Financial and Banking News

Aid Flows

Germany's Aid to Egypt Set at $84mn in 1984

West Germany has allocated a total of DM255mn ($83.6mn) in aid to Egypt in 1984, according to a statement issued by the Arab-German Chamber of Commerce on 2 October. Of this sum, DM70mn is earmarked for telecommunications, DM60mn for a fertilizer plant, DM45mn for a sewerage project, DM35mn for the railroads, DM40mn for electric power stations and DM5mn for family planning projects. The loans are to be...