UAE agrees to give Egypt $3 billion in loans and grant

By REUTERS
July 9, 2013 15:20




CAIRO- The United Arab Emirates has agreed to grant Egypt $1 billion and lend it another $2 billion, an Egyptian source close to the talks said on Tuesday.

The source said the amount was expected to be part of a larger financial package from the UAE. The loan would be in the form of a deposit at Egypt's central bank, although the interest rate and maturity had yet to be finalised.

He also said that Saudi Arabia was expected to lend Egypt $2 billion, which he expected to be confirmed within two days.


Related Content

Breaking news
January 20, 2018
China accuses U.S. warship of violating its sovereignty

By REUTERS

Israel Weather
  • 6 - 17
    Beer Sheva
    9 - 18
    Tel Aviv - Yafo
  • 6 - 12
    Jerusalem
    8 - 16
    Haifa
  • 11 - 22
    Elat
    9 - 19
    Tiberias