The Canadian Press - ONLINE EDITION
Posted: 04/10/2013 5:30 AM | Comments: 0
Last Modified: 04/10/2013 7:23 AM
DOHA, Qatar - Qatar's prime minister says the Gulf nation will give Egypt another $3 billion to bolster its ailing economy and help rebuild key industries.
The pledge on Wednesday adds to Qatar's previous promises to invest up to $18 billion in Egypt over the next five years. It also highlights a critical economic lifeline for Egypt's governing Muslim Brotherhood, which has close ties with Qatar's rulers.
Qatar's prime minister, Hamad bin Jassim Al Thani, also said that the Gulf state will increase natural gas shipments to Egypt in the summer to help its overburdened energy networks.
The announcements followed talks with visiting Egyptian Prime Minister Hesham Qandil.
Egypt's economy has tumbled since the fall of Hosni Mubarak two years ago. Unrest has scared away foreign investors and crippled the vital tourism industry.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Arizona execution takes nearly 2 hours
Community members in shock over death of child
Coming attraction: pop-up downtown drive-in theatre
Winnipeg's crime rate continues to drop
Teen takes responsibility for killing fellow high school football player with surprise punch
Alaska tourist train derails, injuring 9 slightly
South Korea unveils stimulus after ferry sinking
Scottish identity celebrated as Glasgow Games open
Shoppers Drug Mart becomes drive-thru
Teen hockey players facing assault charges
Florida man fined $13,000 for trying to smuggle gun into Canada
Calgary man reunited with beloved Corvette
NFL suspends Jaguars WR Sanders 4 games
Blue Bombers prepare lineup for Friday match against BC Lions
History is not on their side
A future for the Lac-Megantic locomotive?
Crash kills US teen pilot seeking world record
US pushes for truce as Gaza battle rages
Repurpose pay phones for truly public Wi-Fi
Setback for Nygård in Bahamas
Seattle's Sidney Rice announces his retirement
Crime rate down, so is severity; StatsCan
Holmes lawyers question firearms analysis
More out-of-province fire crews sent to B.C.
Tyrannosaur a team player? B.C. fossils say yes
Meat supplier in China scandal has global reach
Harper gov't proposes easing gun law
Broncos owner giving up control due to Alzheimer's
Report recommends ways to improve STARS
When in Rome...
Man charged after human trafficking investigation
6 indicted in U.S. in StubHub accounts case
Jets sign Chiarot to new two-way contract
Trump: Hotel in capital to be among world's best
European carriers suspend more Tel Aviv flights
PepsiCo raises outlook, looks to new Lay's flavours
Lockdown lifted at US Air Force base
Thousands of accused people being needlessly detained: civil rights advocates
Death sentence given in AP photographer's killing
Winnipeg's decline in crime rate well ahead of national average