Saudi Arabia has pledged $US4 billion in financial aid to Egypt.
The official Mena news agency in Egypt says the assistance consists of grants and long-term loans.
The Al-Ahram newspaper said on Saturday the Saudi package would support Egypt's general budget, the central bank, development and other projects and bond purchases.
Egypt's economy contracted by an estimated 7% in January - March.
Cairo has been asking for help bridge with funding since the protests that ousted President Hosni Mubarak on 11 February.
In a speech on Thursday, US President Barack Obama pledged to relieve Egypt of up to $US1 billion in debt and to guarantee another $US1 billion in borrowing to finance infrastructure and job creation.