"Egypt will sign a deal with Saudi Arabia to obtain a loan of US$500 million to finance its budget deficit, Egyptian Planning Ministry Amr Darrag said on Monday, according to Reuters.
The ministry cited Amr Darrag as saying that Egypt is negotiating with Saudi Arabia to get the loan.
The state budget deficit is expected to reach LE200 million in the fiscal year 2012-2013, which will end in the next few days."
'via Blog this'
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