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Qatar: Egyptian repayment

Egypt’s central bank has paid $500m back to Qatar and will return the rest of the money it owes soon, central bank governor Hisham Ramez said. Qatar pledged billions to Egypt when Mohammed Morsi was president, but relations deteriorated after Morsi’s overthrow. “Egypt has already transferred $500m to Qatar on 1 October and will refund $2.5bn at the beginning of November, because they [Qatar] did not ask for renewal,” Ramez told Reuters on 11 October.

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