Jordan

Jordanian Cement Factories Company Files for Insolvency

The Jordanian Cement Factories Company said on Sunday that it was filing for insolvency, citing adverse financial conditions, worsening as a result of the novel coronavirus, as the reasons for the move, the Jordan Times reported. Insolvency is a state of financial distress in which someone or a company is unable to pay its bills.

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Jordan’s Prime Minister Steps Down in Wake of Protests

Jordan’s Prime Minister Hani Mulki resigned Monday after thousands protested in recent days against his government’s plan to increase taxes, causing uncertainty in a country that is a vital U.S. ally in the region, The Wall Street Journal reported. King Abdullah II has accepted the resignation of Mr. Mulki’s government, Jordan’s Royal Court said. The king thanked the prime minister in a statement for his service and dedication in making difficult and unpopular decisions. The resignation appears aimed at alleviating tensions after intensifying calls for Mr.
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