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Egypt to receive up to $4bn in additional aid from Saudi Arabia: report

: Saturday, February 01 - 2014 @ 01:07

An Egyptian daily has said Saudi Arabia is expected to give Egypt up to $4bn in additional aid in the form of central bank deposits and petroleum products, Reuters has reported. Citing an unnamed ministerial source, state-run Al Ahram said the package would be worked out during a visit next week to the kingdom by Egypt’s interim prime minister, Hazem el-Beblawi. Egypt is set to announce within days details of a second stimulus package since Mursi was ousted, its finance minister said on Tuesday, aiming to boost tepid growth rates and reassure investors.

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Saturday, February 1- 2014 @ 1:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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