Financial and Banking News


Bush Uncommitted on Relief for Egyptian Aid Programs 

US Vice President George Bush failed to make any specific commitments concerning Egyptian requests for softer loan repayments and aid relief, during his Middle East tour last week which included Israel, Jordan and Egypt. President Hosni Mubarak has requested a reduction in the 12%-14% interest rate which Egypt pays on its $4.3bn US military debt, on which repayment commitments total $543.5mn...