Forgot your password?



Back to login

Kuwait fund to lend Egypt $1.5 billion over next five years
April 8, 2015, 8:58 am
Share/Bookmark

The Kuwait Fund for Arab Economic Development plans to lend Egypt $1.5 billion over the next five years, extending $300 million each year, the fund's director-general Abdulwahab al-Bader said on Tuesday. He did not give details of the loans. The fund is the Kuwaiti government's agency for aiding developing countries in areas such as agriculture, transport and energy.

Kuwait, Saudi Arabia and the United Arab Emirates have provided billions of dollars of aid to Egypt in the past two years to support its economy and help it maintain political stability.

Share your views
CAPTCHA
 

"It is hard to fail, but it is worse never to have tried to succeed."

"Envy comes from wanting something that isn't yours. But grief comes from losing something you've already had."

Photo Gallery