Sunday 11 December 2016
 
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aid

EIB announces $2.66bn support for Tunisia

Tunisia will receive up to €2.5 billion ($2.66 billion) of support from the European Investment Bank (EIB) by 2020, the bank's president, Werner Hoyer, has announced. The objective of the aid is to promote inclusive and s

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EU, Egypt sign $142m aid package

The European Union and Egypt have signed a €129 million ($142.3 million) package of financial assistance to support socio-economic development in Egypt. The agreement was signed by Johannes Hahn, commissioner for European Nei

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Syria truce largely holds, aid convoys enter city from Turkey

A nationwide ceasefire brokered by the US and Russia was mostly holding across Syria on Tuesday and efforts to deliver badly needed aid to besieged areas including the city of Aleppo got cautiously underway. Saudi Arabia, a supporter of

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Suqia extends deadline to participate in water aid programme

Saeed Mohammed Al Tayer, chairman of the Board of Trustees of UAE Water Aid Foundation (Suqia), has extended the deadline to apply for the Mohammed bin Rashid Al Maktoum Water Award to September 30. The $1 million award was launch

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$3.5bn IMF aid for Morocco

The Executive Board of the International Monetary Fund (IMF) has approved a $3.47 billion aid for Morocco. The two-year arrangement will be under the precautionary and liquidity line (PLL) for SDR 2.504 billion (about $3.47 billio

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Powers fail to agree new date for Syria peace talks

Major power foreign ministers failed to agree a new date to resume Syrian peace talks at a meeting on Tuesday, and the opposition said it would not come back to Geneva negotiations unless conditions improved on the ground. A pessi

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Saudi Arabia signs agreement for $230m aid to Morocco

Saudi Arabia and Morocco have signed an aid agreement worth $230 million, the Moroccan finance ministry said on Wednesday, part of a five-year package of financial assistance extended by wealthy Gulf states. Four Gulf states - Qat

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Syria aid deliveries face growing difficulties

The United Nations has voiced concern over stalled aid deliveries to besieged areas in Syria, with convoys delayed or surgical equipment being removed, mainly by government forces.   Jan Egeland, chairman of a ta

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Oman Air trims losses, says in need of less govt aid

State carrier Oman Air's losses narrowed last year and it required less financial support from the government as the airline boosted its capacity, chairman Darwish Al Balushi said on Sunday. The fate of the carrier, which has

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Saudi suspends $3bn package to Lebanese army

Saudi Arabia has suspended a $3 billion aid package for the Lebanese army to buy French weapons, state news agency SPA reported.   The agency also quoted an official source as saying that the kingdom has also can

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