Saturday 12 July 2014
aid package

Egypt receives $2 billion loan from Saudi

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. Egypt's fina


Turkey to clear $2bn Egypt aid in two months

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 set to receive GCC aid

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


Saudi aid to include $1bn Egypt cbank deposit

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 to aid Japan quake victims

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 to guarantee loans in $5bn aid package

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

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