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.
- Understanding the ripple effect: 8 reasons the US economy has slowed down in Q1 of 2015
- Can Bahrian emerge from the oil price plunge 'stronger than ever'?
- Egyptian stocks plummet as Yemen confict deepens
- UAE sweetens flotation regulations to attract more investment
- Replacing Switzerland? Why Lebanon isn't keeping its banking secrecy a secret