Monday 30 May 2016
 
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GCC aid

Kuwait releases $250m aid to Morocco

Kuwait has released $250 million in financial aid to Morocco, the remaining sum of assistance to the North African country, a report said. The $250 million released by Kuwait for the kingdom is one-fifth of the MD 1.5 billion prom

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Egypt to keep main rates on hold as inflation down

Egypt's central bank is expected to keep interest rates unchanged at a monetary policy meeting on Thursday, a Reuters survey shows, as officials seek to balance the need to stimulate the economy while curbing high inflation. E

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Egypt delays decision on $4.8bn IMF loan

Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.

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Jordan to raise state spending in 2014 with Gulf help

Jordan has set projected state expenditure at 8.1 billion dinars ($11.4 billion) for 2014, raising spending by 12.8 percent overall as it puts to work $5 billion in grants from oil rich Gulf states, the state news agency said on Thursday.

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Bahrain to spend GCC aid on key sectors

Priority will be given to housing, infrastructure, electricity, water, education, health, youth and social development projects as Bahrain plans to spend a $10 billion GCC aid package over the next 10 years. HRH Prime Minister Prince Khali

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