Financial and Banking News


EEC Approves $6.9mn in Aid for Algeria and Syria

The European Community's Executive Commission announced on 20 December that it has approved a total of 9.6 European Currency Units ECU ($6.9mn) in aid to Algeria and Syria. Algeria will receive 0.8mn ECU ($576,000) in grants and 2.7mn ECU ($1.94mn) in loans to develop its fishing industry, as well as 2.9mn ECU ($2.1mn) to develop its agricultural administration, while Syria will receive 3.2mn ECU...