05 Jun '11, 1pm

Money - Egypt seals $3.7b financing: CAIRO - EGYPT secured a US$3 billion (S$3.7 billion), 12-month standby fina...

CAIRO - EGYPT secured a US$3 billion (S$3.7 billion), 12-month standby financing agreement with the International Monetary Fund on Sunday, the IMF said in a statement. 'The authorities' economic programme is a first step to laying the foundation for a more inclusive private-sector-led economic growth,' the statement said. 'Monetary and exchange rate policies will aim at maintaining macroeconomic stability, including by preserving a comfortable level of reserves to ensure that Egypt will have a buffer against unanticipated shocks,' it added. -- REUTERS

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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Border shut after Gaza-Egypt spat

channelnewsasia.com 05 Jun '11, 3pm

GAZA CITY, Palestinian Territories: Palestinian officials have suspended operations at the Rafah border crossing with Egyp...