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UAE deposits $250 million in central bank

Jan 02,2013 - Last updated at Jan 02,2013

AMMAN — United Arab Emirates (UAE) Ambassador to Jordan Abdullah Al Amri said on Wednesday that his country had transferred $250 million (around JD178 million) to the Central Bank of Jordan on November 25.

In remarks to the Jordan News Agency, Petra, the ambassador said that the deposit was independent of the $1.25 billion the UAE will extend to Jordan as part of the $5 billion Gulf Cooperation Council (GCC) grant to the Kingdom.

During a GCC summit in December 2011, Saudi Arabia, the UAE, Kuwait and Qatar decided to extend $5 billion over a five-year period to support development schemes in Jordan.

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