Qatar Deposits $2 Billion To Support Egyptian Economy

Qatar said on Saturday it would deposit $2 billion at the Egyptian Central Bank in an effort to help support an economy battered by a year and a half of political turmoil, an Egyptian presidency statement said.

The oil-rich Gulf state’s Emir, Hamad bin Khalifa al-Thani, visited Cairo and held talks with newly elected Islamist President Mohamed Morsi.

“The state of Qatar has decided to deposit $2 billion at the Egyptian Central Bank,” said the presidency statement.

Reuters