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UAE offers $1 billion deposit to Egypt's Central Bank

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(Abu Dhabi) - The UAE has offered a financial deposit worth US$1 billion to the Arab Republic of Egypt at the Central Bank of Egypt for a period of 6 years. The deal was signed by Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi…

UAE allocates $4 billion in support to Egypt

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(Cairo) - The UAE has pledged $4 billion in support of Egypt, of which $2 billion will be allocated for investment in a number developmental fields in Egypt, while the other $2 billion will be deposited at the Central Bank of Egypt to support…

Egypt Economic Development Conference held

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(Sharm el Sheikh) - Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has announced at the "Egypt Economic Development Conference' that the UAE would commit AED14.7 billion in two phases,…

UAE to Grant $3bn Loan to Egypt

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The UAE has offered a grant of $1 billion and a further $2 billion no-interest loan to Egypt in the form of a no-interest deposit with the Central Bank of Egypt. The UAE announcement of the grant and loan was made when Egypt's interim president,…