Financial and Banking News

AID FLOWS

Canada Provides C$3.9mn for Egyptian Electricity Project 

Canada has agreed to grant Egypt C$1.1mn ($834,000) and to lend C$2.8mn ($2.12mn) to finance a technical and economic feasibility study for the modernization of the al-'Izb power station at Faiyum, according to an agreement signed in Cairo on 7 January.