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.
Clashes erupt in Manbij after ISIL ignores 48-hour offer by US-backed rebels to leave the town
Hamas hired more than 40,000 people after it seized Gaza in 2007 following deadly clashes with militants of Fatah, the party of Palestinian president Mahmud Abbas.
Qatar-based Islamic organization describes last week’s failed coup bid in Turkey as ‘haram’ act
Airstrikes target opposition-held parts of Aleppo and Idlib provinces
Group’s decision to take part in Palestinian municipal polls is aimed at breaking longstanding Gaza siege, experts say
Barrier will stretch from Palestinian town of Tarqumiyah to Israeli settlement area near Mitar military checkpoint
'Turkish people have shaped a historic day' says Muslim Brotherhood figure Abdullah El-Haddad
For third time in month, Israeli warplanes target Assad regime forces in Syria’s southwestern Quneitra province
Denial comes after photos of Bangladeshi nationals wearing security uniforms in Kuwait go viral on social media
More than 200 Palestinians have been killed after allegedly carrying out attacks or in clashes with Israeli forces since October
A coalition attack on the town of Manbij has killed at least 160 civilians
Israe's Knesset has passed contentious law that allows for the suspension of lawmakers with many saying that law is targeted clearly to Palestinian members of parliament
Inmates stage hunger strike to protest Palestinian political prisoner Bilal Kayed’s placement in ‘administrative detention’
At least 100 people injured in the airstrikes carried out by int'l coalition planes in northern Syria
n 2015, Russian President lifted the ban on the missiles delivery to Iran