Saudi Arabia deposits $5 billion in Egypt’s central bank

Egypt agrees investment from Qatar and UAE, and seeks funding from IMF as wheat prices rise

Muhammad Mansour

Saudi Arabia deposited $5 billion in Egypt’s central bank, its state-owned press agency reported on March 30, as Egyptian authorities grapple with rising food prices.  

Saudi authorities have now deposited a total of $10.3 billion at the Central Bank of Egypt. In October last year, Saudi Arabian authorities deposited $3 billion, and extended the terms of another $2.3 billion loan.  

Egypt is also stepping up efforts to seek aid from other Middle Eastern countries, as it faces strain from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account