Financial and Banking News

AID FLOWS

EEC Extends Aid to Three Arab Countries 

The European Economic Community has agreed to extend aid to Egypt and Jordan and has signed a long-term economic cooperation agreement with North Yemen. Egypt will receive $742,000 to finance a feasibility study on land reclamation and Jordan $463,000 to support vocational training at Amman and Zarqa. The EEC also signed a five-year economic agreement with North Yemen covering trade as well as economic and...