Canadian PotashCorp is looking for a buyer of its shares in Arab Potash Company (APC), which it is forced to sell as part of a merger agreement, said the company’s President and CEO Brent Heimann. Last year, Potash Corp and…
Arab Potash Company (APC) said its 2015 net profits rose 31 percent year-on-year to around JD131 million, while it also achieved a record production volume of 2.355 million tons over the same period. In a statement, APC’s chairman Jamal al…
Marc Lepièce, general manager of the power and gas division of global engineering consultancy Tractebel, said his company is proud of its 10-year cooperation with Jordan crowned by the construction of the country’s gas transmission network. Now Brussels-based Tractebel is…
They’ve been painful, but there are signs subsidy cuts may have started to bear fruit. The Jordanian government’s decision in 2012 to begin a phased withdrawal of electricity subsidies was undoubtedly a good one from the point of view of…
Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…
This article appeared in the April, 2014 edition of Venture. More than a decade has passed since the Arab Potash Company was partly sold off under Jordan’s controversial privatization drive. Was it a wise move? By Dina al-Wakeel Jordan’s controversial…
Many still suspect major mistakes were made during Jordan’s controversial privatization drive. A year-long investigation led by Omar Razzaz, chairman of the Privatization Evaluation Committee, has now concluded the sell-off of public assets was by and large smoothly executed, but…