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Kuwait Egypt Aid Pushes Gulf Pledges to $12 Billion in 24 Hours

Kuwait extended a $4 billion aid package to Egypt, adding to the $8 billion from Saudi Arabia and the United Arab Emirates pledged yesterday.

Kuwait will deposit $2 billion with the Egyptian central bank, give a $1 billion grant and offer $1 billion worth of oil and oil products, state-run Kuna said in a text message today. Saudi Arabia and the U.A.E. pledged $5 billion and $3 billion respectively yesterday.