VOL. XLV

No 3

21-January-2002

UAE/OMAN

UAE And Oman Release $19.5Mn SoftLoan To Oman & Emirates Investment Holding

The governments of the UAE andOman have released an interest free soft loan of OR7.5mn ($19.5mn) to Oman& Emirates Investment Holding Company (OEIHC), following a decision toprovide the funds in June 2001. OEIHC (which is 30% owned by the governments ofUAE and Oman, with the remainder publicly held) provides investment and relatedservices in the two countries. OEIHC was hurt...