Egypt

Saudi Arabia To Send Egypt $5 Billion

In cash, energy products, and central bank deposits

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Saudi Arabia approved a $5 billion aid package to Egypt on Tuesday comprising a $2 billion central bank deposit, $2 billion in energy products, and $1 billion in cash, the Saudi Finance Minister Ibrahim Alassaf told Reuters.

The United Arab Emirates will provide a $1 billion grant to Egypt and a $2 billion loan as an interest-free central bank deposit, state news agency WAM said on Tuesday.