BREAKING NEWS

UAE agrees to give Egypt $3 billion in loans and grant

By REUTERS

JULY 9, 2013 15:20

CAIRO- The United Arab Emirates has agreed to grant Egypt $1 billion and lend it another $2 billion, an Egyptian source close to the talks said on Tuesday.

The source said the amount was expected to be part of a larger financial package from the UAE. The loan would be in the form of a deposit at Egypt's central bank, although the interest rate and maturity had yet to be finalised.

He also said that Saudi Arabia was expected to lend Egypt $2 billion, which he expected to be confirmed within two days.

Protesters block traffic in Ayalon north, call for a hostage deal

By JERUSALEM POST STAFF

05/08/2024 08:08 AM

IDF strikes Hezbollah targets in six areas of southern Lebanon

By JERUSALEM POST STAFF

05/08/2024 08:06 AM

US military says Yemen's Houthis launched three drones

By REUTERS

05/08/2024 06:08 AM

Kenya, Somalia strengthen bilateral ties with new collaboration agreement

By THE MEDIA LINE STAFF