Financial and Banking News


Saudi Arabia Provides First Aid Consignment to Egypt since 1979 

Saudi Arabia last week donated to Egypt 200,000 tons of Saudi wheat, the first state aid provided since the break of diplomatic ties in 1979 as a result of Egypt's peace treaty with Israel. According to the Saudi Press Agency, King Fahd sent a message to President Hosni Mubarak saying the consignment "was from the Saudi Arabian people to the Egyptian people as a sign of...