Financial and Banking News


US Extends Aid to Egypt and Oman

The United States agreed last week to provide economic assistance worth $233mn to Egypt and Oman as follows: $223mn to Egypt, with $178mn allotted for irrigation and local development projects and $45mn for disease control, population and child survival schemes; and $10mn to Oman to finance the engineering and construction of enlarged water storage facilities at the Ghubrah desalination plant and a transmission line...