Egypt to Receive First Tranche of $1.5 Billion Saudi Loan ‘Soon’

  • Cash injection could help ease Egypt’s currency shortage
  • Loan accord is still awaiting legal opinion of State Council

Egypt will “soon” receive the first tranche of a $1.5 billion loan from Saudi Arabia, an Egyptian minister said, a cash injection that could help to ease a dollar shortage that has weighed on economic growth.

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