Jor­dan, UAE sign deal for sup­port­ing SMEs

Arabian Business English - - SPOTLIGHT -

JOR­DAN LAST TUES­DAY SIGNED a deal worth $100m with the UAE, which aims to sup­port small- and medi­um­sized en­ter­prises (SMEs) in the king­dom.

The agree­ment was signed in the pres­ence of Jor­da­nian King Ab­dul­lah II and vis­it­ing UAE Crown Prince of Abu Dhabi Sheikh Mo­hammed Bin Zayed Al Nahyan who ar­rived in Am­man for an of­fi­cial visit last Tues­day.

Un­der the deal, signed by UAE’s Khal­ifa Fund for En­ter­prise De­vel­op­ment and Jor­dan’s Crown Prince Foun­da­tion, loans will be pro­vided to fi­nance 22,000 projects in Jor­dan and cre­ate 28,000 jobs over the next five years, the Jor­da­nian news agency Pe­tra re­ported.

The agree­ment seeks to sup­port Jor­dan’s econ­omy and en­hance en­trepreneur­ship in the king­dom, it said.

THIS AIMS TO STRENGTHEN CO­OP­ER­A­TION WITH RE­GIONAL AND IN­TER­NA­TIONAL IN­STI­TU­TIONS THAT SUP­PORT EN­TREPRENEUR­SHIP AND SMES” Hus­sain Jasim Al Nowais, chair­man of the Khal­ifa Fund for En­ter­prise De­vel­op­ment

Thamer Ghad­ban, Iraqi oil min­is­ter THE NEW LIB­ERAL AND DEMO­CRATIC IRAQ RE­QUIRES A NEW STRAT­EGY AND NEW OIL POL­ICY”

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