The golden Turkey?
Turkey has agreed an $1billion loan for Egypt during Morsi's visit
Click here to add AK Party as an alert
Disable alert for AK Party,
Click here to add Ankara as an alert
Disable alert for Ankara,
Click here to add Cairo as an alert
Disable alert for Cairo,
Click here to add Mohamed Morsi as an alert
Disable alert for Mohamed Morsi,
Click here to add Mohamed Mursi as an alert
Disable alert for Mohamed Mursi,
Click here to add state-run MENA news agency as an alert
Disable alert for state-run MENA news agency,
Click here to add Turkish Prime Minister Recep Tayyip Erdogan as an alert
Disable alert for Turkish Prime Minister Rec ...
Turkey has agreed a $1 billion loan for Egypt during President Mohamed Morsi's visit to the country, the state-run MENA news agency reported on Sunday.
The borrowing is the first tranche of a total reported $2 billion Turkish aid package for Cairo.
President Mohamed Mursi signed the loan agreement with Turkish Prime Minister Recep Tayyip Erdogan after giving a Sunday speech at Turkey's ruling AK Party conference in the capital Ankara.
During his first visit to Turkey as Egyptian president, Morsi spoke from the stage and urged his audience to support "nations that are aspiring to freedom and independence."
Addressing the Turkish nation specifically, Morsi added: "The Arab world and the Arab Spring need you and your support to achieve sought-for stability."
- Will terror attacks damper Arabs' appetite for European holidays?
- So cool it's hot: Saudi Arabia's $3.2B HVACR market driven by construction boom
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge
- A 'golden opportunity' missed: why Turkey didn't show up in crucial Asia and Africa conference
- Turkey's Erdogan is daring an opposition party leader to find a single golden loo at the presidential palace
- Julianne Moore's acting skills are so bad they made Turkey's tourism board depressed!
- Credit crunch a ‘golden opportunity’