Arab Today, arab today libya to deposit 2 billion in egyptian central bank
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Loan to be used on 'small projects'

Libya to deposit $2 billion in Egyptian Central Bank

Arab Today, arab today

Arab Today, arab today Libya to deposit $2 billion in Egyptian Central Bank

Egyptian Minister of Finance Momtaz Saaed
Tripoli – Emad Agag

Egyptian Minister of Finance Momtaz Saaed Tripoli – Emad Agag Egyptian Minister of Finance Momtaz Saaed, revealed Libyan authorities promised during the talks with Libyan officials a few days ago to submit a deposit into the Central Bank of Egypt worth two billion dollars from the release of frozen Libyan assets abroad from last year\'s sanctions against Gaddafi\'s regime.
This was stated in a press release by the Egyptian minister after the meeting of the Egyptian economic ministerial group headed by the Egyptian Prime Minister Dr Hesham Kandil.
The Libyan side in return urged Egyptian companies to return to Libya, especially the construction companies as well as the Egyptian workers.
Saaed also told reporters that Qatar will also put a deposit worth two billion dollars into the Egyptian bank as announced during a meeting between the Qatar Prince and the Egyptian President Mohammed Morsi, that $500,000,00 will arrive this week with a grace period of 3 years in addition to a repayment period of 5 other years with a fixed LIBOR interest rate for six months. The remaining $ 1.5 billion to arrive before 15 of the next month.
After a meeting with the Egyptian Prime Minister which discussed Egypt\'s IMF loan worth $ 3.2 billion the Egyptian Finance Minister announced that: \"A technical mission from the IMF shall visit Egypt by the end of August to complete the negotiations on the loan on August 26 or 27 or 28.
Momtaz Saaed explained how the World Bank loan worth $ 200,000,000 will support small projects, at a very low interest rate.


 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya to deposit 2 billion in egyptian central bank Arab Today, arab today libya to deposit 2 billion in egyptian central bank

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today libya to deposit 2 billion in egyptian central bank Arab Today, arab today libya to deposit 2 billion in egyptian central bank

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday