AGP Executive Report
Last update: 6 hours agoWater & Industry: The Cabinet approved a JD120m steel pipe manufacturing and coating plant tied to the National Water Carrier Project, targeting local supply for water, gas and pumping projects and creating about 420 Jordanian jobs. Public Finance: Economists say lower debt-servicing costs in 2025 (interest payments down to JD90.9m from JD396m in 2024) gave the government more room for development spending. Credit & Confidence: S&P affirmed Jordan’s BB- sovereign rating with a stable outlook, pointing to resilience, rising foreign reserves, and ongoing reforms supported by the IMF. Digital Labor Services: Jordan will automate foreign labor services within two months, digitizing Ministry of Labor procedures and linking future phases to the Sanad portal. Local Business & Payments: Valu Jordan partnered with Harley-Davidson Amman to offer “buy now, pay later” options via the Valu app at point of sale. Tourism Economy: Wadi Rum’s astro-tourism is generating at least JD3m annually for the local community, with dark skies and nighttime experiences driving demand. Markets: ASE turnover hit JD15.3m on Sunday; the index slipped 0.02%. Business Integration: The Jordanian-Saudi Business Council urged a joint economic action plan with concrete projects, investment, and stronger supply-chain resilience.
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