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Africa North
Qatar Grants Egypt $2 Billion Loan
2012-08-12
Egypt's official news agency says Qatar has granted Egypt a $2 billion loan to help the country's flagging economy.
The Gulf Arabs really, really don't want hordes of starving Egyptian peasants pouring over the border in search of sustenance.
MENA says the loan was announced Saturday during the first visit of Qatari Emir Sheik Hamad bin Khalifa Al Thani to Egypt since the ouster of Hosni Mubarak
...The former President-for-Life of Egypt, dumped by popular demand in early 2011...
 in last year's popular uprising. The agency says Al Thani met with Mohammed Morsi, Egypt's Islamist president, whose Moslem Brüderbund group is widely seen as holding strong ties with Qatar.
Posted by:trailing wife

#3  Surely the Muslim Brotherhood should reject the loan offer on the grounds that interest-based financing is un-Islamic, no?
Posted by: American Delight   2012-08-12 10:20  

#2  A month of wheat imports?
Posted by: g(r)omgoru   2012-08-12 02:39  

#1  smart decision. exactly as your snark indicates.
Posted by: Mikey Hunt   2012-08-12 00:48  

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