Arab Today, arab today kuwait to loan egypt 100 million in january
Last Updated : GMT 22:49:43
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Kuwait to loan Egypt $100 million in January

Arab Today, arab today

Arab Today, arab today Kuwait to loan Egypt $100 million in January

Cairo - Arabstoday

Kuwaiti newspaper Al-Nahar reported on Friday that Kuwaiti Ambassador to Egypt Rasheed Al-Hamad said that his country would provide Egyptian government with a $100 million loan next January to finance large-scale projects. "Kuwaiti investments in Egypt were not out-flowed under any circumstance, especially in tourism's sector," the newspaper quoted Al-Hamad as saying. Hamad added that the volume of Kuwaiti investments in Egypt exceeds $7 billion, and that Kuwait is keen to strengthen its relations with Egypt even, particularly in the economic arena.

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