Egypt received $7 bln of total $12 bln Gulf aid - c.bank governor

Reuters

ABU DHABI, Sept 29 (Reuters) - Egypt has received $7 billionout of the $12 billion pledged by Gulf countries, its centralbank governor said on Sunday, adding he expected further supportfrom the United Arab Emirates, Saudi Arabia and Kuwait.

Of the $7 billion currently received, $3 billion was fromthe UAE, with a further $2 billion each from Saudi Arabia andKuwait, Hisham Ramez told reporters on the sidelines of ameeting of Arab central bankers in Abu Dhabi.

Egypt returned $2 billion of financial support from Qatarearlier this month after talks to convert the funds intothree-year bonds broke down, a move interpreted as a sign ofgrowing tensions between the two countries in the wake of theremoval of Mohamed Mursi from the presidency in July.

"The decision was not politically driven. It was a technicaldecision by the central bank," Ramez added.

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