Tuesday 21 August 2012

Qatar investments in Egypt to top $10 billion | Al-Shorfa

Economic experts said Qatar's recent pledge to provide aid to Egypt will help restore the Egyptian economy after its downturn in 2011.

The aid pledge came after talks on August 11th in Cairo between the Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, and President Mohamed Morsi.

The two sides discussed ways to co-operate and methods for Qatar to bolster the Egyptian economy, including a $2 billion bond infusion into the Central Bank of Egypt.

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