UAE: $2.5bn grant to Bahrain

The Abu Dhabi Fund for Development (ADFD) has committed $2.5bn to Bahrain, representing 25% of the total promised by the Gulf Co-operation Council (GCC) development programme. According to an 18 February report by UAE state news agency Wam, a memorandum of understanding was signed in Manama by Bahrain’s finance minister Mohammed Al-Khalifa and ADFD acting director general Mohammed Saif Al-Suwaidi.