Financial and Banking News


EEC Provides $26mn to Arab Countries 

The European Economic Community (EEC) announced last month that it will provide three loans and grants worth ECU35.8mn ($26mn) to Arab countries. Syria will receive an ECU28mn ($20.34) loan to finance the expansion of the Mihdada electric power plant north of Harna, while North Yemen will receive an ECU5.8mn ($4.21mn) loan to construct an agricultural center at Ta'iz. The EEC has also agreed to grant...