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Saudi Arabia deposits $5 billion in Egypt’s central bank: Report

Saudi Arabia deposited $5 billion in Egypt’s central bank, the Saudi Press Agency (SPA) reported on Wednesday.

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The move “[confirmed] the distinguished bilateral relations between the two countries and the two brotherly peoples in all fields,” according to the Saudi Press Agency.

Saudi Arabia is carrying out a “pioneering role in supporting the sisterly Arab Republic of Egypt,” according to SPA.

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