Saudi Arabia gives Egypt $5 billion in aid

July 9, 2013 19:08

CAIRO - Saudi Arabia approved a $5 billion aid package to Egypt on Tuesday comprising a $2 billion central bank deposit, $2 billion in energy products, and $1 billion in cash, the Saudi Finance Minister Ibrahim Alassaf told Reuters.

The aid comes after the Egyptian army overthrew President Mohamed Morsi of the Muslim Brotherhood.

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