Financial and Banking News


Egypt Receives $47.5mn in Soft Loans and Grants

During the past two weeks Egypt has received soft loans and grants worth $47.5mn as follows:

 Source Purpose Amount  ($mn) France Equipment for Abu Qir power station 8.00 Italy Laboratories and maintenance work 8.00 shops at Shubra al-Khayma power station Japan Construction of a cultural center 9.00 West Germany - Expansion of steel plant at Halwan 20.00 - Technical assistance in the manu- facture of...