Egypt to receive Gulf deposits in two weeks: Minister

Deya Abaza , Monday 6 Apr 2015

Egypt's net international reserves stood at $15.5 billion at the end of February

Egypt will receive the pledged deposits from the Gulf in the coming two weeks, the minister of investment, Ashraf Salman, announced on Monday.

Gulf countries have pledged at least $3 billion in deposits to Egypt's central bank as part of a total of $12.5 billion in aid during an economic conference held last month in Sharm El-Sheikh.

Egypt's net international reserves stood at $15.5 billion at the end of February.

 

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