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FINANCIAL NEWS
Saudi Arabia grants Egypt USD2b aid
22 Jul 2013
(MENAFN) As part of a USD12 billion Gulf aid to Egypt, Saudi Arabia has sent USD2 billion, to help the cash-strapped economy, after the removal of Islamist President Mohamed Mursi, Reuters reported.
Central bank governor Hisham Ramez said the USD2 billion of Saudi funds arrived in the form of a five-year interest-free deposit at the bank.
The bank recently got USD3 billion aid from the UAE, USD2 billion of which was a cash deposit and USD1 billion an outright grant.
Saudi Arabia has promised another USD2 billion in energy products and USD1 billion in cash, while Kuwait has promised USD4 billion.
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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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