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Egypt received $500m grant from Saudi last year

 
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Kirk
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PostPosted: Thu Mar 01, 2012 7:08 am    Post subject: Egypt received $500m grant from Saudi last year Reply with quote

Saudi foreign minister, Saud Al-Faisal has said Egypt has received a $500m grant from the kingdom in May 2011, as part of a total aid package of $3.7bn, Reuters has reported. He denied claims made by Egyptian prime minister Kamal El-Ganzouri that Arab and Western countries had breached their vows to help Egypt's economy in the wake of the uprising that toppled former president Hosni Mubarak. "Egypt has delayed talks over a $1.45bn investment by the Saudi Development Fund," he said.
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