Arab Today, arab today egypt returns 2bn aid to qatar
Last Updated : GMT 02:18:28
Arab Today, arab today
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Egypt returns $2bn aid to Qatar

Arab Today, arab today

Arab Today, arab today Egypt returns $2bn aid to Qatar

Doha - AFP

Qatar announced Thursday that Cairo has returned a $2-billion bank deposit which Doha wanted to transform into bonds, in a sign of strained ties since the ouster of Egypt\'s Islamist president Mohamed Morsi. A finance ministry spokesman said Doha \"respects the decision of the Egyptian government to return a two-billion-dollar deposit to Qatar,\" following the failure of two weeks of negotiations on converting the funds into bonds. The deposit was part of an $8-billion Qatari aid package to Egypt after the 2011 revolution which toppled its president Hosni Mubarak. Doha-Cairo ties have been unsettled since the Egyptian army\'s July 3 ouster of Morsi, who had the strong support of Qatar, following a wave of popular street protests.

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