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FINANCIAL NEWS
Qatar loans USD3b to Egypt at 3.5% interest rate
12 May 2013
(MENAFN) Qatar provided Egypt with a USD3 billion three-year loan that was deposited in the Egyptian central bank, reported Reuters, citing a central bank official.
The loan’s interest will be 3.5 percent.
Since last July, the Gulf state gave Egypt a total of USD5 billion.
Following the uprising, the North African country has asked Arab and Muslim states for financial aid to help support its economy.
The government, which is currently negotiating more loans, received USD2 billion from Libya in April.
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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