A $4 billion aid package Saudi Arabia has pledged to Egypt will include a $1 billion deposit at the Central Bank of Egypt and $500 billion in bond purchases, al-Ahram newspaper quoted a Saudi official on Sunday as saying.
The package, which Egypt announced on Sunday, is designed to to support the country's cash-strapped economy in the wake of the upheaval that ousted President Hosni Mubarak on Feb. 11.
The turmoil has caused tourism and investor revenue to dry up at a time when high popular expectations have increased the pressure on the budget.
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