Egypt has obtained US$23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months following the ouster of President Mohamed Mursi, Investment Minister Ashraf Salman said on Monday.
Speaking at a business conference in Dubai, Salman said the aid included oil shipments, cash grants and deposits in Egypt's Central Bank.
The three affluent Gulf states, deeply opposed to Mursi's Muslim Brotherhood, increased their aid to Egypt after his ouster and continue to spend heavily to try to ensure the success of current President Abdel Fattah al-Sisi.
However, Gulf countries' grants for Egypt have declined by 78.8 percent to reach $1.04 billion during July-January 2014/2015, compared to about $4.9 billion during the same period in the previous fiscal year.
