Saudi Arabia to provide $4bn in additional aid to Egypt: report January 30, 2014 - 12:22 AMT PanARMENIAN.Net - Saudi Arabia is expected to give Egypt up to $4 billion in additional aid in the form of central bank deposits and petroleum products, Reuters reported citing state-run Egyptian newspaper Al Ahram. Citing an unnamed ministerial source, the newspaper said the package would be worked out during a visit next week to the kingdom by Egypt's interim prime minister Hazem el-Beblawi. Gulf Arab states have showered Egypt with billions of dollars since the army toppled President Mohammed Morsi of the Muslim Brotherhood in July. The funds have kept the economy afloat during political turmoil which has hit investment and tourism hard. Egypt will announce within days details of a second stimulus package since Morsi was ousted, its finance minister said on Tuesday, aiming to boost tepid growth rates and reassure investors. The economy grew by just 1.04 percent in the three months through last September from a year earlier, according to central bank data. Related links:   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
