Monday, Nov. 30
Latest News
  1. Israeli forces close Nablus checkpoints after Jerusalem attack
  2. Israeli forces prepare to demolish homes of 2 alleged attackers
  3. Israeli forces ransack homes, detain 15 in West Bank raids
  4. Israeli forces close 3rd Hebron radio station this month
  5. Woman stabbed, injured in Jerusalem, attacker flees the scene
  6. Palestinian man shot dead after alleged attack in Jerusalem
  7. Main entrance to Beit Ummar sealed following attacks
  8. Israeli forces shoot, injure 82 Palestinians in Gaza, West Bank
  9. Palestinian woman reportedly attempts stabbing at Bekaot checkpoint
  10. Israeli border police officer stabbed in Nahariya, north of Haifa

Qatar says boosting aid to Egypt by extra $2.5 bln

Jan. 8, 2013 4:06 P.M. (Updated: Jan. 10, 2013 10:50 A.M.)
CAIRO (Reuters) - Qatar said on Tuesday it would lend Egypt's government an additional $2 billion and grant it an extra $500 million outright, extending a lifeline as the government battles to contain a currency crisis.

Political strife has triggered a rush to convert Egyptian pounds to dollars over the past several weeks, sending the currency to a record low against the dollar.

"There was an initial package of $2.5 billion, of which $0.5 billion was a grant and $2 billion a deposit," Sheikh Hamad bin Jassim al-Thani told reporters after meeting Egyptian President Muhammed Mursi.

"We discussed transferring one of the deposits into an additional grant so that the grants became $1 billion and the deposits double to around $4 billion," he said.

Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2015