Gulf states pledge $2.5 billion aid package to Jordan | Reuters

Gulf states pledge $2.5 billion aid package to Jordan | Reuters:

"Saudi Arabia, Kuwait and the United Arab Emirates pledged $2.5 billion of aid to Jordan on Monday, a joint statement from the Gulf states said, following austerity measures that have sparked massive protests in the country.

Price hikes and subsidy cuts pushed thousands of Jordanians to the streets last week against the government’s economic policies. The rare, peaceful protests prompted King Abdullah to sack the government and appoint a new prime minister, whose first pledge was to shelve steep tax hikes.

Other monarchies are worried that unrest in the U.S. ally could spill over across the region where other countries such as Bahrain and Egypt have been facing similar challenges.

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