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Entries in Youssef Kamal (1)

Monday
Mar112013

Egypt (and Beyond) Live Coverage: Qatar Says No More Aid to Cairo

Qatari Minister of Finance Youssef Kamel1617 GMT: Bahrain. An interesting political development --- a royal decree has appointed Crown Prince Salman, often framed as a "moderate" within the regime, as 1st Deputy Prime Minister --- working with his uncle, the "hard-line" Prime Minister --- "to develop the performance of the executive".

1610 GMT: Egypt. Cairo is studying an offer from the International Monetary Fund of a bridging loan, a source at the Ministry of Finance ministry has said.

The funding, known as the IMF's Rapid Financing Instrument, is temporary and would not replace Egypt's negotiations with the IMF on a $4.8 billion loan, the source said.

The source added, "Egypt continues to work towards restructuring its economy through the economic reform programme."

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