Egypt to receive Gulf deposits in two weeks: Minister

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

Deya Abaza , Monday 6 Apr 2015

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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Terrence

07-04-2015 03:27pm

Bribery of tyrannical proportions

Of course these corrupt sheikhs would do it wouldn't they? Who is going to protect them from their own people when they rise up and demand account from their tyrannical looters (I mean rulers)? It has to be another tyrant whose military has been rendered impotent in fighting against the zionist enemy and their American proxies. They are good only for oppression and tyranny on their their own population; and to lend support to those who are also in the same mould like the Saud family and the Emirati families.

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Egypt to receive Gulf deposits in two weeks: Minister

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

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