UAE deposits $250 million in Jordan's Central Bank
The United Arab Emirates (UAE) has deposited $250 million in the Central Bank of Jordan on December 25, the UAE Ambassador to Jordan Abdullah Al Ameri said Wednesday.
The envoy told Petra that the UAE will be paying $1.25 billion, as part of the $5 billion aid pledged by the Gulf Cooperation Council (GCC) states to help the Kingdom address economic challenges.
The envoy said Jordan and the UAE have mutual understanding towards various regional and international issues of concern.
He noted the progress achieved by Jordan in various domains and the national projects which were recently launched to enhance the Kingdom's progress and prosperity.
The UAE investments in Jordan cover different sectors, such as financial, tourism, industry, agriculture and education, the ambassador said, affirming that such investments not only aim to achieve profit, but also to push forward the wheels of progress and development in the Kingdom.
The envoy also talked about his country's support for Syrian refugees in the Kingdom, noting the role of the UAE Red Crescent Authority (RCA) in this regard.
- Giving up on the EU? Greece, Cyprus look to GCC investors
- Turkish whistleblower: government can hand over any bank to state fund
- Why Israelis are rushing to empty out their Swiss bank accounts
- Wealth in the land of Arab Spring: Egypt's top ten richest men in 2014
- Will the US dollar peg protect GCC currencies?