An Egyptian armed policeman holds in front of a burnt police station in Kerdassah outside of Cairo on September 19, 2013
An Egyptian armed policeman holds in front of a burnt police station in the village of Kerdassah on the outskirts of Cairo, on September 19, 2013. © Khaled Desouki - AFP
An Egyptian armed policeman holds in front of a burnt police station in Kerdassah outside of Cairo on September 19, 2013
AFP
Last updated: September 20, 2013

Egypt returns $2 billion aid to Qatar

Qatar announced Thursday that Cairo has returned a $2-billion bank deposit which Doha wanted to transform into bonds, in a sign of strained ties since the ouster of Egypt's Islamist president Mohamed Morsi.

A finance ministry spokesman said Doha "respects the decision of the Egyptian government to return a two-billion-dollar deposit to Qatar," following the failure of two weeks of negotiations on converting the funds into bonds.

The deposit was part of an $8-billion Qatari aid package to Egypt after the 2011 revolution which toppled its president Hosni Mubarak.

Doha-Cairo ties have been unsettled since the Egyptian army's July 3 ouster of Morsi, who had the strong support of Qatar, following a wave of popular street protests.

blog comments powered by Disqus
Stay Connected
twitter icon Twitter 13,558 linkedin icon LinkedIn 463
facebook icon Facebook 87,173 google+ icon Google+ 272