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Official disputes reports of Gulf aid to Egypt

An anonymous government official said Egypt has not received the aid packages and loans reportedly agreed upon with Arab countries, except for US$500 million from Saudi Arabia, which has already been incorporated into the general budget.

He asserted that a recent announcement regarding economic assistance from Gulf countries was "just talk".
 
The official, who spoke on condition of anonymity, said that reports that Qatar deposited $1 billion in the Central Bank of Egypt and the United Arab Emirates pumped $3-4 billion into the local economy are untrue.
 
The government has received LE23 million in an account created for donations to support the economy, according to the official source. 
 
Prime Minister Essam Sharaf submitted a report Thursday to Field Marshal Mohamed Hussein Tantawi, head of the Supreme Council of Armed Forces, regarding his visit to the UAE and Bahrain. His report included pledges from businessmen and investors to pump more money into Egypt and establish new joint projects.
 
Translated from the Arabic Edition

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