King Abdullah II said he still believed Jordanians were able to make the future brighter. Photo: Jordanian Royal Palace
King Abdullah II said he still believed Jordanians were able to make the future brighter. Photo: Jordanian Royal Palace
King Abdullah II said he still believed Jordanians were able to make the future brighter. Photo: Jordanian Royal Palace
King Abdullah II said he still believed Jordanians were able to make the future brighter. Photo: Jordanian Royal Palace

King Abdullah praises Jordan's progress despite challenges in 60th birthday letter


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Jordan has been a “land of achievement” despite recent economic difficulties, King Abdullah II said in a letter to the nation to mark his 60th birthday on Sunday.

“Jordan has proven that it is the land of goodness, and the homeland of achievement and distinction, despite its limited resources,” King Abdullah II said in his letter.

“The march has slowed down but did not stop,” he wrote.

“I am full of pride with all what the Jordanians have done, despite the challenges and difficulties, to prove again and again that their will and awareness are stronger than the mightiest of storms.”

Jordan is experiencing an economic slowdown because of external factors as well as an internal resistance to change, he said.

The country’s economy has been sluggish for most of the past decade, falling officially into recession in 2020 before a slight rebound last year. The official unemployment rate is hovering near 24 per cent.

“Difficulties have deepened in the last few years and our region has flared with crisis that cast a shadow on us,” King Abdullah II wrote in his letter.

Along with the hosting of thousands of Syrian refugees who fled to Jordan since the 2011 revolt against President Bashar Al Assad, the monarch cited “security challenges on our border”, an apparent reference to drug rings operating from Syrian territory and other groups deemed hostile to the kingdom.

The king said foreign financial support had also reduced, leading “to the slowdown of our march, which also suffered from weakness of institutional work and foot-dragging in executing programmes and plans".

He also cited a “bureaucratic hunkering down and a closing in the face of change”, as well as the coronavirus pandemic.

Jordan, which has a population of 10.7 million. It is one of the largest recipients of US aid and hosts thousands of American military personnel.

The country has been a destination for refugees from other parts of the region since independence in the 1940s, starting with Palestinians, followed by Iraqis and Syrians.

“I know that you know that our reality does not rise up to the level of our ambition, and this we do not accept for our homeland,” King Abdullah II said.

The monarch said he still believed Jordanians “are able to make the bright future we want”.

He said he directed the Royal Court to gather economic specialists to come up with “a thorough vision and firm roadmap for the coming years to achieve sustained growth that guarantees the doubling of work opportunities”.

The monarch said the plan should also aim to attract foreign investment and expand the middle class in ways that “guarantee a better quality of life”.

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Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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Dubai Sports City Eagles 8 Dubai Exiles 85

Eagles
Try:
Bailey
Pen: Carey

Exiles
Tries:
Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3

Man of the match: Tomas Sackmann (Exiles)

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Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

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He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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Updated: June 20, 2023, 7:21 AM