Jordan

Jordan's mufti issues fatwa against electronic currency trading

Jordan Amman - Jordan's top religious official on Saturday issued a fatwa (judgement) that bans electronic trading of currencies owing to the "financial risks" involved in such a type of business.

"Trading of currencies is a taboo and illegal from a religious viewpoint, given the financial risks involved in such transactions," Grand Mufti Nouh Salman said.

Earning profits from the trading of money, which is not seen as an asset under most interpretations of Islamic law, is frowned upon by many Muslim religious scholars.

Jordan's forex reserves up 11 per cent in first seven months

Amman - Jordan's reserves of hard currencies grew by 11 per cent in the first seven months of the year, the Central Bank of Jordan (CBJ) announced Thursday.

Jordan offers to supply Lebanon with part of its electricity needs

Jordan, AmmanAmman - Jordan on Wednesday offered to supply Lebanon with between 50 and 70 megawatts of electricity daily for the coming 16 months, the Jordanian Minister of Energy and Mineral Resources Khaldoun Qteishat said.

Qteishat said he made the offer during a meeting of energy ministers of Jordan, Lebanon, Syria and Egypt, who met in Amman Wednesday to discuss meeting Lebanon's requirements.

Jordan offers to supply Lebanon with part of its electricity needs

Jordan, AmmanAmman - Jordan on Wednesday offered to supply Lebanon with between 50 and 70 megawatts of electricity daily for the coming 16 months, the Jordanian Minister of Energy and Mineral Resources Khaldoun Qteishat said.

Qteishat said he made the offer during a meeting of energy ministers of Jordan, Lebanon, Syria and Egypt, who met in Amman Wednesday to discuss meeting Lebanon's requirements.

Jordan's king to visit France this week, premier says

King Abdullah IIAmman- Jordan's King Abdullah II will visit Paris later this week for talks with French President Nicolas Sarkozy on the latest Middle East developments, Prime Minister Nader Dahabi said Monday.

"Jordan looks with special interest and appreciation to France's effective role in reactivating the peace negotiations between the Palestinian and Israeli sides," Dahabi told a delegation representing the Jordanian-French Parliamentary Friendship Society.

Jordan's king to visit Moscow on Sunday

Jordan's king to visit Moscow on SundayAmman - King Abdullah II

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