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.
The third way is constructive cooperation with the world in a framework of national interests
Regime troops, backed up by airstrikes, wrest strategic Sahl al-Ghab area from Jeysh al-Fatah, opposition sources report
Mahmoud Abbas meets Meretz Party delegation in aftermath of killing of 18-month-old
Egypts Foreign Minister has said that no journalists in Egypt were imprisoned in Egypt as a result of their reporting.
A Palestinian in central Israel was attacked by three Jewish extremists early on Sunday morning.
Five Houthis killed in the fighting, says pro-Hadi source, as militia reportedly fires shells across Saudi border
What has become an embarrassment to the Sisi government has suffered a further blow with an Egyptian court postponing a verdict for three Al-Jazeera journalists, a second time.
Egypt has extended its deployment of armed forces to defend Arab security in the Gulf for another six months
Syria conducts 6,673 air raids, highest since start of uprising in 2011, killing 791 civilians, monitoring group says.
Although ISIL is meant to be a target of the US led coalition to halt it, senior political sources in the region have said that the governments are turning a blind eye to the oil sales that helps funds the terrorist group.
People are upset about quality of water and electricity supply across the country
Iran's top nuclear negotiator says parliament does not have authority over the nuclear agreement
Cairo would announce its verdict on August 10 to allow for 'further deliberations'
Human cost of clashes in Iraq in July reaches at least 1,332 people, says UNAMI
Russian, US, Saudi officials will discuss peace moves in Syria, Yemen and Libya
Kurdish regional government denounces PKK and says PKK should leave Iraqi Kurdistan