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.
GMT 21:08 2017 Wednesday ,01 March
Egypt, WB mull agreement on new funding program worth $150mGMT 17:30 2017 Monday ,27 February
Egypt's exports up by 35 percent in 2016GMT 16:23 2017 Saturday ,18 February
Indonesia releases seized shipments of citrusGMT 06:09 2016 Saturday ,31 December
Egypt's non-petroleum exports record $20bn in 2016GMT 09:10 2016 Tuesday ,27 December
Trade minister: EAEU agrees on starting free trade negotiations with Egypt
- Tuesday ,27 December GMT 09:10 2016 Trade minister: EAEU agrees on starting free trade negotiations with Egypt
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:37 2016 Monday ,12 September
Alaves the heroes of the week in Spanish Liga
GMT 12:50 2017 Thursday ,02 November
Plane-sized 'void' discovered in Great Pyramid
GMT 09:08 2017 Saturday ,16 December
Sudan's FM blames media for tensions
GMT 21:54 2017 Saturday ,25 November
Gearing up for one more F1 show
GMT 12:55 2014 Tuesday ,03 June
New Opel Vivaro attractive in every respect
GMT 05:37 2012 Monday ,13 August
Don’t partner with Hezbollah!
GMT 08:56 2014 Sunday ,20 July
18 killed in series of car bomb attacks in Iraqi capitalGMT 20:19 2012 Monday ,08 October
Saudi female lawyers to represent clients in court
GMT 10:29 2017 Friday ,05 May
Bahrain's Commander Meets GCC Navies' Commanders
GMT 10:54 2017 Sunday ,17 September
UN Security Council condmned N. Korea’s ballestic missileGMT 12:11 2011 Saturday ,25 June
Impressively loaded but falls short
GMT 11:28 2018 Friday ,05 January
Seven Russian bobsleigh and skeleton athletes cleared for World Cup, but not Olympics
GMT 13:15 2016 Friday ,02 December
Video game goodies are new frontier for Deutsche Boerse
GMT 12:57 2016 Tuesday ,06 December
Scottish universities warn they are at 'tipping point' following
GMT 11:36 2017 Sunday ,08 October
HEC Paris joins the GOV HR SummitGMT 17:34 2012 Monday ,22 October
Empower lead sponsor of World Energy Forum 2012
GMT 15:38 2015 Thursday ,05 March
Bahraini PM's Court president praises press role
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor