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Jordan Government Appoints Sharkas as New Central Bank Governor

A general view of the Central Bank of Jordan in downtown Amman, October 12, 2011. REUTERS/Muhammad Hamed
A general view of the Central Bank of Jordan in downtown Amman, October 12, 2011. REUTERS/Muhammad Hamed
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Jordan Government Appoints Sharkas as New Central Bank Governor

A general view of the Central Bank of Jordan in downtown Amman, October 12, 2011. REUTERS/Muhammad Hamed
A general view of the Central Bank of Jordan in downtown Amman, October 12, 2011. REUTERS/Muhammad Hamed

The Jordanian Cabinet on Wednesday appointed Adel Sharkas, a longtime Central Bank of Jordan (CBJ) official, as the new governor succeeding Zyad Fareez, Petra News Agency reported.

Prime Minister Bisher Khasawneh thanked the outgoing CBJ governor for his service and role in "cementing the Kingdom's monetary stability and reforms at critical economic circumstances.”

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India and Germany Launch Green Hydrogen Roadmap

Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo
Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo
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India and Germany Launch Green Hydrogen Roadmap

Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo
Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo

Germany and India plan to strengthen their cooperation in the field of hydrogen, which stands as a beacon of hope for clean energy, especially if renewable energy sources are used in its production.
Both countries have signed a green hydrogen roadmap on the research and development of hydrogen on the sidelines of Germany-India government consultations in New Delhi.
“The hydrogen roadmap does not mean that the governments will do everything, rather they have defined various work areas that are now being attended to,” German Economy Minister Robert Habeck said.
“But in the end, scientists, students and businesses must now get on board,” he said, adding that over the longer term, hydrogen had to justify itself on the market.
The German government is planning for hydrogen to generate between 95 and 130 terawatt-hours of power per year by 2030 – equivalent to more than 3 million tons of hydrogen, under the assumption that between 50% and 70% of this will have to be imported.
For its part, India aims to increase hydrogen production capacity to an annual 5 million tons per year by the end of this decade.
The roadmap aims to connect private sector companies, promote cooperation in research and development, and coordinate on legislation. The construction of terminals in India for the export of green ammonia is also to be supported.
The roadmap can be seen as a declaration of intent and does not include specific financing commitments. The two countries have had an energy partnership since 2006.