Egypt's central bank receives $2 bln Saudi loan - governor

CAIRO, July 21 Sun Jul 21, 2013 8:05am EDT

CAIRO, July 21 (Reuters) - Egypt's central bank has received $2 billion in Saudi funds in the form of a five-year interest-free loan, the bank's governor Hisham Ramez said on Sunday.

The funds deposited with the bank are part of a $5 billion aid package to Egypt that Saudi Arabia pledged on July 9 after the Egyptian army overthrew President Mohamed Mursi.

The aid will also include $2 billion in energy products and $1 billion in cash.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video