Saudi Arabia gives Egypt $5 billion in aid

Reuters News
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Posted: Jul 09, 2013 11:58 AM
Saudi Arabia gives Egypt $5 billion in aid

CAIRO (Reuters) - Saudi Arabia approved a $5 billion aid package to Egypt on Tuesday comprising a $2 billion central bank deposit, $2 billion in energy products, and $1 billion in cash, the Saudi Finance Minister Ibrahim Alassaf told Reuters.

The aid comes after the Egyptian army overthrew President Mohamed Mursi of the Muslim Brotherhood.

(Reporting by Asma Alsharif; Writing by Tom Perry; Editing by Mike Collett-White)