VOL. XLII
No 45
8-November-1999
UAE
Abu Dhabi Development Fund Approves $150Mn In Loans To Syria
The Abu Dhabi Development Fund has approved grants worthDh543.6mn ($150mn) to Syria to finance textile, electricity and water projects,according to the official news agency WAM. The loans carry a tenor of 20years, a five-year grace period and interest rates of 3.5% per annum to berepaid in equal installments. According to Mr. Ahmad Nizam al-Din, Syria痴Minister of Industry, the loans include Dh257.11mn...
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