaa neighbourhood.

Since then, it has been an annual celebration, with the Agriculture Ministry choosing a different location each year to plant various saplings.

Illegal logging during winter, wild fires in summer and insufficient rain due to climate change are the main threats to Jordan's shrinking green cover, which stands at less than 1 per cent of the country's total landscape, according to experts.

Several projects were launched over the past years to increase forest terrain in Jordan and create more green spaces, including the national forestry project, the forests protection project and the Green Belt project, under which trees are planted along the desert road, which links the country’s central and southern regions.

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