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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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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