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updated: 7/10/2013 9:20 AM

Kuwait offers Egypt $4B aid, fuel package

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Associated Press

KUWAIT CITY -- Kuwait says it will offer Egypt an aid package worth $4 billion, becoming the latest Gulf state to send a financial lifeline to the new government in Cairo following a coup there.

Kuwait's announcement Wednesday follows a total of $8 billion in grants, loans and badly needed fuel offered from Saudi Arabia and the United Arab Emirates. Both are strong critics of ousted President Mohammed Morsi's Muslim Brotherhood.

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But Kuwait has closer ties with the Brotherhood, whose allies have a powerful political faction in the Gulf nation.

The official Kuwait News Agency quotes the minister of cabinet affairs, Mohammad Al Sabah, as saying Egypt will receive a $2 billion loan, a $1 billion grant and $1 billion worth of oil and petroleum products.

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