Monday 11 June 2018

Jordan pins hopes on billion dollar Gulf aid package: officials | Reuters

Jordan pins hopes on billion dollar Gulf aid package: officials | Reuters:

"Jordan is pinning hopes on oil-rich Gulf states led by Saudi Arabia committing to a multi-billion dollar aid package to help it weather an economic crisis that sparked rare street protests over austerity plans, officials said.

A palace statement said King Abdullah left for Jeddah to attend a summit called by Saudi King Salman who invited leaders of Kuwait and the UAE to discuss ways of helping the kingdom overcome deepening economic strains that sparked last week’s peaceful protests.

 Officials are hopeful the Jeddah meeting will approve a major package in line with a previous $5 billion fund allocated to Jordan by Gulf monarchies in December 2011 to contain pro-democracy unrest that spread across the region.

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