Qatar has paid Egypt $500 million, the Egyptian finance minister announced Thursday, in the first installment of $2 billion of financial support the Gulf state had promised to Cairo.
Some “$500 million have been paid into the Finance Ministry’s account via [Egypt’s] central bank,” Egypt’s official MENA news agency quoted Finance Minister Mumtaz al-Said as saying.
The minister said Qatar would pay the remaining funds in September, reminding that the Gulf state had also given Egypt an additional $500 million in October last year.
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