Home / News / World News / Article / Gulf nations pledge $2.5bn aid package to Jordan

Gulf nations pledge $2.5bn aid package to Jordan

The money from Kuwait, Saudi Arabia and the United Arab Emirates will go toward a deposit in Jordan's Central Bank, cover World Bank guarantees for the kingdom, offer budget support and finance other development projects

Listen to this article :
(From right) King Abdullah II with King Salman, Sheikh Sabah al-Ahmad al-Sabah and Sheikh Mohammed bin Rashid al-Maktoum. Pic/AFP

(From right) King Abdullah II with King Salman, Sheikh Sabah al-Ahmad al-Sabah and Sheikh Mohammed bin Rashid al-Maktoum. Pic/AFP

Three Gulf Arab states pledged $2.5 billion in aid to Jordan in an effort to stabilise the US-allied kingdom as it faces its worst protests in years over government austerity plans that include tax increases.

The money from Kuwait, Saudi Arabia and the United Arab Emirates will go toward a deposit in Jordan's Central Bank, cover World Bank guarantees for the kingdom, offer budget support and finance other development projects.

How do you like the new new mid-day.com experience? Share your feedback and help us improve.

Read Next Story
Donald Trump: Meeting with Kim Jong Un was 'very, very good'

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement