World Bulletin/News Desk
"The Finance Ministry has intensified its contacts (with Gulf states) to stand on the volume of financial aid announced," caretaker Finance Minister Fayyad Abdel Moneim told the Anadolu Agency in a phone interview Saturday.
Abdel Moneim spoke of contacts with Saudi Arabia, the United Arab Emirates (UAE), and Kuwait for urgent aid.
Saudi Arabia has already announced $8 billion, including $1 billion in non-refundable grant, he said.
Analysts said the country needs some $19.5 billion until June 2014 to cover debts and a $5.4 billion trade deficit.
Defense Minister Abdel Fatah al-Sisi phoned Saudi Kind Abdullah bin Abdel Aziz and UAE President Sheikh Khalifa bin Zayed al-Nuhayyan yesterday on the latest developments in Egypt.
King Abdullah was the first Arab and foreign leader to congratulate interim president Adly Mansour after his swearing-in ceremony.
Egypt's relations with both Saudi Arabia and the UAE took a downturn under Morsi.
35 Palestinian worshippers injured in Monday clashes with Israeli police, Al-Aqsa Mosque director says
Cairo to open Rafah border crossing for five days, from Wednesday to Monday barring Friday
- Foreign Ministry says description of 1915 events as genocide amounts to 'religious discrimination'
Weapons sent to Syrian opposition by US and Saudi governments stolen by Jordanian intelligence operatives, sold on black market, according to American and Jordanian officials
Prime Minister Benjamin Netanyahu said Israel's naval blockade of Gaza will remain in force after the deal is signed.
Israeli PM Netanyahu says deal for normalization of relations between Ankara and Tel Aviv would have enormous impact on Israeli economy
A number of bombs, ten minutes apart have killed several people in a border village of Lebanon
No humanitarian aid can be reached to Syria's Manbij city under PYD siege as residents are forced to join the armed group are being threatened with hunger
-Some Gulf countries suspect that the Houthi insurgency is supported by Shiite Iran
The recent legislation is a form of collective punishment towards Jerusalem and its youth, rights groups say.
Saleh is an ally of Houthis, who overran capital Sanaa and other provinces in late 2014
Kurdish and Iranian officials in talks to transfer as much as 250,000 barrels per day of Kurdish oil to Iran.
Police arrest 4 Palestinians after clash over non-Muslim visits to Al-Aqsa during Ramadan
Russian and Assad regime air strikes have killed dozens of people in eastern Syria
The leader of Lebanon’s resistance movement Hezbollah says the group will continue fighting against terrorists in Syria's northern province of Aleppo and that the party will send more troops to Syria's Aleppo
Both Iran and Russia have expressed their elation over the shock exit of the UK with Moscow mayor declaring, "‘There won’t be anyone to so zealously defend sanctions against us"