Kharbash receives Opec Fund official

ABU DHABI - Dr Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs, yesterday received Suleiman Jasir Al Herbish, the Opec Fund director-general, and reviewed with him the financial situation of the Fund and its current and future loans programme as well as ways of strengthening co-operation between the UAE and the Fund.

By (WAM)

Published: Wed 7 Jan 2004, 12:02 PM

Last updated: Thu 2 Apr 2015, 12:04 AM

Jamal Nasir Lootah, the Ministry's under secertary for industrial affairs, said that the two sides reviewed topics on the agenda of the meeting of Fund's board of governors due to be held in Vienna in March under the chairmanship of the UAE.

Kharbash said that he was delighted by Al Herbish's visit to the UAE, one of the Fund's main members, noting that the visit was part of the regional tour that would also include other Opec members in the Gulf region.

He said that the Fund had a 10-year working plan renewable every five years, pointing out that the Fund was currently executing the 15th loan programme valued at one billion dollars.

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