Saudi King Salman orders five-year oil assistance for Egypt

[Frosty]

Dec 15 Saudi Arabia's King Salman on Tuesday ordered the kingdom to help meet Egypt's petroleum needs for the next five years, Saudi state news agency SPA reported.

He also ordered that Saudi investments in Egypt be more than 30 billion Saudi riyals ($8 billion), SPA said.

The announcement followed a meeting between Egyptian Prime Minister Sherif Ismail and Saudi Deputy Crown Prince Mohammed bin Salman, the king's son. A follow-up meeting between Saudi and Egyptian officials will take place on Jan. 5, SPA reported

Egypt received pledges of $12 billion from Gulf Arab allies at an investment conference in March where President Abdel Fattah al-Sisi urged foreign investors to help Egypt recover from the turmoil since the 2011 uprising that overthrew Hosni Mubarak.

About $6 billion has been deposited in Egypt's central bank to help replenish its dwindlingforeign currency reserves. The rest was to come as investments. Much of it is still being negotiated. ($1 = 3.7498 riyals) (Reporting by Ali Abdelaty and Sami Aboudi; Writing by Ahmed Aboulenein; Editing by Hugh Lawson)

UPDATE 1-Saudi King Salman orders investments in Egypt exceed $8 bln| Reuters

 

[Frosty]

Saudi Arabia announces oil assistance, investments for Egypt - The Washington Post

 

[Kiarash]

Sisi the dictator just got paid for his services in Yemen

 

[T-Rex]

What SA is doing in Egypt, Iran is doing exactly the same in Syria and then both SA and Iran claim that they are champions of Islam!

 

[Daneshmand]

Sisi the dictator just got paid for his services in Yemen

No, this is in addition to that previous payment of billions. This is additional payment for being part of a paper alliance with Saudi Arabia. They will milk Saudi Arabian udder dry.

 

[T-Rex]

How can SA support one bastard in Egypt and oppose another in Syria? Hypocrisy is written all over the forehead of these despots!

 

[HAIDER]

Dec 15 Saudi Arabia's King Salman on Tuesday ordered the kingdom to help meet Egypt's petroleum needs for the next five years, Saudi state news agency SPA reported.

He also ordered that Saudi investments in Egypt be more than 30 billion Saudi riyals ($8 billion), SPA said.

The announcement followed a meeting between Egyptian Prime Minister Sherif Ismail and Saudi Deputy Crown Prince Mohammed bin Salman, the king's son. A follow-up meeting between Saudi and Egyptian officials will take place on Jan. 5, SPA reported

Egypt received pledges of $12 billion from Gulf Arab allies at an investment conference in March where President Abdel Fattah al-Sisi urged foreign investors to help Egypt recover from the turmoil since the 2011 uprising that overthrew Hosni Mubarak.

About $6 billion has been deposited in Egypt's central bank to help replenish its dwindlingforeign currency reserves. The rest was to come as investments. Much of it is still being negotiated. ($1 = 3.7498 riyals) (Reporting by Ali Abdelaty and Sami Aboudi; Writing by Ahmed Aboulenein; Editing by Hugh Lawson)

UPDATE 1-Saudi King Salman orders investments in Egypt exceed $8 bln| Reuters

Athay vi kuch dioo naa.....kur kur kithay taa anday kithay.....

 

[Madali]

Sisi the dictator just got paid for his services in Yemen

Sisi was smart. They barely did anything in Yemen and got paid well for it. This is probably for their being part of Prince Mohammad's Avengers team.

In 3 months, Prince Mohammad will start a knitting club and Egypt will join and get another billion or so as a gift.

Hey, good for Egypt. Respect, bros.

 

[Hyperion]

Bhawawawwawawawawwa.......

This is probably for their being part of Prince Mohammad's Avengers team.