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SITUATION REPORT

Jan 15, 2013 | 18:08 GMT

Egypt: Qatar Will Stand By Cairo, Prime Minister Says

Qatar will stand by Egypt and its people in its time of financial need, Qatari Prime Minister Sheikh Hamad bin Jassim bin Jabor al-Thani said Jan. 15, Reuters reported. He said it is in the World Bank's interest not to see Egypt go bankrupt. Qatar has long sought to position itself as a regional mediator; Egypt's weak economic situation has given Qatar an opening to exploit through additional monetary aid.

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