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UAE, Saudi and Kuwait agree $2.5bn aid to JordanThe UAE, Saudi Arabia and Kuwait have agreed to provide a $2.5 billion economic aid package to Jordan, to help the country which is facing an economic crisis following anti-austerity protests, a media report said. The announcement More… |
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Egypt receives $2 billion loan from SaudiEgypt's central bank has received $2 billion in Saudi funds, the latest instalment of a $12 billion aid package pledged by Gulf Arab states after the military ousted Islamist President Mohamed Mursi on July 3. Egypt's fina More… |
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Turkey to clear $2bn Egypt aid in two monthsTurkey will transfer the remaining $1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said on Wednesday. The loan will be a shot i More… |
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Bahrain set to receive GCC aidBahrain is set to receive the first tranche of a GCC development package aimed at helping boost vital housing, roads, electricity, water, industrial and social development projects. Under an agreement, Kuwait's share More… |
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Saudi aid to include $1bn Egypt cbank depositA $4 billion aid package Saudi Arabia has pledged to Egypt will include a $1 billion deposit at the Central Bank of Egypt and $500 million in bond purchases, Al-Ahram newspaper quoted a Saudi official on Sunday as saying. The package, whic More… |
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Tupperware to aid Japan quake victimsTupperware Brands Corporation, a portfolio of global direct selling companies, has announced a four-pronged relief programme for the victims of recent earthquake and tsunami in Japan. The programme consists of: • A donation of More… |
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Kuwait to guarantee loans in $5bn aid packageKuwait will guarantee 50 percent of fresh loans banks provide to local firms as part of a $5 billion rescue plan to soften the impact of a global credit crunch, the central bank governor said on Sunday. Sheikh Salem Abdul-Aziz Al-Sabah als More… |
