AGP Executive Report
Last update: 7 hours agoCorporate Performance: Listed companies’ net profit after tax rose 4.8% to JD1.776 billion in the first nine months of 2026, despite a 9.6% drop in industrial-sector profits. Service-sector earnings jumped 66%, while Arab Potash’s profit climbed 34% to JD169 million. IMF Funding: A staff-level agreement could unlock a $294 million tranche for Jordan, pending approval by the Fund’s executive board; the IMF said programme targets were largely met despite regional uncertainty. Budget and Growth: The 2027 budget plans a JD30 monthly pay rise for employees and retirees, alongside major projects intended to support growth. Digital Finance: Jordan Post and Mastercard launched the BareedPay digital payments programme, while a World Bank grant will support Sanad and AI application development. Export Services: Amman-based Joramco secured new and extended aircraft maintenance agreements, including a five-year deal with Condor and an extension with DHL.
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