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Egypt receives $2 billion deposit from Kuwait Egypt obtained $2 billion from Kuwait as part of the promised funds after the ousting of Islamist president Mohamed Morsi
Egypt's central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday. The deposit is part of $12 billion in aid that Saudi Arabia, Kuwait and the United Arab Emirates promised Egypt after the ousting of Islamist president Mohamed Morsi on July 3, following mass protests. "Yes. The Kuwait $2 billion (has been) received," Hisham Ramez told Reuters in a text message. Ramez said one week ago that Egypt had returned a $2 billion deposit from Qatar, which strongly supported Mursi, after negotiations to turn it into three-year bonds had failed. http://english.ahram.org.eg/News/82537.aspx