The Gulf Today Saudi Arabia approves $100m loan for Egypt's power station Saudi Arabia's Ambassador to Cairo Ahmed Bin Abdulaziz Qattan has announced that the Saudi Fund for Development board, led by Saudi Finance Minister Ibrahim bin Abdulaziz Al-Assaf, has approved a $100 million loan to Egypt. According to information, the loan will help in funding the expansion project of the West Cairo power station for generating 650 megawatts. Read more: http://gulftoday.ae/portal/961f1d93-8825-4947-bded-2bf34d540449.aspx
Despite pitfalls, Egypt works toward economic stability CNBC After several years of social and economic upheaval, Egypt — the most populous and one of the most strategically important nations in the Middle East — appears to be on a tentative road to recovery. Although recent parliamentary elections were met with low voter turnout, analysts are encouraged by the economic reforms being spearheaded by President Abdel Fatah al-Sisi, who appears committed to boosting Egypt's long-term outlook. Read more: http://www.cnbc.com/2015/11/29/despite-pitfalls-egypt-works-toward-economic-stability.html
