Turkey has agreed a $1 billion loan for Egypt during President Mohamed Morsi's visit to the country, the state-run MENA news agency reported on Sunday.
The borrowing is the first tranche of a total reported $2 billion Turkish aid package for Cairo
President Mohamed Mursi signed the loan agreement with Turkish Prime Minister Recep Tayyip Erdogan after giving a Sunday speech at Turkey's ruling AK Party conference in the capital Ankara.
During his first visit to Turkey as Egyptian president, Morsi spoke from the stage and urged his audience to support "nations that are aspiring to freedom and independence." Addressing the Turkish nation specifically, Morsi added: "The Arab world and the Arab Spring need you and your support to achieve sought-for stability."