In support of Egypt, Saudi Arabia provides billions as a deposit with CBE ...Egypt

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In support of Egypt, Saudi Arabia provides billions as a deposit with CBE
source : EGYPT INDEPENDENT ( Egypt ) () 18
  The Kingdom of Saudi Arabia in implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has deposited US$ 5 billion with the Central Bank of Egypt (CBE). This came in confirmation of the distinguished bilateral relations between the two brotherly countries and peoples in all fields and at all levels and is within the unremitting efforts and its permanent leading role, in supporting the sisterly Egypt. Egypt announced last week that it is seeking more support from the International Monetary Fund (IMF) to stimulate economy and control the soaring prices of commodities. In light of the current economic developments, Egypt has submitted a re

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