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The United Arab Emirates has agreed to grant Egypt $1 billion and lend it another $2 billion, an Egyptian source close to the talks said on Tuesday.
The source said the amount was expected to be part of a larger financial package from the UAE. The loan would be in the form of a deposit at Egypt's central bank, although the interest rate and maturity had yet to be finalized.
He also said that Saudi Arabia was expected to lend Egypt $2 billion, which he expected to be confirmed within two days
Following military-backed ouster of president Morsi, Saudi finance minister tells Reuters that oil-rich kingdom will send $5-billion aid package to Egypt on Tuesday.
Saudi Arabia approved a $5...
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Thanks. Missed other post.
Wonder what the result would be if you subtracted some or all of the Qatar deposits and promises (which may now not arrive) against these new promises: but maybe thats a...
Mohammed Bin Zayed Al-Nahyan, the crown prince of Abu Dhabi, has pledged an additional $2 billion aid comprising deposits and grants to support Egypt, Al-Ahram's Arabic-language news website reported...
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Although this is another bit of good news, I wonder just how much of the total monies received to date has had to be used/diverted towards controlling the problems the MB's have created. The security...
Interior Minister Mohamed Ibrahim has agreed to arm low-ranking police officers and personnel to combat dangerous criminals, among 19 other accepted demands the officers had been on strike action for...
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Yes and no. They attach each sperm to the tail end of the evil weevils as they know that these are consumed by the populous as an extra source of nutrition. A bit like a Bovril pancake mix.
The World Bank has approved a LE2.1 billion ($300 million) loan to Egypt for a project targeting small businesses in more rural and underprivileged areas, the bank announced on Tuesday.
The money...
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This is a great initiative for those who are locked out of the lending system by Egyptian banks who focus on just the bigger corporations.
Lets hope that the small businesses aren't strangled by red...
An Egyptian armed group on Monday claimed responsibility for a deadly tourist bus blast in the Sinai resort city of Taba and gave tourists in the country four days to leave or they would be...
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I lived in the UK when there was a high risk of bombings from the IRA, I needed to go to a local city and didn't want to go one particular weekend I almost decided to leave it till the week after but...
