Egypt's Central Bank says it has paid back $2 billion to Qatar as
relations between the two Arab countries have chilled following the
military overthrow of Egypt's Islamist president.
Hesham Ramez, the head of Egypt's Central Bank, said Thursday the money
was returned after Qatar asked officials to postpone the conversion of
the funds to bonds as earlier agreed. Ramez spoke to The Seventh Day
news website. An official at Ramez's office confirmed the comments.
Over the past year, Qatar gave the government of Egypt's former
President Mohammed Morsi some $8 billion in aid. Morsi was toppled in a
popularly backed military coup July 3.
Since then, Qatar has been sidelined by Saudi Arabia, Kuwait and the
United Arab Emirates. Those nations have promised $12 billion in aid.
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