The Gulf states are mobilizing to help Egypt financially in the face of the difficult period it is going through, especially since the outbreak of the war in Europe. Saudi Arabia today announced a $5 billion deposit in the central bank account in Cairo.
 
Yesterday, another Gulf state, Qatar pledged to invest $5 billion in the Egyptian economy. No further details were provided.
 
At the same time, Qatar is expanding its presence in the gas market in the Mediterranean basin, through Egypt. Yesterday it was announced that Qatar had acquired 40% of the gas exploration concession in the "northern Marakia" in Egypt's territorial waters. 

A few weeks ago, Qatar announced an investment in one of the oil and gas exploration concessions in the Red Sea.

NEWSRAEL: The connection between this and the "Negev Summit" just a few days ago is anyone's guess. Our guess is that it is very connected.