Financial And Banking News
US Grants Egypt $176mn
The United States has agreed to grant Egypt $176mn, according to five protocols signed last week. The first agreement, for $150mn, constitutes the second installment of $500mn in one-time emergency aid (MEES, 17 March). The second agreement, for $15mn, finances the second installment of a five-year program to refurbish Aswan Dam turbines by US firms, while three other agreements, worth a total of $11mn, provide support for...