Friday 30 August 2013

Saudi Arabia studies report on Egypt’s financial needs | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.

Saudi Arabia studies report on Egypt’s financial needs | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:

"
A salesman waits for customers in his souvenir shop in the Khan El-Khalili market in Cairo. (AP)
Saudi Arabia is studying a report submitted by Egypt detailing its financial needs to support its ailing economy over the coming year, the Kingdom’s ambassador to Cairo said.
Saudi Arabia pledged $5 billion in aid soon after the army, prompted by mass protests, ousted Muhammad Mursi on July 3.
The government has run a budget deficit of $3.2 billion a month since January.
Interim Prime Minister Hazem Beblawi has presented a “Marshall Plan” to Gulf states, seeking support that he hopes will relieve some of the pressure on the economy."

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