AGP Executive Report
Last update: 8 hours agoWorld Bank Upgrade: Jordan has been reclassified as an upper-middle-income economy in the World Bank’s FY2027 income classifications, effective 1 July 2026, after a rebasing exercise lifted GNI per capita to $5,260 (above the $4,636 threshold). Capital Markets: The Amman Stock Exchange saw lower activity and a weaker benchmark in the week from June 28 to July 2, with average daily trading value down to JD 12.0m and the ASE General Share Price Index falling 1.52% to 3,806.9 points. Energy Sector: The World Bank restructured its Electricity Sector Efficiency and Supply Reliability Program in Jordan, extending a key reform-indicator deadline to 31 Dec 2026 due to delays linked to regional geopolitical tensions. Power Planning: Energy experts say planned 700 MW power plants (two units) could strengthen electricity supply security, but success depends on an integrated approach covering renewables and grid upgrades. Tax & Reporting Skills: Jordan’s Income and Sales Tax Department ran a workshop with JACPA on IFRS 18 amendments to improve financial reporting quality and tax administration readiness. Infrastructure Works: The Ministry of Public Works and Housing will start maintenance on Russeifa Bridge expansion joints, using partial lane diversions to keep traffic moving while works proceed.
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