Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Arabia to give USD220m loan to Tunisia  Join our daily free Newsletter

MENAFN - 15/07/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Tunisia's Investment and International Cooperation Ministry said that the Saudi Fund for Development (SFD) agreed to award Tunis USD220 million in low-interest loans, Reuters reported.

The ministry also said that the loan will be given in three portions; the first portion will be used to fund the development of a power station at Sousse.

The second portion will be used to invest in the transport of gas, while the third portion will be spent on vocational and other training.

The loans are repayable over 20 years at 2 percent interest, and loan agreements will be signed in the coming days, according to the state's news agency TAP.

In its quest to recover from last years revolution, Tunisia has received several bilateral soft loans this year to help fulfill its target.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help