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| Africa North | ||
| Kuwait Offers $4 Bn Aid Package To Egypt | ||
| 2013-07-11 | ||
"The council of ministers has approved an urgent aid package to our brothers in Egypt following instructions from the emir," State Minister for Cabinet Affairs Sheikh Mohammad Abdullah al-Sabbah said, according to the official KUNA news agency. The Kuwaiti package includes a grant of $1 billion, a deposit of $2 billion at Egypt's central bank, in addition to oil and oil products worth $1 billion, Sheikh Mohammad said. He said the $1 billion worth of oil and products will be also given as a grant. The United Arab Emirates and Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... pledged on Tuesday aid packages of $3 billion and $5 billion, respectively. Egypt's army last week forced Morsi out of office after days of protests against his one-year rule. The three oil-rich Gulf states welcomed the move and hailed the army.
John Sfakianakis, chief investment strategist at MASIC, a Riyadh-based investment firm, estimated the $8 billion in aid from Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... and the UAE could give Egypt a breathing space of four to six months. On top of that, Kuwait has since pledged a further $4 billion. | ||
| Posted by:trailing wife |
| #1 $4 billion = 3 month of food imports for Egypt. |
| Posted by: g(r)omgoru 2013-07-11 01:29 |