Tag Archives: Eritrean Economy get Boost from UAE Loan

Abu Dhabi Approves $50m Loan to Promote Development in Eritrea

Eritrea's Economy get a boost from Emirates Loan

By TesfaNews,

Abu Dhabi Fund for Development concluded a loan agreement worth AED 183.6 million (USD 50 million) with the Government of the State of Eritrea to help fund development projects and energies the economy.

The agreement was signed on June 6 at the fund’s headquarters between Mohammed Saif Al Suwaidi, Director-General on behalf of the fund and HE Secretary Yousef from the Eritrean Embassy in Abu Dhabi on behalf of the Eritrean government.  Continue reading Abu Dhabi Approves $50m Loan to Promote Development in Eritrea