UAE agrees to grant Egypt additional $3.9 billion in aid

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October 26, 2013 23:05

Egypt signed an agreement for $4.9 billion with the United Arab Emirates on Saturday in which it agreed to support the country’s development with an additional $3.9 billion in aid after previously agreeing to around $1 bill in July, according to the Emirates News Agency.

The signing of the agreement took place in the presence of General Sheikh Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces and called for the construction of 25 wheat and grain silos, and other healthcare, housing, and development projects.


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