Wealth Management by

Egypt received $572m in aid from US

June 23, 2014 4:28 am

US officials have said the administration has quietly sent around $572m in aid to Egypt some 10 days ago, after Congress finally approved its release, AFP has reported. The funds are the first tranche of some $1.5bn in mostly military aid, which has been frozen since October amid US administration demands that the Egyptian government introduce democratic reforms.