Libya denies $2 billion Egypt deposit
National Bank of Egypt in Cairo
Click here to add Anadolu as an alert
Disable alert for Anadolu,
Click here to add Bassem Abo Alabass as an alert
Disable alert for Bassem Abo Alabass,
Click here to add Cairo as an alert
Disable alert for Cairo,
Click here to add Egypt’s Central Bank as an alert
Disable alert for Egypt’s Central Bank,
Click here to add Libyan government as an alert
Disable alert for Libyan government,
Click here to add Mohamed Douma as an alert
Disable alert for Mohamed Douma,
Click here to add Mohamed Fayez Jebril as an alert
Disable alert for Mohamed Fayez Jebril,
Click here to add Muammar Gaddafi as an alert
Disable alert for Muammar Gaddafi,
Click here to add National Congress as an alert
Disable alert for National Congress
Libya’s General National Congress (GNC) denied reports that Egypt’s Central Bank (CBE) would receive a deposit of $2 billion from the Libyan government.
On Sunday’s evening, Turkish news agency Anadolu quoted Mohamed Fayez Jebril, the soon-to-be-appointed Libyan ambassador to Egypt, as saying that his country would deposit $2 billion in the CBE to boost the Egyptian economy.
“The GNC hasn’t yet ratified Jebril as the new ambassador to Egypt, so his statements are neither official nor associated with the Libyan government,” Mohamed Douma, the head of foreign affairs committee at GNC, the highest legislative authority in Libya, told Ahram Online. “Ashour Bourashed still stands as the current Libyan ambassador to Egypt.”
The reports of the deposit followed the arrest of three former Libyan officials related to Muammar Gaddafi’s regime in Cairo last week.
Among those who were arrested, Ahmed Gadhaf Al-Dam –a cousin of and former close aide to toppled ruler Gaddafi –was arrested at his residence in Zamalek, reportedly after a small clash between his guards and the police.
Oil-rich Qatar deposited roughly $4 billion in the CBE over the past two years.
Qatar’s deposit aimed at bolstering Egyptian net foreign reserves, which currently stand at critical levels, worth some $13.5 billion.
By Bassem Abo Alabass
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?