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Home > Region
 
UAE says no plans for more financial aid to Egypt for now

(Reuters) / 15 May 2014

The UAE, Saudi Arabia and Kuwait have poured in billions of dollars to support the Egyptian economy since Mursiís removal in July last year.


Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance said on Thursday that the country, a major supporter of Egypt since the army removed former president Mohammed Mursi from power, had no plan for additional financial aid to Egypt for now.

Shaikh Hamdan, told reporters: “We are talking about support (for Egypt).” Asked whether there were plans for more financial aid, he said: “No plans for now.”

The United Arab Emirates, Saudi Arabia and Kuwait have poured in billions of dollars in cash and oil products to support the Egyptian economy since Mursi’s removal in July last year.

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