Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Abu Dhabi signs $1bn loan pact with Serbia  Join our daily free Newsletter

MENAFN - The Peninsula - 08/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Serbia has signed an agreement for a 1bn loan from Abu Dhabi, the emirate's Department of Finance said yesterday, boosting the Balkan country's drive to find investors from outside the eurozone



Serbian Finance Minister Lazar Krstic had said that the 10-year loan would be given at an interest rate of two percent.



"This loan will provide new opportunities for cooperation and will develop economic and trade relations. It will support the Serbian economy and will provide numerous investment opportunities for the two sides. It will also support the goals of joint projects between the two countries," Krstic said in a statement



It would further encourage private and public sectors within the United Arab Emirates to look for investment opportunities in Serbia, the statement said



The UAE approved a 400m loan to Serbia in 2013, used for investment in irrigation throughout Serbia and loans for farmers for the purchase of agricultural equipment. Last year, state-owned Abu Dhabi carrier Etihad Airways acquired a 40m, 49 percent stake in Serbian flag carrier JAT Airways, which was renamed as Air Serbia.



In 2013, Belgrade announced arms deals with the UAE, including exports of armoured personnel carriers and the joint development of a guided surface-to-surface missile



For the UAE, the relationship offers an early back door route into the European Union, which Belgrade wants to join, and access to the former Yugoslavia's industry. Serbia, a country of 7.3 million people, hopes to join the EU by 2020. Investing there would offer the UAE a chance of eventual direct access to the huge EU market before costs rise

 


The Peninsula




  MENA News Headlines
 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

 Oct 24 2014 - Canadian PM vows tougher security laws after attackArab News
(MENAFN - Arab News) OTTAWA: Canadian Prime Minister Stephen Harper pledged more surveillance and detention powers for security forces in Canada on Thursday after a gunman killed a soldier and ...

 Oct 24 2014 - Unrest casts doubts on Nigeria's 'cease-fire' with Boko HaramArab News
(MENAFN - Arab News) KANO Nigeria: A deadly bombing in northern Nigeria and new details about kidnappings at the weekend blamed on Boko Haram cast further doubt Thursday on the government's claim ...

 Oct 24 2014 - Ebola still of 'great concern' in W. Africa epicenter: WHOArab News
(MENAFN - Arab News) GENEVA: Top experts on the Ebola virus raised grave concerns Thursday about the worsening epidemic in west Africa as the number of people with the disease neared 10000.The World ...

 Oct 24 2014 - Tunisian cop killed in clash with militantsArab News
(MENAFN - Arab News) OUED ELLIL Tunisia: A Tunisian policeman was killed and another wounded on Thursday when security forces clashed with militants on the outskirts of Tunis three days before ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help