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Tuesday, 17 May 2016

Other cabinet decisions to come out of 17 May 2016 cabinet meeting

Other decisions coming out of yesterday’s Cabinet meeting include:

  • Approval on a USD 120 mn equivalent financial agreement for the development of the Kasr Al Aini hospital with the Saudi Fund for Development;
  • Approval a USD 100 mn equivalent financial agreement for the expansion of the West Cairo power station with the Saudi Fund for Development;
  • Approval on paying EGP 1,250 per qintar (160 kg) for long-staple cotton and EGP 1,100 per qintar for short staple cotton;
  • Approval an agreement with Saudi Arabia to prevent double taxation.

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