Friday 5 October 2018

UAE offers Dh12.5b support to Bahrain | GulfNews.com

UAE offers Dh12.5b support to Bahrain | GulfNews.com:

The UAE has signed a financial cooperation agreement worth Dh12.5 billion with the government of Bahrain to support the country’s financial stability and stimulate economic growth.

The contribution will be managed by the Abu Dhabi Fund for Development (ADFD).

The Dh12.5 billion from the UAE is within the framework of the Bahrain government’s approved fiscal balance programme, which aims to achieve a balance between government revenues and expenditure by 2022.

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