Qatar to convert $2bn Egypt cen bank deposit into bonds- report

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar agreed on Monday to convert a $2 billion deposit with Egypt's central bank into bonds, Youm 7 newspaper quoted central bank governor Hisham Ramez as saying.

The conversion was thrown into doubt last week when a central bank official said that talks were underway. The official added that Egypt was prepared to repay within days $2 billion that Qatar deposited with Egypt's central bank in May if talks to convert the funds into bonds did not succeed.

The central bank governor was not immediately available to comment on the newspaper report.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure

Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure

Crude output from jointly-run offshore Khafji oilfield has been...

The billion dollar war

The billion dollar war

As US president Barack Obama seeks to slash the Pentagon’s budget...

End of Gaza war doesn't translate into peace

End of Gaza war doesn't translate into peace

A week after the guns fell silent in the Gaza war, Israel and...

Most Discussed