AMMAN A Swiss architect and archaeologist has been studying the Nabataean agricultural production in the area around Petra where he carried out a survey between Al Hai and Rasan Naqab that offered a glimpse into the continuity of early settlements.“I tried to study visible architectural remains that will show continuity in the settlements from the Nabataean to Islamic
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Lafarge Jordan files for insolvency Written by Global Cement staff
27 May 2021
Jordan: Lafarge Jordan has had its insolvency filing approved by a court in Jordan. The Jordan Times has reported that the company has capital of US$84.6m, while its accumulated losses are US$169m. It has blamed weak demand and an inability to cope with variable operating and administrative costs made worse by the coronavirus crisis.
The company said that it plans to continue its reform process so that it is able to meet its obligations under insolvency law. It added, “The company intends to adopt a well-thought-out and actionable financial plan to pay off its debts and meet its liabilities within reasonable legal periods and in agreement with creditors.”
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