Saudi Arabia to Provide Stimulus Aids to Egypt with US$4 bln

The visit which will be paid by Dr. Hazem Al-Bablawi, the Egyptian Prime Minister to Saudi Arabia on Tuesday will review obtaining EGP2 billion as deposit against petroleum aids that will provide by Egypt to KSA, according to Al-Ahram.

 Al-Bablawi’s visit will request getting stimulus aids from Saudi Arabia including CBE’s deposits with around US$2 billion and facilities such as petroleum aids.

 Saudi Arabia and UAE provided about US$12 billion to Egypt through loans, grants and fuels  after the ouster of the X-President Mohamed Morsi.