Home > News > World
Thursday January 30, 2014 MYT 3:25:01 PM
Thursday January 30, 2014 MYT 3:26:01 PM
CAIRO (Reuters) - Saudi Arabia is expected to give Egypt up to $4 billion in additional aid in the form of central bank deposits and petroleum products, state-run Egyptian newspaper Al Ahram reported on Thursday.
Citing an unnamed ministerial source, the newspaper said the package would be worked out during a visit next week to the kingdom by Egypt's interim prime minister Hazem el-Beblawi.
Gulf Arab states have showered Egypt with billions of dollars since the army toppled President Mohamed Mursi of the Muslim Brotherhood in July.
The funds have kept the economy afloat during political turmoil which has hit investment and tourism hard.
Egypt will announce within days details of a second stimulus package since Mursi was ousted, its finance minister said on Tuesday, aiming to boost tepid growth rates and reassure investors.
The economy grew by just 1.04 percent in the three months through last September from a year earlier, according to central bank data.
(Writing by Michael Georgy; Editing by John Stonestreet)
Egypt steps up campaign to control mosques
U.S. diplomat criticises PM Orban's Russia policies
French court approves Kazakh tycoon Ablyazov's extradition to Russia
Vienna inaugurates monument to World War Two deserters
Canada vows tougher laws as citizens worry in face of attacks
U.S. general says he believes North Korea can build nuclear warhead
No U.S. troop cuts without credible North Korea nuclear deal, says Kerry
Greek tomb linked to Alexander The Great yielding its treasures
HTC One E8: One direction
Mesmerising Northern Territory – its parks and indigenous culture
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)