saudi considers egypt aid request
Last Updated : GMT 02:47:22
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Riyadh chiefs pledges $5bn

Saudi considers Egypt aid request

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Arab Today, arab today Saudi considers Egypt aid request

Saudi ambassador to Egypt, Ahmed Qattan
Cairo – Al Deeb Abu Ali

Saudi ambassador to Egypt, Ahmed Qattan Cairo – Al Deeb Abu Ali Saudi ambassador to Egypt, Ahmed Qattan, has revealed that his country is analysing a report handed to them by Egyptian officials detailing their financial needs over the next 12 months. Qattan told reporters in Cairo that Egypt\'s interim prime minister Hazem el-Beblawi had also given the financial report to United Arab Emirates (UAE), and Kuwait. Saudi Arabia has also pledged to give Egypt $5 billion in aid. The total sum required by Egypt for the next 12 months is listed as $12bn. The Egyptian government is keen to avoid imposing austerity measures, as it seeks to improve the economy.

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