foreign aid

Military official sees Egypt foreign reserves plunging
Business

Military official sees Egypt foreign reserves plunging

Egypt's foreign reserves will plunge by a third to US$15 billion by the end of January and the budget deficit…
Holland threatens to cut aid to Egypt following Maspero violence
Egypt

Holland threatens to cut aid to Egypt following Maspero violence

Dutch Foreign Minister Uri Rosenthal threatened to cut off Dutch aid to Egypt in the event that “the attacks and…
Egypt seen struggling to finance spending this year
Business

Egypt seen struggling to finance spending this year

In a display of financial independence, Egypt's military rulers last month turned down an offer of $3 billion from the…
Economic Research Center: Mubarak misappropriated US$185 bn of foreign aid
Business

Economic Research Center: Mubarak misappropriated US$185 bn of foreign aid

A recent study by the Economic Research Center said deposed President Hosni Mubarak misappropriated US$185 billion – or 87 percent…
Investigation begins into theft of foreign aid money
Egypt

Investigation begins into theft of foreign aid money

The Public Funds Prosecution (PFP) on Wednesday instructed official supervisory bodies to commence investigations into the theft of foreign aid…
Protest in Amsterdam in solidarity with Egyptians
Egypt

Protest in Amsterdam in solidarity with Egyptians

Scores of Egyptian, Dutch and other citizens protested on Sunday in Amsterdam’s Dam Square to express solidarity with Egypt's ongoing…
Minister: Egypt to phase out foreign aid in 10 years
Egypt

Minister: Egypt to phase out foreign aid in 10 years

In a press conference Wednesday, International Cooperation Minister Fayza Abul Naga announced that Egypt intended to phase out foreign financial…
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