Egypt receives $1 bln grant from Kuwait -Egyptian govt source

Thursday 06-11-2014 02:33 PM
Egypt receives $1 bln grant from Kuwait -Egyptian govt source

Arab League Secretary-General Nabil Elaraby (L) talks with Kuwait Deputy Prime Minister and Foreign Minister Sabah Khalid Al-Hamad Al-Sabah, ahead of the Arab League meeting on Syrian refugees at the Arab League headquarters in Cairo January 13, 2013. REUTERS/Asmaa Waguih

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CAIRO, Nov 6 (Reuters) - Egypt received a $1 billion grant from Kuwait earlier this week, an Egyptian government source said on Thursday, the latest in billions of dollars of aid to arrive from Gulf Arab allies since the ouster of Islamist President Mohamed Mursi last year.

"Yes, we received a $1 billion grant from Kuwait last Monday," the source told Reuters.

Oil-exporting Gulf countries have stepped in to prop up the ailing Egyptian economy since the army overthrew Mursi, of the Muslim Brotherhood, in July 2013.

(Reporting by Ehab Farouk, Writing by Lin Nouihed; Editing by Dominic Evans)

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