Egypt Zones accountACCOUNT

AED14.8 Bn Grants Provided By UAE in Nine Months

Source: www.export-egypt.com 1/26/2020, Location: Middle East

Share |
The value of grants provided by the UAE in the first nine months of 2019 amounted to AED14.8 bn, a growth of 8 percent from AED13.7 bn in the same period of 2018, according to figures released by the Ministry of Finance.

The total value of registered grants provided by the country during that period accounts for 74.7 pc of the total grants offered across the year, which totaled AED19.8 bn.

These grants include current or capital transfers from the federal government to government authorities, international organisations and foreign governments, with the exception of transfers between the federal government and local governments.

The Organisation for Economic Co-operation and Development, OECD, ranked the UAE as the world's largest donor of official development aid, relative to its national income, in 2017.

According to the Development Assistance Committee of the Organisation for Economic Cooperation and Development, OECD, the UAE is the world's largest donor of official development aid, with grants accounting for 5.2 percent of its total government expenditure, which includes federal and local expenditures for each emirate amounting to AED200.5 billion from January to the end of June.

Figures issued by the ministry show that the value of grants provided by the UAE in Q1 2019 amounted to AED8.614 bn.

During Q2 2019, the figure declined to AED1.868 bn, before rebounding to AED4.308 bn in Q3.

The total value of the grants provided by the UAE by the end of Q3 of 2019 accounted for 5 pc of the total government spending, including federal and local expenditures for each emirate, which stood at AED292.9 bn by the end of September.

Financials and Investment News in United Arab Emirates >>

Egypt >>  11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
Egypt >>  11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...

Egypt >>  11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...

Egypt >>  11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to add...





United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 |

More News

Oil & Gas Companies in United Arab Emirates >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.