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Egypt Receives $2 Billion Deposit From Kuwait

Central Bank of Egypt Headquarters is seen in Cairo December 13 ,2009. PHOTO BY REUTERS/Tarek Mostafa.
26/09/2013

CAIRO (Reuters) - Egypt's central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday.

The deposit is part of $12 billion in aid that Saudi Arabia, Kuwait and the United Arab Emirates promised Egypt after the military deposed Islamist president Mohamed Mursi on July 3.

"Yes. The Kuwait $2 billion (has been) received," Hisham Ramez told Reuters in a text message.

Ramez said one week ago that Egypt had returned a $2 billion deposit from Qatar, which strongly supported Mursi, after negotiations to turn it into three-year bonds had failed.

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