Arab aid declines in 1997
Regional, Economics, 2/5/1998

The 1997 Arab economic report which was issued recently in Abu Dhabi said the Arab aid and assistance declined.

The report said the Arab development aid reached $102.5 billion over the last 25 years, 95.4 billion (83.1%) of which was offered by the Gulf Cooperation Council countries.

The Kingdom of Saudi Arabia topped the list of donor countries, as it offered $65.7 billion, followed by Kuwait which offered $16.8 billion, and the UAE which offered $10.8 billion.

The report also said the Arab development aid increased tremendously during the nineties, as it increased from $1.7 billion in 1989 to $6.7 billion in 1990.

Saudi Arabian aid has decreased recently due to the Gulf War and the decline of the petroleum prices, as it reached about $1.3 billion between 1992 and 1995.

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