EGYPT
Gulf States Finalize Rescue Package For Egypt
Three Gulf states – UAE, Saudi Arabia and Kuwait – have rushed to put together a $12bn rescue package in aid for cash-strapped Egypt this week.
The pledged aid, which was announced promptly following the ouster of former Islamist president Muhammad Mursi, underlines the gravity of Egypt’s economic problems. It also shows that some Gulf states, previously reluctant to assist Islamist...
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