Daily Journal masthead

Egypt's state-run news agency says President Abdel-Fattah el-Sissi has ordered that one billion Egyptian pounds ($127.7 million dollars) worth of funds donated by government supporters be used to build 100,000 housing units

bug
Share/Save/Bookmark

CAIRO — Egypt's state-run news agency says President Abdel-Fattah el-Sissi has ordered that one billion Egyptian pounds ($127 million dollars) worth of funds donated by government supporters be used to build 100,000 housing units.

MENA said Saturday the financing would come from Tahya Misr, a fund launched by el-Sissi in 2014 to collect donations in order to support the Egyptian economy.

Since overthrowing an elected Islamist leader in 2013, el-Sissi has vowed to revive an economy battered by years of turmoil. Egypt's outlook has grown bleaker in recent months, however, as Gulf aid has dried up and militant attacks have dealt a further blow to tourism and foreign investment.

Think your friends should see this? Share it with them!

Story copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Places:

 

Follow Daily Journal:

All content copyright ©2016 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.