Sana'a.. Houthi blackout on the revenues and expenses of the Education Support Fund
تاريخ النشر: 22nd, August 2023 GMT
For the fourth year in a row since the decision to establish it in September 2019 with the aim of supporting teachers and students and supporting literacy and adult education programs, ambiguity surrounds the fate of the revenues of the Education Support Fund run in Sanaa by the Houthi militia - the Iranian arm in Yemen.
Representatives of the Sana'a Parliament, during its session held on Sunday, August 20, 2023, demanded the Ministry of Education - run by the Houthi militia - for a detailed report on the work of the Teacher Support Fund, the fate and size of its revenues, and the aspects and size of its expenses.
In an attempt to evade the Fund's obligations towards teachers in Sana'a, the Houthi leader appointed as Deputy Minister of Education, Khaled Jahader, claimed that the Fund's resources are weak compared to the size of the need, as well as "supporting the printing of textbooks with nearly five billion of the Fund's revenues," without indicating the volume of sales. The textbook is on a black market fabricated by the Houthi group to make exorbitant financial profits.
While the Houthi leader evaded explaining the reasons for not disbursing the incentive allocated to teachers from the revenues of the Education Support Fund, deputies stressed the importance of teachers obtaining their rights from the incentive, "and discussing alternatives and solutions to ensure the payment of their salaries to continue performing their duties in educating young people."
Some of the resources of the Education Support Fund
According to the law of its establishment, the fund was supposed to support and train teachers as they are the main pillar in the educational process and support them financially during crises and emergencies and in the event that the ministry is unable to provide their dues in a manner that guarantees the sustainability of education.
Some of the fund’s resources include the annual allocations approved by the government in the state’s general budget, the addition of one riyal for each liter of domestic or imported oil, diesel and gas, and 50% of the value of annual school fees.
In addition to 2% added to the qat sales tax, 1% added to customs duties for goods and merchandise at the main ports, 1% added to the value of internal and external land, air, and sea travel tickets, and 0.5% added to the value of each local or imported bag of cement by weight. 50 kg, 2% is added to the value of each carton of local or imported cigarettes, and 1% is added to the value of each telephone bill (landline or mobile) and internet services.
المصدر: نيوزيمن
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SSIF’s assets grew by JD 1.7 billion to reach nearly JD 18 billion at the end of Q3 2025
صراحة نيوز –
The Social Security Investment Fund (SSIF) reported a record performance for the first nine months of 2025, with total assets nearing JD 18 billion by the end of September — an increase of JD 1.7 billion, or 10.6 percent, since the beginning of the year.
This growth was driven by an increase in total income, which advanced to JD 1.6 billion compared with JD 664.5 million for the same period last year — a 133.5 percent increase — along with the JD 164 million surplus transferred from the Social Security Corporation.
Total income was primarily derived from JD 809.6 million in realized income from the Fund’s investment portfolios and JD 741.7 million in revaluation gains from its strategic equity holdings.
Net income generated from the Fund’s diversified portfolios grew by 16 percent year-on-year, supported by income of JD 454.6 million from bonds, JD 222.4 million from equities, and JD 104.9 million from money-market instruments, in addition to returns from loan and real-estate investments.
The Fund’s assets were mainly allocated to bonds 57.8 percent, equities 18.2 percent, money-market instruments 12.6 percent, real estate 5 percent, loans 3.2 percent, and tourism investments 1.8 percent.
Chairman of the Investment Board, Omar Malhas affirmed that the results achieved during the year reflect the Fund’s solid and disciplined investment approach, which is based on long-term planning, diversification of investment instruments, and investment in viable projects that add value to the national economy.
He added that the Fund continues to strengthen its position as a pivotal national partner in implementing major strategic projects that form a key pillar of sustainable growth in the Kingdom—most notably through its participation in the National Water Carrier Project. He further noted the Fund’s commitment to pursuing investments that enhance portfolio diversification and align with the objectives of the Economic Modernization Vision.
Malhas emphasized that these strategic ventures demonstrate the Fund’s investment-driven national mission to generate sustainable returns that reinforce its financial strength. He added that this approach also reflects the Fund’s enduring institutional role in supporting the Kingdom’s economic framework and promoting a stable, efficient, and forward-looking investment environment.
SSIF CEO, Dr Izzedine Kanakrieh, stated that the Fund continued during the third quarter to translate its investment plans into tangible results through active portfolio management and prudent decision making, reflecting mature and disciplined policies.
He noted that the Fund has strengthened its holdings in several strategic listed companies on the Amman Stock Exchange, guided by a measured approach based on thorough evaluation and well-studied opportunities that enhance value and reinforce the Fund’s long-term position. This approach, he said, reflects confidence in Jordan’s capital-market outlook and underscores the Fund’s commitment to institutional investment practices that balance return and sustainability.
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The Social Security Investment Fund will continue to implement its long-term investment strategy, guided by an institutional approach that combines efficiency and sustainability, and enhances its enduring contribution to Jordan’s economic and social progress and development.
المعتقلان جهاد يوسف ومحمد رجا يتعرضان لإهمال طبي متعمد في "النقب"