Egyptian President Abdel Fattah El Sisi issued on Thursday a decree approving a sixth loan contract between Egypt and the Arab Monetary Fund that was signed in November of 2015.

The loan's value is 59.160 million Arab Accounting Dinar (about 243.78 million dollars).

The President also agreed to reallocate 4.42 feddans of state-owned lands in Qena governorate for the establishment of apartment buildings.

Sisi also issued other decrees related to expropriating some buildings in Gharbiya and Dakahliya for public interest.

Source: MENA