Egypt will return $500 million to Qatar in October

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.

Qatar backed Egypt with $7.5 billion in deposits during the presidency of the Muslim Brotherhood's Mohamed Morsi, but the relations between the two countries soured due to Doha's opposition to Morsi's ouster in July, 2013.