Font Size

- Aa +

Mon 2 Mar 2015 02:40 PM

Font Size

- Aa +

Egypt gets $23bn from Gulf states since Mursi ousting

Investment Minister reveals extent of aid from Saudi Arabia, the UAE and Kuwait in past 18 months

Egypt gets $23bn from Gulf states since Mursi ousting

Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted, Investment Minister Ashraf Salman said on Monday.

Speaking at a business conference in Dubai, Salman said the aid included oil shipments, cash grants and deposits in Egypt's central bank.

The three wealthy Gulf governments, deeply opposed to Mursi's Muslim Brotherhood group, ramped up aid to Egypt after his ouster and are spending heavily to try to ensure the success of current President Abdel Fattah Al Sisi.