By Reuters
CAIRO: Saudi Arabia will deposit $1 billion at the Egyptian central bank and buy T-bonds valued at $750 million by the end of the month as part of a $2.7 billion support package agreed with Riyadh this week, an Egyptian government official said on Thursday.
In addition, Saudi Arabia will provide $250 million of support to buy fuel, after shortages across the country led to public anger, $500 million in project finance with am additional $200 million going to small- and medium-sized enterprises.
The official said the package had been agreed two days ago at a meeting of Arab officials in Morocco.
