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Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait
[Ynet] 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... , Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy. "Today ... $2 billion from each state came into the country's foreign exchange holdings," governor Hisham Ramez told Rooters in a telephone interview "The interest on the deposits is 2.5 percent and maturities range from three to five years," Ramez said. Posted by: trailing wife 2015-04-24 |
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