Financial and Banking News

AID FLOWS

US Provides $267mn for Egyptian Development Project

Egypt and the US signed two agreements on 27 September under which the US Agency for International Development (USAID) will provide $267.2mn for Egyptian development projects. The first agreement covers for the payment of $165.3mn to improve Cairo's sewerage system as part of a planned US contribution of around $1bn for the development of Egypt's water and waste-water systems over the next few...