Financial and Banking News
Jordan Granted Over $300mn in Arab Aid
The Jordanian Government has secured more than $300mn in new Arab aid,following visits last week by King Husain and the Prime Minister to a number ofGulf states. Saudi Arabia has agreed to grant Jordan $200mn in aid and haspledged to place additional foreign currency deposits with Jordanian banks in anattempt to boost Jordan's foreign exchange reserves. The UAE will give Jordan$70mn - $40mn...