In a dazzling display of monetary muscle, Saudi Arabia and the - TopicsExpress

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. Forking out sums on this scale in a single day – or even month - is beyond the capacity of almost every world power – even the US and Russia - in this age of economic distress. The delivery by two Arab governments to a third of financial assistance on this scale and on a single day is unheard of in the Middle East, or, indeed, anywhere else. debka/article/23107/Egyptian-army%E2%80%99s-financial-coup-12-billion-petrodollars-from-Saudi-UAE-Kuwaiti-fans

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