Qatar pumps $1bn into Egypt Central Bank
10 Nov 2022; MEMO: Qatar has reportedly provided $1 billion to Egypt's Central Bank, as Cairo continues to suffer from an economic crisis, despite having received tens of billions of dollars from Arab States.
According to Bloomberg, sources close to the matter said that the Qatar Investment Authority (QIA) deposited the $1 billion into the Egyptian Central Bank amid discussions between the two nations over the QIA acquiring stakes in major Egyptian companies.
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