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)