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

Turkey pledges USD2b aid package to Egypt  Join our daily free Newsletter

MENAFN - 16/09/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Egypt's finance minister, Mumtaz Al Saeed, announced that Turkey will provide his country with a USD2 billion aid, reported The Peninsula.

The amount, of which half would be in the form of bilateral loans, would be used to strengthen the country's foreign currency reserves and shore up investment in infrastructure.

In August, the North African country has formally asked the International Monetary Fund (IMF) for a USD4.8 billion loan to boost its economy which deteriorated due to last year's uprising.

It is worth noting that on September 6, Qatar has pledged USD2 billion in loans to support the Egyptian budget, and to invest USD18 billion in the country's tourism and industrial projects over the coming 5 years.

 






  MENA News Headlines


 






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