Arab Today, arab today eu investment bank cooperating closely with gulf states
Last Updated : GMT 02:32:13
Arab Today, arab today
Arab Today, arab today

EU investment bank cooperating closely with Gulf states

Arab Today, arab today

Arab Today, arab today EU investment bank cooperating closely with Gulf states

Brussels - KUNA

The European Investment Bank (EIB), the long-term lending institution of the European Union which is owned by its 28 Member States, Wednesday announced that it supported the European economy with 67.1 billion euro and provided 7.7 billion euro to projects outside the European Union. EIB President Werner Hoyer presenting his annual report at a press conference in Brussels said the bank borrowed 72 billion euro in 2013. "We cooperate closely with the Gulf countries," he said and noted that "EIB Vice President Philippe de Fontaine Vive is a frequent traveller to this part of the world," in reply to a question by the Kuwait news agency, KUNA. On his part, Fontiane Vive said that "the partnership (with Gulf countries) is not only on the borrowing side but also on the assets side because we want to work with them for financing activities within the EU and outside the EU," he said. "On the borrowing side they are more than 10 percent of what we expect on our funding sides, and what we are discussing with them is the investment within the EU and possibly operational activities in the Southern Mediterranean countries that they are very much interested in," he added. "I believe that we have a lot of EU expertise to marry with the Gulf financing," he added and noted that they signed an operational agreement last year with the Islamic Development Bank. The EIB invested 583 million euro in Mediterrranean countries including 90 mn euro in a wind farm project in Jordan, 760,000 euro in microfinance in Palestine, and 350 mn euro on the Bosporous tunnel in Turkey. Hoyer, however, warned that "investment remains below pre-crisis levels almost everywhere in Europe and is hampering Member States' growth potential." "We are falling behind in terms of global competitiveness because countries outside the EU are investing at a much higher level in technology and innovation than the EU and the majority of its Member States," he said and called on Europe to take make further investment in research and development, innovation.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu investment bank cooperating closely with gulf states Arab Today, arab today eu investment bank cooperating closely with gulf states

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu investment bank cooperating closely with gulf states Arab Today, arab today eu investment bank cooperating closely with gulf states

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday