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Iran says ready to lend Egypt much-needed funds

Iranian leader says ready to offer loan to Egypt

AP, Wednesday 6 Feb 2013
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Views: 1182

Iran's president says his country is ready to provide a "big credit line" to help revive the distressed economy of Egypt, which saw its foreign currency reserves — already at critically low levels — fall nearly 10 per cent last month.

Mahmoud Ahmadinejad, whose comments were published in the state-run Al-Ahram newspaper on Wednesday, is on a three-day visit to Egypt, centered around an Islamic summit.

It is the first trip by an Iranian leader in more than three decades. The two countries severed relations after the 1979 Islamic revolution, but after fall of Egypt's close U.S. ally Hosni Mubarak and last summer's election of an Islamist president, the two countries have grown closer.

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Timothy Kaldas
07-02-2013 04:47pm
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Completely absurd
Iran is in the midst of its own economic crisis due to the sanctions it has been hit with. It cannot afford to bail anyone else out.
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Nahum Freeman. Israel
06-02-2013 05:10pm
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Credit line from Iran to Egypt
There are many reports that the Iran regime is close to collapsing because of inflation and other economic and social woes. So is the promise of money to Egypt for real or just a political speech ?
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Dalou
10-02-2013 04:58pm
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Concerned about Egypt
Nahum Freeman. Israel, i have yet to see One Pro-Israel Apartheid, take a an ocasion to post something about Palestinian Misery.
Aadel M Al-Mahdy
07-02-2013 02:01am
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Is the news
you brought forth in here for real? Are you really concerned about Egypt, I wonder!!!
Aly Sadek
06-02-2013 09:02pm
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Iran says ready to lend Egypt
Nahum...you're right 100%.......this is the Ahmed #$%@&....*&^#(
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