Minister: IMF loan to lure foreign investments to Egypt
Trade and Industry Minister Tareq Qabil
Cairo - MENA
Trade and Industry Minister Tareq Qabil said Tuesday the initial agreement with the International Monetary Fund (IMF) on a dlrs 12 bln-loan will lure foreign investments to Egypt.
Addressing the two-day Euromoney conference, Qabil said the agreement aims at bolstering the world's confidence in the Egyptian economy.
He said the three-year loan deal proves that the government's economic reform plan is on the right track.
He added that the loan would contribute to improving the trade balance, saving hard currency, buttressing exports and imports and settling the problem of unstable prices.
He added that the ministry is exerting strenuous efforts to improve the trade balance.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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