economic aid

Biden’s $1.9 trillion COVID-19 bill wins final approval in House
World

Biden’s $1.9 trillion COVID-19 bill wins final approval in House

WASHINGTON (Reuters) – The US House of Representatives gave final approval on Wednesday to one of the largest economic stimulus…
IMF approves US$2.77 billion support to Egypt to address coronavirus
Business

IMF approves US$2.77 billion support to Egypt to address coronavirus

The executive board of the International Monetary Fund (IMF) has approved Egypt’s request for emergency financial assistance of US$2.772 billion…
Israel reopens fishing zone off Gaza’s coast after truce
Middle East

Israel reopens fishing zone off Gaza’s coast after truce

JERUSALEM (AP) — Israel says it’s reopening the permitted fishing zone off the Gaza coast following a cease-fire deal with…
Egypt relies on Gulf aid for economy: Then what?
Economy

Egypt relies on Gulf aid for economy: Then what?

Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy and keep its…
Egypt’s economic competitiveness plunges to new lows
Business

Egypt’s economic competitiveness plunges to new lows

Political instability has caused Egypt’s economic competitiveness to tumble from 107th to 118th out of 148 countries, according to Global…
In meeting with World Bank, Qandil asks for railways, infrastructure help
Egypt

In meeting with World Bank, Qandil asks for railways, infrastructure help

Prime Minister Hesham Qandil met with senior World Bank manager Mirza Hassan Saturday, along with Finance Minister Morsy Hegazy and…
Qatar’s cash deposits raise questions of political leverage over Egypt
Business

Qatar’s cash deposits raise questions of political leverage over Egypt

The rich Gulf state of Qatar has once again made a sizeable dollar deposit into Egypt’s central bank, bringing its…
Qatar increases aid to Egypt to US$5 bn
Egypt

Qatar increases aid to Egypt to US$5 bn

Qatar has provided Egypt with US$5 billion in financial aid, including a $1 billion grant, Qatar's Prime Minister Hamad bin…
US delegation arrives in Cairo Tuesday to discuss aid package
Business

US delegation arrives in Cairo Tuesday to discuss aid package

  The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
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