New Egypt minister says no need for IMF aid now

By Sabrina Khalil On Jul 15, 2013

IMFaid

Seems like Egypt is now refusing funds from certain organizations! Ashraf al-Arabi the Planning Minister in the Interim Government said: “Aid from Arab states will carry Egypt through its transition period, and it does not need to restart negotiations with the IMF now” AshrafAl-Arabi

Ashraf al-Arabi, a U.S.-educated economist who served in the same post under deposed President Mohamed Morsi until May, joins a government led by liberal economist Hazem el-Beblawi. Beblawi has named economists to several senior posts so far.

“The time is not appropriate to begin new negotiations with the IMF,” Said al-Arabi to reporters and that “Arab aid will enable Egypt to get through the transitional stage in a good way.”

Sabrina Khalil

Determined, strong willed and a true joker of all trades, Sabrina Khalil is capable of molding herself for any task handed to her. Raised to take over the family hospitality business ranging from hotels on the red sea to duty free stores, Sabrina caught the business bug early on as a teenager. After conquering her fathers trade and always having a knack for all that is entertainment Sabrina teamed up with her best friend of over 15 years to bring their vision to life Nineteen84 luxury and event management; things got even bigger when they teamed up with another long time friend Kareem El Nagdy to start Scoop Empire and the rest is what you call history now.

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