The Jordan Phosphates Mines Company, one of the five largest companies in Jordan, has been suffering from accumulating operating losses over the past number of years, Al-Hayat reported. In 2000, the company’s debts totaled 55 million Jordanian Dinars ($78 million) with operating losses reaching JD 128 million. As a result, the government has decided to initiate the privatization of the enterprise. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
