News on business and economy in Jordan

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In the past 12 hours, Jordan’s most prominent regional thread has been the renewed push for de-escalation and cooperation around the eastern Mediterranean and the Strait of Hormuz. Cyprus, Greece and Jordan reaffirmed strategic cooperation in Amman at their fifth trilateral summit, issuing a joint declaration that emphasized expanding work in trade, energy, investment and culture, while also stressing supply-chain resilience, secure trade routes and transport infrastructure. The leaders also expressed “deep concern” over dangerous escalation in the Middle East and called for intensified international efforts to de-escalate tensions. Greek Prime Minister Kyriakos Mitsotakis, in remarks tied to the summit, urged a return to the “previous status quo” for freedom of navigation through the Strait of Hormuz, framing diplomacy as the path forward.

On the energy front, Jordan also moved to secure near-term gas supply continuity. NEPCO signed an agreement with Excelerate Energy to lease a floating storage and regasification unit (FSRU) for the Sheikh Sabah LNG Terminal in Aqaba, described as a transitional measure ahead of the expiration of the current FSRU at the end of June 2026. The stated aim is to ensure uninterrupted natural gas supplies, strengthen energy security, and maintain readiness to receive LNG shipments while an onshore regasification project is completed.

Several additional Jordan-focused items appeared in the last 12 hours, but they read more like policy and institutional updates than major turning points. These include: the launch of a national “Your Financial Compass” program for economic awareness and financial literacy; a Cabinet meeting considering a draft law on drones; and an Amman Stock Exchange update showing the index up 0.62% in Wednesday trading. There was also coverage of Jordan’s outbound tourism declining 8% in early 2026, alongside broader commentary on online gambling as a growing challenge in Jordan.

Looking slightly further back for continuity, the same trilateral summit agenda and regional security framing persisted, including discussion of keeping the Strait of Hormuz open to maritime navigation and the Palestinian issue being “at the forefront” of summit talks. Earlier coverage also included Jordan’s broader regional energy integration themes (gas exchange arrangements and supply cooperation with neighbors), reinforcing that the current Amman summit is part of an ongoing effort to link diplomacy, trade and energy resilience rather than a one-off event.

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