Egypt receives $2 billion deposit from Kuwait

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26-09-2013 | 05:13
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Egypt receives $2 billion deposit from Kuwait
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Egypt receives $2 billion deposit from Kuwait
  
Egypt's central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday.              

The deposit is part of $12 billion in aid that Saudi Arabia, Kuwait and the United Arab Emirates promised Egypt after the military deposed Islamist president Mohamed Morsi on July 3.               
"Yes. The Kuwait $2 billion (has been) received," Hisham Ramez told Reuters in a text message.             

Ramez said one week ago that Egypt had returned a $2 billion deposit from Qatar, which strongly supported Morsi, after negotiations to turn it into three-year bonds had failed.              

REUTERS
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