Egyptian army’s financial coup: 12 billion petrodollars from Saudi, UAE, Kuwaiti fans

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Egyptian army’s financial coup: 12 billion petrodollars from Saudi, UAE, Kuwaiti fans

DEBKAfile Exclusive Report July 10, 2013, 9:11 AM (IDT)

Egyptian army’s financial coup: 12 billion petrodollars from Saudi, UAE, Kuwaiti fans US-DollarsGulf_Gift9.7.13

Arab petrodollars pour in for Cairo

DEBKAfile Exclusive Report Jul 10, 2013, 9:11 AM (IDT)

In a dazzling display of monetary muscle, Saudi Arabia and the United Arab Emirates poured $8 billion in a single day into the coffers of Egypt’s army rulers in cash, grants, loans without interest and gifts of gas, a dizzying life-saving infusion into its tottering economy. Kuwait has pledged another $4 billion, rounding off the total to $12 billion – the second chapter in a development first revealed byDEBKAfile last week of Saudi and UAE backing for the Egyptian military’s July 3 takeover of power from the Muslim Brotherhood.
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