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FINANCIAL NEWS
Egypt receives latest installment of USD12 b Saudi aid
22 Jul 2013
(MENAFN) Egypt has received USD2 billion installment of the Saudi rescue fund aiming at helping the country to reduce its widened budget deficit, reported Khaleej Times.
This is the latest installment of the USD12 billion fund which Saudi Arabia has granted to Egypt after the ouster of the Islamist president Mohammed Mursi on July 3.
It’s worth mentioning that the country’s foreign reserves hit its three-month low to reach USD14.9 billion in June.
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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