No More Blank Checks: Saudi Arabia Clamps Down on Regional Aid

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For much of the past decade, Saudi Arabia sent billions of dollars in aid to Egypt, bolstering a poorer regional ally seen as too strategically important to neglect.

But recently, there has been a noticeable shift. Even as Egypt slides deeper and deeper into economic crisis, Saudi officials have sent a stern message: No more blank checks.

Flush with an influx of oil revenue, the Gulf kingdom’s…


Written by bourbiza

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