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FINANCIAL NEWS
Jordan’s ARC records 50 percent growth in revenues
26 Jul 2015
(MENAFN) The Aqaba Railway Corporation (ARC) registered 50 percent growth in revenue over the past four months, following an ongoing infrastructure development and upgrade, Jordan News Agency reported.
The growth is attributed to a USD12.6 million grant from Gulf Arab states in addition to governmental directives, which intervened in favor of the company and its employees, according to a senior corporate official.
Furthermore, the increase in the movement of phosphate trains, presently operating at four per day, has immensely helped in sustaining growth amid all the upgrading work set to compensate for the firm’s deficit and maintain operations.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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