Bloomberg News

Egypt Gets 85 Million Kuwaiti Dinar in Loans From Arab Fund

March 29, 2012

Egypt secured two loans totaling 85 million Kuwaiti dinars ($306 million) from the Arab Fund for Social and Economic Development, according to a statement from the Ministry of Planning and International Cooperation.

The funds are earmarked for a power station in southern Cairo and promoting small and medium-sized companies, said the ministry.

To contact the reporter on this story: Abdel Latif Wahba in Cairo alatifwahba@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net


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