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

 






  MENA News Headlines
 Aug 21 2014 - AnastasiaDate Shares Some Truly Inspiring Long Distance Love Stories of MembersMENAFN Press
(MENAFN Press) AnastasiaDate shares more long–distance real life love stories of their members. By Ana Mauer AnastasiaDate the leading online international dating portal recently shared more long ...

 Aug 21 2014 - The Kitchness Stainless Steel BBQ Basting Brush Is Released For Sale To The General Public On Amazon.comMENAFN Press
(MENAFN Press) Amazon appointed as exclusive Worldwide Distributor for this second-generation BBQ Brush.ARECIBO PUERTO RICO August 20 2014. The long awaited release of the Kitchness Stainless ...

 Aug 21 2014 - AsianDate Offers Valuable Tips on How to Avoid Online Dating ScamsMENAFN Press
(MENAFN Press) AsianDate shares useful tips with members on how to avoid dating scams. By Jia Li Asian Date the trusted and highly established Asia-specific online dating service has shared some ...

 Aug 21 2014 - Experts Find Tinting Your Homes Windows Lowers Energy Consumption ConsiderablyMENAFN Press
(MENAFN Press) With growing global concerns people are now encouraged to conserve energy and cut back on the energy consumption to preserve the earth's resources for future generations. Among the ...

 Aug 21 2014 - More South Floridians are Keeping Their Automobiles LongerMENAFN Press
(MENAFN Press) A new car is a major investment that people like to use for as long as the vehicle allows them to but when a car is scratched smashed or scraped in from the corner of the bumper the ...

 Aug 21 2014 - flipb Software Announces Pre-designed TemplatesMENAFN Press
(MENAFN Press) flipb Software a leading provider of digital publishing software announces the recent release of predesigned templates to streamline the PDF to flipbook conversion process.San Jose CA ...

 Aug 21 2014 - Small Business Trends Quotes Joshua B Lee of Stand Out AuthorityMENAFN Press
(MENAFN Press) Joshua B Lee co-founder of Stand Out Authority was just quoted in a story on Small Business Trends publication. The article is about things not to do when pitching investors and ...

 Aug 21 2014 - Clogged Grease Traps can Cause Health Problems in Miami RestaurantsMENAFN Press
(MENAFN Press) Restaurants and Eateries have to abide by strict health and hygiene rules and regulation which require them to maintain a specific level of sanitation to ensure that the people who ...

 Aug 21 2014 - The Dental Health Center Joins Smiles Dental Now Smiles Dental RoseburgMENAFN Press
(MENAFN Press) The Dental Health Center a Roseburg OR dentist recently joined Smiles Dental a regionally-focused dental group in order to continue to provide comfortable high-quality dental services ...

 Aug 21 2014 - Online Business Franchise Opportunity Vs Affiliate ProgramMENAFN Press
(MENAFN Press) Buy an online internet business franchise opportunity. Licensees only need a cell phone laptop and internet connection. Unlimited earning potential with an online franchise business ...

more...


 






Google

menafn.com

 
 

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