Turkey transfers $500 mln in badly needed funds to Egypt -agency
CAIRO, Jan 10 (Reuters) - Turkey transferred $500 million in badly needed budget support to Egypt on Thursday in the final tranche of a $1 billion loan promised last year, Egypt's state news agency quoted the Egyptian ambassador to Ankara as saying.
Turkey announced the loan in late September during a visit to Ankara by President Mohamed Mursi.
Egypt has spent hundreds of millions of dollars of its foreign reserves over the last few weeks to tackle a currency crisis sparked by political turmoil. Qatar said on Tuesday it had lent Egypt $2 billion and given it another $500 milllion, money which the central bank said landed in Egypt in December.
(Reporting by Omar Fahny and Tamim Elyan Writing by Patrick Werr Editing by Maria Golovnina)
CAIRO, Jan 10- Turkey transferred $500 million in badly needed budget support to Egypt on Thursday in the final tranche of a $1 billion loan promised last year, Egypt's state news agency quoted the Egyptian ambassador to Ankara as saying. Turkey announced the loan in late September during a visit to Ankara by President Mohamed Mursi.