Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt March 8, 2016. REUTERS/Mohamed Abd El Ghany
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The United Arab Emirates agreed Monday to deposit $1 billion into Egypt's central bank in a new show of support for President Abdel-Fattah el-Sisi, state news agency WAM said.In April, it allocated $4 billion to support Egypt – $2 billion in investment and another $2 billion to be deposited at the central bank to support foreign exchange reserves.This month, the International Monetary Fund said that it had reached an initial agreement to lend $12 billion to Egypt, in a three-year deal which the government hopes will provide a lifeline to the North African nation.
FOLLOW THIS ARTICLE