Egypt to return $500m deposit from Qatar

Egypt will return a $500 million deposit from Qatar, made last year during the presidency of Mohamed Morsi, following a request from Doha, the governor of Egypt's central bank said Wednesday.

Hisham Ramez told Egyptian daily Al-Akhbar Tuesday that Qatar had not yet asked for the return of a $2.5 billion deposit which was due to be repaid in November.

He added that the central bank will reimburse that sum in case the Qatari government requests the money back.