Egypt gets $2 billion from Libya

Egypt gets $2 billion from Libya

The Libyan government is completing an agreement to deposit about $2 billion into Egypt’s central bank.
The $2 billion deposit was first reported by the Anatolia news agency of Turkey on Sunday, citing information from the Libyan ambassador to Cairo, Mohamed Fayez Jibril.
This comes days after Egyptian police rounded up Muammar Gaddafi’s cousin Ahmed Gaddaf AL- Dam and other loyalists of the former regime.
Former Libyan ambassador Ali Maria and and Mohammed Ibrahim, the brother of senior Col Gaddafi-era official Ahmed Ibrahim, were arrested in Cairo on March 19
The two men were taken to Cairo’s airport where they were handed over to a Libyan official who arrived in a private plane accompanied by three guards, according to news reports. Qaddaf Al-Dam remains in Egyptian custody after the prosecutor general ordered him detained for 30 days pending investigations into “several charges”.
Its been widely reported also that the Libyan government has also agreed to provide Egypt one million barrels of oil per month to be refined in Egypt, granting it a portion of the production to provide much needed diesel fuel.

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