Bloomberg News

Saudi Arabia to Implement Egypt Aid This Month, Minister Says

May 05, 2012

Saudi Arabia “will start implementing” a financial aid package to Egypt this month with a $1 billion deposit in the North African country’s central bank, the Egyptian Cabinet said on its Facebook page, citing Minister of Planning and International Cooperation Fayza Aboulnaga.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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