During emergency summit of the four nations which was held in Makkah. (Photo: WAM)

UAE, Saudi Arabia and Kuwait to provide US$2.5 billion aid to Jordan

UAE, Saudi Arabia and Kuwait to provide US$2.5 billion economic aid package to Jordan … reports Asian Lite News.

During emergency summit of the four nations which was held in Makkah. (Photo: WAM)

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

The announcement was made this morning in a joint statement following an emergency summit of the four nations which was held in Makkah on Sunday. The meeting was hosted by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud at Al-Safa Palace with His Highness 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.

Previous Story

Kareem, Binoy and Jose file RS nomination from Kerala

Next Story

A ROYAL RENDEZVOUS: Princess Rajyashree Kumari of Bikaner

Latest from -Top News

Trump Ends Syria Sanctions

Syria has been designated a State Sponsor of Terrorism by the United States since December 1979…reports Asian Lite News US President Donald

UAE credit soars to the top

S&P Global, Moody’s Investors Service, and Fitch Ratings — have all assigned strong sovereign credit ratings to the UAE In a strong

Khamenei rebukes Trump

Khamenei said Iran had triumphed over the US and downplayed the impact of the strikes on the country’s nuclear infrastructure Iran’s Supreme