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Egypt sees billions in aid from Saudi, UAE soon

Egypt sees billions in aid from Saudi, UAE soon

Egypt expects $500 million from the Arab Monetary Fund by end-2011, according to its Finance Minister. Meanwhile, IMF aid remains an option as economy grows 2-3 percent this fiscal year.

September 8, 2011 2:45 by



…the economy but also to keep the right signal for the market players,” he said.

The pound has been floating between 5.92 and 5.98 to the dollar since April compared with 5.83 before the revolt, which scared off investors and sent tourists packing, started in late January. (Reporting by Martin Dokoupil and Martina Fuchs; Editing by Reed Stevenson/Ruth Pitchford)



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