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.
Move comes hours after suicide attack in provisional capital Aden leaves 60 dead and scores injured
Hundreds of security personnel have been killed in Sinai since 2013 coup against Egypt’s first democratically elected president
Since July 1, Israel has pressed on with plans for over 1,000 housing units in occupied east Jerusalem and 735 units in the West Bank
Hamas plans to back ‘technocrat’ candidates and prominent tribal figures in local polls slated for October
Saudi-Yemeni border sees rising clashes between Saudi troops, Houthi militants
Disaster and Emergency Management Authority says tents to accommodate 1,000 people have so far been set up in the city
Death toll from the attack feared to rise, which also injured scores
Elmar Brok said: "The PYD in Syria shouldn't use the fight against ISIL as an excuse to take hold of Arab regions. They have no business there."
Rocket attack on tanks also wounds 3 other troops, military official says
US secretary of state says he agreed plan to resume peace talks in Yemen with a view to forming unity government
Life returning to normal days after Turkey launched Operation Euphrates Shield in support of FSA fighters