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.
Kuwait will sign a deal next week to buy Eurofighter jets, Kuwait's state news agency KUNA said on Thursday, citing the defence minister.
UN aid chief tells Saudi envoy that relief organizations were 'delivering life-saving assistance as per internationally recognized principles and will continue to do so'
Syrian Center for Policy Research data dwarfs last UN casualty figures
Peace talks had collapsed however a plan is now under way to resolve the war in Syria
The first ever formal meeting is scheduled to be held in March
Arbitration law experts say monetary compensation to Turkey could be passed on to Turkish customers in lower gas bills
'The letter P doesn't exist in Arabic, so the borrowed term Palestine is worth debating' remarks draws mockery of Israeli lawmaker Anat Berko
Delegates from India and Oman have met to strengthen military ties
Iran holds annual celebrations commemorating its 1979 revolution for the first time since nuclear deal was finalized and sanctions lifted
Russia has proposed for a March 1 ceasefire talk as the Assad regime pounds the besieged city
Head of the Labour-led Zionist Union coalition said he still wants a two-state solution, bu does not believe it's achievable in present circumstances
A monitor reports on devastating deadly impact of Assad regime's offensive in the northern province
Russia's ambassador to Damascus shares his estimates on the number of Russian citizens living in Syria
Explosives, suicide belts have been found on suspects at Syria border
According to the Defense Intelligence Chief, the Russian support has given Assad a much better position to negotiate with world powers
Syrians recount how their life has changed under the brutal shelling of strikes in Aleppo