Parliament approves $500m loan agreement with IBRD
International Bank for Reconstruction and Development
Cairo - MENA
The parliament on Monday approved a USD 500 mn loan agreement with the International Bank for Reconstruction and Development to finance the Upper Egypt local development program.
The loan is planned to finance the development of infrastructure in the Upper Egyptian governorates of Qena and Sohag, Parliament's Deputy Speaker Al Sayed el Sherif said.
The two governorates were picked for being evaluated as the poorest governorates in Egypt, el Sherif said.
The World Bank has approved in December expanding Egypt's portfolio with its subsidiary the International Bank for Reconstruction and Development (IBRD) to $6 billion from $5 billion over the five years from 2015 to 2019.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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