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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 Morsi.
The aid will also include $2 billion in energy products and $1 billion in cash.
Source: Reuters
