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Qatar says boosting aid to Egypt by extra $2.5 bln
Published Tuesday 08/01/2013 (updated) 10/01/2013 10:50
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The Emir of Qatar Sheikh Hamad bin Khalifa al-Thani.
(Reuters/Mohammed Salem)
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.
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1 ) Yehuda Solomon / Israel
08/01/2013 18:47
WHAT THE HELL IS HE DOING ??? !!! IS HE INSANE ??? !!! The Sheikh doesn't need to give a damn dollar to Egypt !!! Somebody tell Egypt to get all that money from Mubarak and the other Egyptian officials' Mubarak-administration bank accounts !!! WHERE IN THE HELL DO YOU THINK ALL THOSE BILLIONS OF DOLLARS ARE ??? !!! IN THE PYRAMIDS ??? !!! Tell the Sheikh to give all that money to JORDAN/PALESTINE to help them with the future Palestinian absorption coming from WEST of the Jordan River !!!

2 ) Palestinian / Palestine
08/01/2013 23:49
Yehuda Solomon, such an attention-seeker. Stop making a fool out of yourself. It's pathetic, that's what it is.
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