Skip to content

Gulf States Play Hardball Over Sending Billions to Rescue Egypt

  • Saudi Arabia, Qatar, UAE pledged over $10 billion investments
  • Egyptian economy in serious need of foreign exchange
Saudi King Salman and Saudi Crown Prince Mohammed bin Salman receive Abdel Fattah al-Sisi in Saudi Arabia.
Saudi King Salman and Saudi Crown Prince Mohammed bin Salman receive Abdel Fattah al-Sisi in Saudi Arabia.

Source: AFP/Getty Images

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Gulf countries are waiting for more certainty on Egypt’s currency and proof it’s making deep economic reforms before unleashing billions of dollars of crucial investment.