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Egypt expects Saudi financial support by end of month - Daily News Egypt

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Egypt expects Saudi financial support by end of month

By Reuters CAIRO: Saudi Arabia will deposit $1 billion at the Egyptian central bank and buy T-bonds valued at $750 million by the end of the month as part of a $2.7 billion support package agreed with Riyadh this week, an Egyptian government official said on Thursday. In addition, Saudi Arabia will provide $250 million …


By Reuters

CAIRO: Saudi Arabia will deposit $1 billion at the Egyptian central bank and buy T-bonds valued at $750 million by the end of the month as part of a $2.7 billion support package agreed with Riyadh this week, an Egyptian government official said on Thursday.

In addition, Saudi Arabia will provide $250 million of support to buy fuel, after shortages across the country led to public anger, $500 million in project finance with am additional $200 million going to small- and medium-sized enterprises.

The official said the package had been agreed two days ago at a meeting of Arab officials in Morocco.

 

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https://www.dailynewsegypt.com/2012/04/19/egypt-expects-saudi-financial-support-by-end-of-month/
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