AGP Executive Report
Last update: 9 hours agoEnergy & Trade Security: Iran’s closure of the Strait of Hormuz to all shipping after U.S. airstrikes is rattling global oil markets and raising fears of a wider energy shock, with regional strikes including Jordan. Energy Policy: Jordan’s Cabinet approved a 15-year extension for the National Petroleum Company’s Risha gas concession until 2061, aiming to lift output to 418 million cubic feet per day by 2030 and 810 million by 2035. Regional Integration: Deputy PM/FM Ayman Safadi led talks in Damascus with Syria on boosting economic, transport, customs and water cooperation, including easing logistics through the Jaber–Nassib border crossing. Public Finance: Prime Minister Jafar Hassan ordered ministries to cut 2027 operating costs by 15% and tighten budget ceilings, while prioritizing projects tied to the Economic Modernisation Vision. Startups & Investment: The Innovative Startups and SMEs Fund (ISSF) committed $7m to Endeavor Catalyst V to pull more international venture capital into Jordan’s startup ecosystem. World Bank Partnership: Hassan met World Bank MD Anna Bjerde to align cooperation priorities across energy, transport, water, education, healthcare and digitalization.
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