Financial and Banking News
Italy Pledges $20mn Aid Package to Egypt
Following meetings in Rome last week between the Italian Premier, Mr. BettinoCraxi, and President Hosni Nubarak of Egypt, Italy has pledged an IL 280bn($200mn) aid package to help Egypt face its current economic crisis. Mr. Craxialso promised to support Egypt's position in its current negotiations with theIMF to reschedule the country's approximately $37bn debt. "Everyone has an...