Financial and Banking News


Israel and Egypt Lobby for More US Aid 

Both Israel and Egypt are lobbying for increased US aid in the next fiscal year. Senior Israeli and US officials met in Washington in late December to discuss an Israeli "white paper" calling for a record $5bn in combined military and economic US aid to Israel. According to the Jerusalem Post (International Edition) of 29 December, the request includes a package of $4.1bn for FY1986, as well as a...