Saudi Arabia extends terms of $5-biln aid package to Egypt ...Kuwait

Saudi Arabia agreed on Tuesday to extend the terms of a $5 billion aid package to Egypt in March, Saudi state media said, in a move aimed at bolstering the North African country’s recent deal with the International Monetary Fund. The state-run Saudi Press Agency said the extension would allow Egypt to open "new financing channels with regional and international organisations'' and help the completion of a preliminary $3 billion agreement the Middle East's most populous country reached with the IMF in October. Saudi Arabia provided no further details on the terms of the extension, including how long. Egyptian state media have not commented on the announcement. The E

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