#AceFinanceNews – UAE: Allocates funding of $4-billion to support Egypt’s ailing cash reserves – Arab State News – confirmed on Friday – @AceFinanceNews

#AceFinanceNews – April.24: UAE approves $4B loan to boost Egypt’s cash reserves

The United Arabic Emirates has allocated $4 billion to Egypt, half of it in investment and half as a central bank deposit to support cash reserves, the UAE state news agency WAM reported on Friday.

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah Al Sisi, President of Egypt. (File photo)

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