Kuwait set to transfer $1bn grant to Egypt

April 5, 2014 11:24 am

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.