Friday 11 October 2013

Egypt plans new stimulus package worth billions of dollars in early 2014 | GulfNews.com

Egypt plans new stimulus package worth billions of dollars in early 2014 | GulfNews.com:

"Egypt plans a second stimulus package worth billions of dollars early next year, its trade and industry minister said, as the government works to give people jobs and put money in their pockets during a tough political transition.
The package will likely be equal to or larger than a 22.3 billion Egyptian pound (Dh11.8 billion, $3.2 billion) package announced in August, trade minister Mounir Fakhry Abdul Nour told Reuters in an interview on Wednesday.
His comments came hours before the United States halted some aid to the army-backed transitional government following a crackdown on the Muslim Brotherhood, a move that Cairo sharply criticised."

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