Skip to content Skip to Search
Skip navigation

Royal Jordanian gets $250m to drive expansion

By Pramod Kumar
The funding will help modernise the Royal Jordanian fleet, route expansion, set up new ventures and drive digital transformation Royal Jordanian/X
The funding will help modernise the Royal Jordanian fleet, route expansion, set up new ventures and drive digital transformation

Jordan’s flag carrier Royal Jordanian has secured a syndicated loan of $250 million to finance its expansion plans.

Arab Bank led the funding round with the participation of several Jordanian and regional banks.

The airline’s CEO Samer Majali said that the financial support will help modernise the fleet, route expansion, set up new ventures and drive digital transformation.

“Fleet modernisation is a cornerstone to sustainability, as new aircraft play a crucial role in reducing fuel consumption and carbon emissions,” he said.

Majali said the airline repaid its previous syndicated loan on schedule despite the challenging conditions during the Covid-19 pandemic.

Royal Jordanian received $100 million in emergency funding from the government, which owns 95 percent of shares in the carrier, during the Covid crisis, when its fleet was grounded for almost 18 months.

Royal Jordanian has five Embraer E195-E2s in service, with a further three to arrive. It is also scheduled to receive the first 16 new Airbus aircraft in January, Majali told AGBI in November 2024.

Register now: It’s easy and free

AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East.

Why sign uP

  • Exclusive weekly email from our editor-in-chief
  • Personalised weekly emails for your preferred industry sectors
  • Read and download our insight packed white papers
  • Access to our mobile app
  • Prioritised access to live events
Register for free

I’ll register later

Latest articles

Turkish Central Bank Governor Fatih Karahan speaks during a press conference in Istanbul, Turkey, May 22, 2025. REUTERS/Dilara Senkaya Turkey bond

Turkish bond attracts keen interest despite concerns

Ankara’s second issue this year of dollar denominated eurobonds was heavily oversubscribed, attracting domestic and international investors, according to the Turkish ministry of treasury and finance. When the $2 billion bond, with a seven-year maturity, was issued on Wednesday the order book was oversubscribed two and a half times, with buyers drawn by the 7.25 […]

Flooded streets in Muscat after heavy rains in 2024. Insurance companies in Oman have paid out $65m over the last two years

Oman borrows $630m to construct flood defences

Oman is to borrow $630 million from the Saudi Arabia-based Islamic Development Bank (IDB) to build flood protection gates and dams across the country. “The loan will help the protection from floods causing damage to many parts of Oman’s low lying areas, especially in towns and small villages,” Al Habsi was quoted as saying by […]

With a $5 billion agreement from Saudi Arabia's PIF, Franklin Templeton is set to build local asset management capabilities and expand capital markets, especially for SMEs

Franklin Templeton plans Saudi products with $5bn PIF agreement

US asset manager Franklin Templeton says it plans to create and introduce financial products in Saudi Arabia that takes advantage of both international investor interest in the largest Arab economy as well as local appetite for global markets. This comes after the company agreed in principle last week with the Public Investment Fund (PIF) to […]

The Casbah of Algiers, a Unesco World Heritage Site. Algeria has passed a new budget law that allows sukuk to be issued

Algeria to issue its first sukuk in June

Algeria intends to issue its first sovereign Islamic bonds or sukuk next month to fund infrastructure and other domestic projects, according to an official. Arrangements for the first such issue by have reached “very advanced stages”, said Ruzaika Mikatli, director of the public debt office at the Algerian finance ministry, according to the Al-Khabr newspaper. […]

IHayan Abdel Ghani, Iraq's oil minister, signs a major deal with a Chinese firm to boost oil output and build new energy infrastructure near Basra

Iraq awards major oil deal to Chinese company Geo-Jade

Iraq’s oil minister Hayan Abdel Ghani on Wednesday signed a large contract with a Chinese company and its local partner to develop an oilfield in the south of the country and build a refinery, a petrochemical complex and two power plants, according to the state press agency. Geo-Jade, the Chinese company, and the local company Crescent […]

T0EC2E A muslim woman uses the scientific equipment in a research laboratory, at the University of Sussex while wearing a traditional hijab. Abu Dhabi air

Abu Dhabi seeks bids for studies of indoor air quality

Abu Dhabi is seeking proposals from research companies, consultancies and academic institutions to study the health impact of indoor air pollution, as the emirate plans to draft new evidence-based public health policies. The Abu Dhabi Public Health Center has invited bids to develop research to quantify the health burden of indoor air pollution and propose […]

A gas pipeline under construction. OQGN operates Oman's 4,000 km gas pipeline network

Rising costs at OQ Gas Networks trim first-quarter profit

Net profit at state-owned OQ Gas Networks (OQGN), the pipeline subsidiary of Oman energy major OQ, dropped by 7 percent in the first three months of 2025, as the company was hit by higher operating costs. Net income fell to OR12.6 million ($33 million) in the year to March 31.  Total expenses in the same […]

The ROX 01, a mid-size combustion-electric SUV, will be manufactured at W Motors’ new facility in Abu Dhabi

China’s ROX Motors to produce EVs in Abu Dhabi

Chinese luxury EV maker ROX Motor and Dubai-headquartered W Motors will manufacture electric vehicles in Abu Dhabi as Gulf countries step up efforts to attract automotive manufacturing.   The ROX 01, a mid-size combustion-electric SUV, will be made at W Motors’ new facility in the capital city, the companies said in a joint statement. No […]

Architecture, Building, Office Building

Egypt’s EFG Holding revenue falls on previous forex gain

Egyptian financial services company EFG Holding’s revenue declined by an annualised 34 percent in the first quarter, due to an exceptional foreign currency gain in the same period of 2024, the company said on Wednesday. Revenue fell to EGP5.6 billion ($112.5 million), while net profit after taxes and minority interests fell 34 percent to EGP1.2 billion […]

Most of the funding will go towards small and medium sized businesses run by women

Turkish bank secures $1bn to support women-led businesses

Türk Eximbank, a state-backed export credit institution, has secured $1 billion in new funding to support small businesses. The funds will be used to support women-led small and medium enterprises (SMEs) operating in low-income regions and provide financial support to SMEs exporting green products, the bank said in a post on the social media platform […]

Sultan Ahmed Al Jaber, Group CEO of Adnoc at the ‘Make it in the Emirates’ forum in Abu Dhabi

Adnoc awards $2bn contracts to back localisation

Abu Dhabi state-backed oil giant Adnoc says it prioritising local manufacturing to mitigate supply chain risks and cut delivery times for critical equipment. The oil company has signed framework agreements valued at AED6 billion ($1.6 billion) with 12 UAE companies to manufacture critical industrial equipment under the “Make it in the Emirates” initiative, according to […]

Qatar's energy minister cautions that persistently low crude prices jeopardise global energy security and the power needs of emerging technologies

Qatar warns low oil price may hurt AI power needs

Crude prices falling below $60 a barrel would have a detrimental effect on global oil sector investment, and on fast-growing, energy intensive industries such as data centres and artificial intelligence, Qatar’s energy minister has said. “If oil prices decline below $60, there is definitely going to be a decline in investments,” Saad Al-Kaabi said at an […]