EGYPT/SAUDI ARABIA
Saudi Arabia To Lend Egypt $500Mn For Development Projects
Saudi Arabia will lend Egypt $500mn to finance development projects, under a framework agreement signed in Morocco on the sidelines of the meeting of Arab development funds. The concessionary loans are part of a financial package that Saudi Arabia had pledged to finance urgent projects in the aftermath of the 25 January 2011 Egyptian revolution. According to Egyptian Minister of Planning and International...
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