UAE offers $3 bln aid to Egypt-WAM agency

By REUTERS
July 5, 2011 03:48

CAIRO - The United Arab Emirates (UAE) on Monday offered an aid package worth $3 billion to Egypt, the state news agency WAM said.

The agency said that UAE President Sheikh Khalifa bin Zayed al-Nahayan ordered the setting up of a $1.5 billion fund to support small and medium projects in Egypt.

He also ordered the allocation of $750 million for infrastructure and housing projects for youths and $750 million in loans for various projects.


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