Saudi Arabia Announces Oil Assistance, Investments for Egypt

December 15, 2015 10:03 PM

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Saudi Arabia has pledged new support for Egypt's economy in the form of oil assistance and $8 billion in additional investments in the country.

The announcement comes as Saudi Arabia's Deputy Crown Prince and Defense Minister Mohammed bin Salman was in Cairo on Tuesday. He was quoted in the Saudi Press Agency as saying that King Salman ordered 30 billion riyals ($8 billion) in investments, contribution to Egypt's needs for oil for a period ...

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