(AFP Photo)
AFP – Kuwait has delivered crude oil and diesel worth $200m to Egypt as part of a $4bn aid package to bolster the latter’s faltering economy, a newspaper reported on Sunday.
Two tankers, one carrying around 100,000 tonnes of diesel and the other 1.1m barrels of crude, have docked in Egypt, Al-Rai reported, citing Kuwaiti oil sources.
The emirate announced on Wednesday that it would provide $4bn in urgent aid to Egypt, half a deposit in the Central Bank of Egypt, and the remainder made up of a grant of $1bn and $1bn in free oil and oil products.
Neighbouring Saudi Arabia and the United Arab Emirates have pledged $5bn and $3bn respectively, bringing the total promised by Gulf Arab states since the Egyptian army ousted former president Mohamed Morsi earlier this month to $12bn.
