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|CAIRO Quintin Demps Jersey , July 18 (Xinhua) -- The Central Bank of Egypt (CBE) received on Tuesday the second loan installment worth 1.25 billion U.S. dollars from the International Monetary Fund (IMF), official news agency MENA reported.
"The 2nd tranche would boost the CBE's cash reserve of foreign currency," MENA quoted a CBE's official as saying.
The foreign currency reserves reached 31 billion U.S. dollars in March, the highest since March 2011, when it was estimated at 36 billion dollars.
In 2016 Kendall Wright Jersey , the IMF Executive Board voted in favor of a three-year, 12-billion-dollar loan to Egypt to encourage its economic reforms.
Egypt received the first installment of 2.75 billion dollars from the IMF last November.
Egypt's economic reforms include cutting subsidies, raising taxes and floating the currency.
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WASHINGTON, Aug. 29 (Xinhua) -- U.S. President Donald Trump defended Monday his controversial pardon of Joe Arpaio Mike Glennon Jersey , a former sheriff of the U.S. state of Arizona, who was convicted of criminal contempt in a racial profiling case earlier this year.
"Well, a lot of people think it was the right thing to do," Trump said in a White House press conference when asked to respond to broad criticism, including some in his own party Eddie Jackson Jersey , over the pardon.
"He's done a great job for the people of Arizona. He is very strong on borders, very strong on illegal immigration," Trump argued, defending his decision to pardon the sheriff who took an outspoken and tough stance on immigration issues.
Arpaio, 85 Tarik Cohen Jersey , was convicted late last month for willfully violating a 2011 court order that stops officers from detaining people simply on suspicion of being illegal immigrants.
The former sheriff of Maricopa County, Arizona, who had a reputation for his rough treatment of criminals, especially Hispanic ones, faced a maximum of six years in prison.
The White House announced that Trump would pardon Arpaio last Friday night when Hurricane Harvey was about to make landfall in coastal areas of Texas State Adam Shaheen Jersey , an attempt criticized for burying the controversial announcement under a barrage of weather headlines.
However, Trump said he decided to announce the pardon Friday evening because he believed that more people would be watching television at that time for the sake of hurricane.
"I assumed the ratings would be far higher than they would be normally," he told reporters.
"Sheriff Joe was very unfairly treated by the Obama administration, especially right before an election, an election that he would have won. And he was elected many times Eddie Goldman Bears Jersey ," he added.
Reading a prepared sheet of paper, Trump also rattled off other controversial pardons to the former official under his predecessors Bill Clinton and Barack Obama to defend his move.
Although Trump touted his decision was supported by people of Arizona, the pardon met criticism from the two Republican senators of the state.
Senator Jeff Flake said he would have preferred Trump to "honor the judicial process and let it take its course," while Senator John McCain said he believes the pardon "undermines Trump's claim for the respect of rule of law."
Arpaio was also known for campaigning for Trump last year and investigating groundless claims that Obama was not born in the United States.
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BEIJING, Jan. 24 (Xinhua) -- Shares of Leshi Internet Information and Technology, the listed arm of technology conglomerate LeEco Cody Whitehair Bears Jersey , slumped by the daily limit of 10 percent at market opening Wednesday after the stock restarted trading.
The plunge came after a suspension since April last year, when the company said in a filing on the Shenzhen Stock Exchange that it was contemplating capital restructuring.
The planned deal to acquire a film arm from the troubled LeEco was finally dropped due to LeEco's financial woes.
LeEco was in deep water in the past year as the company's aggressive expansion into electric cars and other markets resulted in rapid build-up of debt.
LeEco founder Jia Yueting was said to owe about 7.5 billion yuan (1.17 billion U.S. dollars) to Leshi together with his affiliates, according to Leshi.
Jia, currently in the United States, was ordered by China's securities regulator to return to China to deal with the mounting debt trouble.
Leshi said in a recent filing with the exchange that it had seen sharp declines in revenue and a surge in financing costs in 2017. It also claimed difficulty in collecting receivables and tight cash flow situation.
The smart TV maker expected a net profit loss for 2017 and warned investors of operation difficulty.
Net profit attributable to shareholders slumped 435 percent year-on-year in the first three quarters and resulted in a loss of about 1.65 billion yuan.