Egypt's central bank has received $2 billion in Saudi funds, the latest instalment of a $12 billion aid package pledged by Gulf Arab states after the military ousted Islamist President Mohamed Mursi on July 3.
Turkey will transfer the remaining $1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said on Wednesday.
The loan will be a shot i
Bahrain is set to receive the first tranche of a GCC development package aimed at helping boost vital housing, roads, electricity, water, industrial and social development projects.
Under an agreement, Kuwait's share
A $4 billion aid package Saudi Arabia has pledged to Egypt will include a $1 billion deposit at the Central Bank of Egypt and $500 million in bond purchases, Al-Ahram newspaper quoted a Saudi official on Sunday as saying.
The package, whic
Tupperware Brands Corporation, a portfolio of global direct selling companies, has announced a four-pronged relief programme for the victims of recent earthquake and tsunami in Japan.
The programme consists of:
• A donation of
Kuwait will guarantee 50 percent of fresh loans banks provide to local firms as part of a $5 billion rescue plan to soften the impact of a global credit crunch, the central bank governor said on Sunday.
Sheikh Salem Abdul-Aziz Al-Sabah als