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Discussion Egypt: Billions of Aid Sent to them Since the Ouster of Morsi.....


DP Veteran
Feb 26, 2012
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Chicago Illinois
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The United Arab Emirates has transferred $3 billion in promised aid to Egypt and another $2 billion from Saudi Arabia will arrive shortly, Egypt's central bank governor told the state newspaper al-Ahram on Thursday.

Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of President Mohamed Mursi, throwing a lifeline to the most populous Arab nation.

Since then it has run through more than $20 billion in reserves, borrowed billions from abroad and delayed payments to oil companies.

Hisham Ramez also said promised fuel aid from the Gulf Arab oil producers would reduce pressure on Egypt's foreign exchange reserves by up to $650 million a month.

Ramez said the planned aid would lift Egypt's battered foreign exchange reserves to more than $20 billion after falling by around $1 billion to $14.92 billion in June. There was no date yet for the promised $4 billion in aid from Kuwait, he added.

The first $2 billion from Saudi Arabia, which has promised a $5 billion aid package including energy products, would be a 5-year interest-free deposit, he said.

Last week, the United Arab Emirates said it would will provide a $1 billion grant to Egypt and a $2 billion loan as an interest-free central bank deposit.....snip~

UAE transferred $3 billion in aid to Egypt, Saudi to follow shortly

Well.....see there you have it. The rest of the Sunni Led countries will come to Egypt with their Aid. No Need for us to be throwing them any money whatsoever. Plus the EU is coming up with another Couple of Billion. Let them pay their way. For their alleged brethren.
Btw.....Kuwait is going to give 4 Billion.

Kuwait promises Egypt $4 billion in aid-state news agency.....

Kuwait will provide $4 billion in aid to Egypt, state news agency KUNA said on Wednesday, matching pledges by Saudi Arabia and the United Arab Emirates that showed Gulf Arab approval of the Egyptian army's ousting of Islamist President Mohamed Mursi.

KUNA said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products,

On Tuesday Saudi Arabia and the United Arab Emirates each pledged $4 billion in aid to Egypt, where the army overthrew the Muslim Brotherhood's Mursi a week ago after huge street demonstrations against the elected president.

Kuwait has in the past cooperated with Riyadh and Abu Dhabi, pledging financial aid for Gulf neighbors hit by social unrest such as Bahrain and Oman, but also for Morocco and Jordan.

Qatar lent Egypt more than $7 billion during Mursi's abruptly curtailed year in power, but other Gulf states remained aloof, wary of the Muslim Brotherhood's potential influence in their own conservative, dynastically ruled countries.....snip~

Kuwait promises Egypt $4 billion in aid-state news agency

Yeah yeah.....they all remained Aloof due to the MB. Right! :roll:
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