{"id":6285,"date":"2013-07-10T16:25:12","date_gmt":"2013-07-10T16:25:12","guid":{"rendered":"http:\/\/disnaija.com\/nigeria-news\/kuwait-offers-4bn-aid-package-to-egypt\/"},"modified":"2013-07-10T16:25:12","modified_gmt":"2013-07-10T16:25:12","slug":"kuwait-offers-4bn-aid-package-to-egypt","status":"publish","type":"post","link":"https:\/\/disnaija.com\/kuwait-offers-4bn-aid-package-to-egypt\/","title":{"rendered":"Kuwait Offers $4bn Aid Package To Egypt"},"content":{"rendered":"
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Kuwait offered Egypt on Wednesday an aid package of $ 4 billion, a minister said, bringing to $ 12 billion the total pledges by Gulf monarchies to Cairo since the army ousted Islamist president Mohamed Morsi last week.<\/p>\n

“The council of ministers has approved an urgent aid package to our brothers in Egypt following instructions from the emir,” State Minister for Cabinet Affairs Sheikh Mohammad Abdullah al-Sabbah said, according to the official KUNA news agency.<\/p>\n

The Kuwaiti package includes a grant of $ 1 billion, a deposit of $ 2 billion at Egypt’s central bank, in addition to oil and oil products worth $ 1 billion, Sheikh Mohammad said.<\/p>\n

He said the $ 1 billion worth of oil and products will be also given as a grant.<\/p>\n

The United Arab Emirates and Saudi Arabia pledged on Tuesday aid packages of $ 3 billion and $ 5 billion, respectively.<\/p>\n

Egypt’s army last week forced Morsi out of office after days of protests against his one-year rule. The three oil-rich Gulf states welcomed the move and hailed the army.<\/p>\n

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