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.
Netanyahu's cabinet voted Sunday to back out of the hard-won deal, provoking a flood of criticism and warnings it could damage Israel's relationship with the United States' influential Jewish community.
After Arab states arrayed against Qatar issue 13-point list of demands, resolution of crisis looks more distant than ever
Israel says it hits Syrian targets after projectiles fired from Syria landed on its territories
Women and men currently must pray separately at Jerusalem's Western Wall under strict interpretation of Jewish law.
Presidency pardons more than 1,000 prisoners for Muslim Eid al-Fitr holiday
Media reports it advised Saudi citizens to avoid travelling to Turkey ‘baseless’, embassy says
Israeli military terms its attack in Syria 'a retaliatory' move to allegedly stop rocket attacks from Syria
Abdel Fattah al-Sisi ratifies transfer of two Red Sea islands to Saudi sovereignty
Opposition party leader says US efforts over Israeli-Palestinian peace processes will fail
More than 200,000 suspected cholera cases have been reported in Yemen
HRW accused UAE of running two secret detention facilities in Yemen
UN Secretary-General Antonio Guterres earlier this week had been adamant that Kuwait was best placed to lead efforts to defuse the crisis.
The 13-point list of demands includes closure of Al Jazeera television and downgrading Iran ties
"Iran... as always expresses its readiness to assist and cooperate with other countries to confront these criminals, who deal death and ignorantly spread hate," foreign ministry spokesman Bahram Ghassemi said.
Members of Al-Nahyan family given 15-month suspended sentence, fined