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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.
Jordan and the United Arab Emirates (UAE) on Tuesday signed a framework memo to regulate a $1.25 billion grant to be extended by the Gulf state over five years.
Jordan and the EU will sign a soft loan agreement on Tuesday worth 180 million euros (around JD177 million) as macro-financial assistance, Minister of Planning and International Cooperation Ibrahim Saif said Monday.
The Ministry of Planning and International Cooperation on Sunday said the overall amount of foreign assistance, grants and soft loans committed to Jordan by international donors reached $1.74 billion (JD1.2 billion) by the end of November.
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