Sunday, 29 December 2019

UAE extended 300 million US dollars of development aid to Jordan

UAE extended 300 million US dollars of development aid to Jordan

The Abu Dhabi Fund for Development (ADFD) announced that it is providing 300 million US dollars as development aid to the Hashemite Kingdom of Jordan.

The Abu Dhabi Fund for Development is a foreign aid agency established by the government of Abu Dhabi in 1971. The fund provides concessionary loans to fund economic and social development projects. The fund also invests in order to expand and strengthen the private sector economies of its clients.

Chairperson: Mansour bin Zayed Al Nahyan
Founded: 1971

Description
The United Arab Emirates, sometimes simply called the Emirates, is a country in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south and west, as well as sharing maritime borders with Qatar to the west and Iran to the north. 
Capital: Abu Dhabi
Currency: United Arab Emirates dirham
President: Khalifa bin Zayed Al Nahyan

Jordan, an Arab nation on the east bank of the Jordan River, is defined by ancient monuments, nature reserves and seaside resorts. It’s home to the famed archaeological site of Petra, the Nabatean capital dating to around 300 B.C

Capital: Amman
Currency: Jordanian dinar