Saturday 2 July 2022 \



Review details how Afghan execs looted Kabul Bank

By Deb Riechmann | AP | 28 Nov 2012

Hundreds of millions of dollars from Kabul Bank were spirited out of Afghanistan — some smuggled in airline food trays — to bank accounts in more than two dozen countries, according to an independent review released on Wednesday about massive fraud that led to the collapse of the nation’s largest financial institution.


Egypt reaches preliminary deal for $4.8 bln IMF loan

By Reuters | 21 Nov 2012

Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a $4.8 billion loan, a minister said on Tuesday.

The deal is seen as a vital step for shoring up Egypt’s battered finances and rebuilding the confidence of investors, who have been looking to the IMF to give its seal of approval to the government’s economic program.

“We have a preliminary agreement with the technical team of the IMF,” Planning and International Cooperation Minister Ashraf al-Araby told a news conference with the head of the IMF delegation, Andreas Bauer, and other IMF officials.


Arab Monetary Fund unlikely to offer aid to Europe

By REUTERS / Dec. 12/2011

ABU DHABI: The Arab Monetary Fund is unlikely to offer any funding assistance to the euro zone because providing loans to unrest-hit countries across the Arab world has priority, Director General Jassim Al-Mannai said on Sunday.


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