The European Union members recently approved loans worth $4.4 billion in three instalments to Egypt and $555 million to Jordan
financial aid
Latest in financial aid
financial aid
China supports Pakistan’s economy with $2bn loan rollover: Report
The $2 billion loan was due in March and has been extended for one year
employee compensation payments
UAE public spending up 20 percent to hit $23 billion in first quarter of 2022
Employee compensation payments were valued at AED28.7 billion, showing a 16.6 percent rise. Other expenses include goods and services, social benefits, financial aid, interest, fixed capital expenditure, grants and other expenses
financial aid
Saudi Arabia pledges $4.2bn to support Pakistan’s economy
Reserves with Pakistan’s central bank have declined for five consecutive weeks to $17.5bn as of October 15 and the rupee has consistently depreciated against the dollar
budget deficit
Tunisia in talks with UAE, Saudi Arabia for funds, official says
An agreement may be reached soon, the head of financing and foreign transactions at the Tunisian regulator, Abdelkarim Lassoued, said
coronavirus
Video: India is promised $1 billion to fight Covid-19 pandemic as deaths rise
The World Bank has pledged one billion dollars to India to help tackle the coronavirus pandemic there. The city of Mumbai has some of the highest number of cases in India, with many people living in congested slums.
budget deficit
Lebanese delegation requested Saudi aid, former premier says
Saudi Arabia began mending ties with Lebanon earlier this year when it lifted a travel advisory imposed in 2013
financial aid
Saudi Arabia, UAE pledge $3 billion to Sudan
The two countries pledge includes a $500 million injection of funds into Sudan’s Central Bank
abu dhabi fund
UAE-based Faraj Fund to help 100 inmates during Ramadan
The fund has helped over 11,000 prisoners from over 50 countries since it was established in 2009
Bahrain
Bahrain’s $10bn aid package to help restore market access – Fitch
Ratings agency says achieving the Bahrain government’s fiscal targets will still be tough despite support from Gulf allies
Bahrain
Gulf allies said to weigh $10bn aid package for Bahrain
Sources say five-year aid package is being considered to help Bahrain meet financing needs
financial aid
Saudi Arabia pledges $300m in aid to Sri Lanka
The move comes as Saudi Arabia and Sri Lanka seek to improve bilateral ties
financial aid
Flood-hit Kerala angry after UAE’s $100m offer rejected
Leaders of flood-stricken Kerala state have angrily hit out at India’s national government for rejecting a $100m aid offer from the UAE
Dubai Ruler
UAE gov’t offers $100m in financial aid to rebuild Kerala
Chief Minister Pinarayi Vijayan lauds UAE leaders for providing $100m in financial support to help the flood-hit state of Kerala
Bahrain
Bahrain bond rally over as Gulf bailout remains unclear
Sources say Saudi Arabia, Kuwait and the UAE are waiting for Bahrain to submit its proposal for economic reforms before giving any money
Bahrain Economic Development Board
Bahrain’s Gulf allies offer a helping hand
Why the UAE, Saudi Arabia and Kuwait are stepping in to help Bahrain with an economic assistance programme
Bahrain Economic Development Board
Video: Why the GCC is pledging support to Bahrain
The UAE, Saudi Arabia and Kuwait are set to announce a programme designed to support economic reforms and fiscal stability in Bahrain.