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Saudi support to Egypt

By Zia H Shah on May 11, 2012 • ( Leave a comment )

KSA gives Egypt $2 billion to prop up its economy

By RIYADH: GHAZANFAR ALI KHAN ARAB NEWS STAFF Saudi Arabia yesterday agreed to give an initial loan package worth nearly $ 2 billion to support Egypt’s economy. It has transferred $ 1 billion to Egypt’s central bank as an eight-year deposit, Faiza Abu El-Naga, the Egyptian minister for planning and […]