The Jordanian Phosphate Mines Company has been suffering from severe losses. The company’s debts total 350 million Jordanian dinars, of which JD 62.4 million are external debts to Arab and international associations such as the Islamic Development Bank and the European Investment Bank, Al-Hayat reported. Recent investigations revealed that administrative and financial corruption are to blame for the debt, according to company officials. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
