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Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait: Central bank governor

Egypt has received $6 billion in deposits from each of the three Gulf states

Published: Updated:

Egypt has received $6 billion in deposits from Saudi Arabia, the United Arab Emirates and Kuwait, Egyptian central bank governor Hisham Ramez said on Wednesday.

Each of the Gulf states deposited $2 billion, with interest of 2.5 percent on the deposits and maturities ranging from three to five years, Ramez told Reuters by telephone.