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Bloomberg: Qatar’s sovereign fund deposits $1 billion in the Central Bank of Egypt
November 09, 2022, 01: 16 m
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Doha – Al Sharq website
The Bloomberg Agency revealed that the Qatar Sovereign Fund (Qatar Investment Authority) deposited one billion dollars with the Central Bank of Egypt at a time when Qatar is approaching a deal to acquire government possessions in some major companies in Egypt.
The American Agency quoted what she described as well -informed sources – she did not mention her by name upon its request – that the Qatar Sovereign Fund is holding discussions about the acquisition of state -owned shares in Egyptian companies.
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The Arab Gulf states pledged to provide more than 20 billion dollars in the form of deposits and investments to Egypt.
According to Bloomberg, earlier this year, Qatar deposited $ 3 billion in the Central Bank of Egypt to help the largest Arab country to face the high costs of food.
