Tag Archives: Kuwait

UAE to continue political, economic support to #Egypt after poll – report

CAIRO, May 24 (Reuters) – The United Arab Emirates will continue its political and economic support for Egypt after a presidential election next week that is expected to be won by former army chief Abdel Fattah al-Sisi, Egypt‘s state news agency reported on … Continue reading

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#Egypt to partake in investment in #Kuwait on Wednesday

A high-level Egyptian delegation grouping Planning Minister Ashraf el-Arabi and Investment Minister Osama Saleh arrived in Kuwait Tuesday 10/12/2013 on a few days’ visit to attend Arab investment talks. The ministers will represent Egypt at the “Arab Investment Meeting (AIM): … Continue reading

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#Egypt has five years to repay $2 bln from #Kuwait, says PM

The Gulf Arab state of Kuwait will allow Egypt to repay a $2 billion central bank deposit over five years instead of the current one-year timeframe, Egypt’s interim prime minister said on Sunday. Kuwait agreed to give Egypt the extended … Continue reading

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Report: #Egypt faces no problem in petroleum products until end of 2013

Egypt’s petroleum products supply is sufficient until the end of the current year due to Arab Gulf aid and available funds for imports, state-owned Al-Ahram daily newspaper reported Sunday. The Ministry of Finance is obliged to pay dues on imported … Continue reading

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#Egypt plans new stimulus package in early 2014

Egypt plans a second stimulus package worth billions of dollars early next year, its trade and industry minister said, as the government works to give people jobs and put money in their pockets during a tough political transition. The package … Continue reading

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#Egypt hopes to tie oil payments to production increases

Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more rapid repayment of $6 billion it owes them, its finance minister said on Sunday. The government also plans to repay … Continue reading

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#Kuwait to transfer $2 bln aid to #Egypt – Egypt cenbank chief

The Gulf Arab state of Kuwait will deposit $2 billion in aid in Egypt’s central bank next week, the Egyptian central bank governor said on Wednesday. Hisham Ramez told the Al Arabiya television network the money would stay in the … Continue reading

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