Egypt received $500 mln from Saudi Arabia, first instalment of $2.5 bln grant: minister
International Cooperation Minister Sahar Nasr - YOUM7
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CAIRO: Egypt has received $500 million from Saudi Arabia, the first instalment of a $2.5 billion grant that was approved last week, International Cooperation Minister Sahar Nasr said on Wednesday.

“Correct,” Nasr told Reuters when asked if the $500 million instalment had been paid.

She did not reveal when the payment took place. The grant was first agreed in April and is intended to support the Egyptian.

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