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Egypt's Central Bank governor in Qatar for talks

Central Bank of Egypt Governor Hisham Ramez flew to Qatar for two day visit on Saturday 6 April, the details of which are yet to be disclosed

Ahram Online, Saturday 6 Apr 2013
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Views: 1803

Egypt Central Bank Governor Hisham Ramez left Cairo for the Qatari capital Doha on Saturday morning, state-owned news agency MENA reported.

Ramez is expected to meet with Qatari officials during his official two day long visit, though further details regarding the purpose of his visit were not disclosed.

Qatar has granted cash-strapped Egypt $5 billion, including a $1 billion grant and $4 billion worth of deposits at the Central Bank of Egypt, since the country's January 25 Revolution.

The oil-rich Gulf nation had promised to invest $18 billion in Egypt over the next five years in September 2012, though more recently, Qatari Finance Minister Youssef Kamal stated that his country did not expect to give further financial aid to Egypt “in the immediate term.” 

Qatari largesse has not been well received by Egyptian public opinion, fueling fears for Egypt's sovereignty as rumours abounded in recent months regarding a Qatari takeover of national landmarks such as the Suez Canal and the pyramids of Giza.

“The Qataris are not amused by the negative public and media perception of their assistance to Egypt,” a leading businessman who is in partnership with top Arab Gulf entrepreneurs told Ahram Online's Dina Ezzat late in March.

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