Egypt Returns $2 billion To Qatar In Sign Of Growing Tensions – 20 September 2013

Egypt.com

Egypt has returned $2 billion that Qatar had deposited with its central bank, after talks to convert the funds into three-year bonds broke down, central bank Governor Hisham Ramez said on Thursday.

Egypt authorities have also refused a Qatari request to increase the number of flights between the two states, according to Egyptian airport sources, in a further sign of rising tension between the two Arab Muslim states.

Cairos relations with Qatar deteriorated after the Egyptian army deposed Islamist President Mohamed Mursi on July 3. Qatar had been a firm backer of Mursis Muslim Brotherhood and lent or gave Egypt $7.5 billion during the year he was in power.

www.egypt.com / link to original article

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