Saudi pledges $5bn in aid to Egypt

GMT 19:01 2013 Tuesday ,09 July

Arab Today, arab today Saudi pledges $5bn in aid to Egypt

Saudi Arabia said on Tuesday that it would give Egypt $5 billion (3.9 billion euro) aid to support its economy, six days after the army toppled Islamist president Mohamed Morsi. The aid, which was decided by King Abdullah, will be made up of a $2 billion interest-free deposit in Egypt's central bank, a $1 billion donation and the equivalent of $2 billion in oil and gas products.

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