UAE, Saudi and Kuwait agree $2.5bn aid to Jordan

Share

The UAE, Saudi Arabia and Kuwait have agreed to provide a $2.5 billion economic aid package to Jordan, to help the country which is facing an economic crisis following anti-austerity protests, a media report said.

The announcement was made in a joint statement following an emergency summit of the four nations which was held in Makkah, Saudi Arabia on Sunday, reported Emirates news agency Wam.

The meeting was hosted by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud at Al-Safa Palace with Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, King Abdullah II bin Al-Hussein of Jordan, and Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah of Kuwait to discuss ways to help Jordan overcome the crisis.

The package will include a deposit in the Central Bank of Jordan, World Bank guarantees for Jordan, annual support for the Jordanian Government’s budget over five years, and financing from funds for developmental projects.

The Jordanian King expressed his appreciation to the three Gulf nations for their quick response and for the aid which will ease the country's economic crisis.

12/06/2018
Trade Arabia
Industry
01
Al-Khobar third top destination for hotel developm...More Details
02
Aramco launches center for contractors and supplie...More Details
03
Private equity firms booming, yet no time to be co...More Details
Economic
Events
10
09/2019
Electra Mining Botswana Gaborone ...More Details
28
08/2019
ExpoFerretera Buenos Aires ...More Details
27
05/2019
Exponor Chile Antofagasta ...More Details
More Economic Events
Accounting
Tools

Business Starting Costs Calculator

How much does it cost to start a business? ....

Profit and Loss Calculator

This calculator will help you calculate the profit and loss of your business.

Personal Budget Calculator

Use this calculator to create your personalized

More Accounting Tools
24
07/2019
Economic
News
img

Saudi Arabia kick starts sale of state flour mills ....Read More

img

Saudi merchandise exports rise 17.5% in Q1- GASTAT ....Read More

img

Saudi universities to open doors to small businesses in R&D ....Read More

More Economic News