The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
“$500 million have been paid into the finance ministry’s account via the Central Bank [of Egypt],” Egypt’s official Mena news agency quoted Finance Minister Mumtaz Al Said as saying.
The minister said Qatar would pay the remaining funds in September, reminding that the Gulf state had also given Egypt an additional $500 million in October last year.
Egypt on Wednesday asked for a $4.8 billion loan from the International Monetary Fund, or IMF, during a visit by director Christine Lagarde to Cairo. The IMF, for its part, stressed the need for a reform programme to deal with the country’s economic crisis. The meeting with Lagarde sent a “signal to investors... of a revival for the Egyptian economy,” said the minister.
Qatar’s decision to give $2 billion in financial aid to Egypt followed a recent meeting in Cairo between President Mohamed Morsi and the Amir of Qatar, His Highness Shaikh Hamad bin Khalifa Al Thani.
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
She was shopping in Hong Kong, where she was on vacation with her family, when someone spotted her and asked if she'd like to become a model.
After the October 7 attacks, Israel imposed a complete siege on Gaza, blocking food, water and medicine, before eventually allowing some deliveries
The event highlighted Hilton's innovative ‘Green Ramadan’ initiative and its commitment to sustainable hospitality in Hilton
On every 19th of Ramadan, the country celebrates Sheikh Zayed Humanitarian Day to commemorate the humanitarian efforts of the founding father
Customers can earn miles with every purchase made with any linked payment card across all Union Coop stores and online
People will be trained for a couple of months before they are able to drive and fly it
Conditions are likely to get humid by night time