Egypt repays Qatar $1 billion in outstanding debt
Lesson Brief
CNBC Arabia
On July 1, CNBC Arabia reported that Egypt had repaid Qatar $1 billion in outstanding debt. The announcement was made by the governor of Egypt's Central Bank. According to the article, Egypt had borrowed the money from Qatar against Egyptian bonds during the rule of Mohammed Morsi. Qatar was a supporter of the Muslim Brotherhood-backed government, and relations between the countries worsened after Morsi's ouster.
Related set on Egypt's economy