Kuwait to offer more financial aid to Egypt
An official Kuwaiti source said that Kuwait would increase their total pledged financial aid [to Egypt] to $6 billion.
Kuwait is poised to offer a further $2 billion in assistance toEgypt to help the latter's faltering economy in the wake of the military's July 3 ouster of president Mohamed Morsi, a high-profile official Kuwaiti source revealed Tuesday.
"We will increase our total pledged financial aid [to Egypt] to $6 billion. We have already offered $3 billion and steps are currently underway to send the remaining amount," the official, who asked to remain anonymous, told Anadolu Agency by phone.
Following Morsi's ouster this summer, the official said,Kuwait had initially pledged $4 billion in assistance to Egypt. He noted that $2 billion had since been deposited at Egypt's cen...
