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Pete Flint, co-founder and chief executive of Trulia, speaks at the Reuters Global Technology Summit in San Francisco, June 17, 2013. REUTERS/Stephen Lam
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Ex-Im Bank approves $2 billion loan for UAE nuclear plant

WASHINGTON | Fri Sep 7, 2012 3:42pm EDT

WASHINGTON (Reuters) - The U.S. Export-Import Bank said on Friday it has authorized a $2 billion direct loan to the Barakah One Company of the United Arab Emirates to purchase U.S. equipment and construction service to build a nuclear power plant.

"In addition to bolstering American jobs, Ex-Im Bank will make history by backing the construction of the first nuclear power plant on the Arabian peninsula," Fred Hochberg, President of the U.S. Export-Import Bank, said in a statement.

(Reporting by Doug Palmer)
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Comments (1)
kunosoura wrote:
In america 18% of its people go hungry ( 18 Million ) each day, 13 Million are looking for a job, homeless, despirate and the U.S. is going to loan UAE one of most wealthy groups on earth two BILLION dollars. Are you crazy ! And just where is bankrupt, impoverished america going to get that kind of money. Borrow it from China. America can*t even pay the interest on its over $16 Trillion debt. And what happened to that decade of incessant hate Arabic world talk. Arabic , Saudis did the 9/11 attack, not Iraq. Suddenly we don*t hate them anymore ?

Sep 08, 2012 2:07pm EDT  --  Report as abuse
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