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FINANCIAL NEWS
Serbia to receive USD400m loan from UAE’s development fund
28 Mar 2013
(MENAFN) Serbian finance minister, Mladjan Dinkic, stated that his country will receive a USD400 million loan from the UAE’s development fund, reported Arabian Business.
Of the total amount, around USD200 million will be earmarked for irrigation projects all over the country, whereas the rest will be assigned for favorable long-term loans for farmers to enable them to acquire agricultural equipment.
The Balkan country plans to develop and expand its agriculture sector, which accounted for 20 percent of Serbia’s exports last year, as it lacks modern irrigation systems and is highly affected by floods and droughts.
Dinkic added that Abu Dhabi’s Etihad airline could also become a long-term strategic partner of JAT Airways, through acquiring a 49-percent stake in Belgrade’s loss-making national carrier.
It is worth noting that Serbia eyes a 2-percent economic growth for 2013, following a contraction of nearly 1.9 percent last year.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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