Middle East Economic Survey

VOL. LIV

No 42

17-Oct-2011

EGYPT

Arab Aid To Egypt Tops $1.5Bn So Far

Egypt has so far received $1.5bn in Arab grants, with $500mn each from Saudi Arabia, the UAE and Qatar, Egypts Deputy Prime Minister and Minister of Finance, Hazim al-Biblawi has recently announced. The minister added that negotiations were ongoing to receive further aid of $3.9bn from Saudi Arabia and $3bn from the UAE. He noted however that Egypt had been promised aid from other donors, but...