Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait
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Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy.
"Today ... $2 billion from each state came into the country's foreign exchange holdings," governor Hisham Ramez told Reuters in a telephone interview
"The interest on the deposits is 2.5 percent and maturities range from three to five years," Ramez said.
