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FINANCIAL NEWS
UAE to lend Serbia USD1bn worth loan
18 Oct 2016
(MENAFN) The UAE will lend Serbia USD1bn to help the indebted Balkan country funding its recent debts and to help it finance its budget deficit.
Accordingly, the 10-year loan would bear an interest rate of 2.25 percent and be approved by parliament in the coming days.
Moreover, Serbia’s economy has been positive this year, with its budget deficit to come in at 2.5 percent of GDP, lower than the 4pct planned for.
Serbia has been pushing for the IMF, with which it has USD1.2bn loan agreement to authorize higher spending in 2017.
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08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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