EGYPT

 

Saudi Aid Starts Heading To Egypt

Saudi Arabia is to make available a financial package of about $2bn to Egypt under agreements signed in Cairo on 10 May. The package is a follow up of the framework agreement between Saudi Arabia and Egypt signed in Morocco in April on the sidelines of the meeting of Arab development funds (MEES, 30 April). The package includes a deposit of $1bn of Saudi funds with the Central Bank of Egypt (CBE) for a period of eight...