NEWS SUMMARY: Egypt gets more Saudi Arabia aid

AP News

5/10/2012 2:38:03 PM - AP News

THE NEWS: Egypt and Saudi Arabia signed a series of deals aimed at helping stabilize Egypt's struggling economy days after the worst diplomatic tiff between the two was healed.

THE NUMBERS: The kingdom has agreed to provide $500 million in aid to Egypt and will deposit an additional $1 billion at the country's central bank. The deposit is for eight years and is part of Riyadh's previous commitment to Egypt.

COOKING WITH GAS: Saudi will meet Cairo's request to export $250 million worth of butane gas to Egypt, which has faced ongoing shortages of the cooking fuel.