Kuwait set to transfer $1bn grant to Egypt
05/04/2014 11:24 am EDT


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Kuwait’s ambassador to Cairo has said his country has pledged an EGP6.9bn ($1bn) grant to Egypt, to be approved by its parliament within days, Ahram has reported. Egypt has already received EGP20.9bn ($3bn) from Kuwait in bank deposits and oil shipments, but has yet to receive the EGP6.9bn ($1bn) promised grant.

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