Arab Today, arab today egypt sees billions in aid from saudi uae soon
Last Updated : GMT 09:22:01
Arab Today, arab today
Arab Today, arab today

Egypt sees billions in aid from Saudi, UAE soon

Arab Today, arab today

Arab Today, arab today Egypt sees billions in aid from Saudi, UAE soon

Abu dhabi - Arabstoday

Egypt expects to reach a loan agreement with Saudi Arabia and the United Arab Emirates worth several billions of dollars each soon, while another $500 million should come from the Arab Monetary Fund, the country's finance minister said on Wednesday."There are talks about a package coming from Arab countries, from Saudi Arabia, from the Emirates. We are under discussion, but both of them have presented proposals of a couple of billion dollars each," Egyptian Finance Minister Hazem el-Beblawi told Reuters on the sidelines of a meeting of Arab finance ministers in the UAE capital.Asked when he expected a deal to be reached, he said: "Before the end of the year. It should be quite soon.Egypt expects to reach a loan agreement with Saudi Arabia and the United Arab Emirates worth several billions of dollars each soon, while another $500 million should come from the Arab Monetary Fund, the country's finance minister said on Wednesday."There are talks about a package coming from Arab countries, from Saudi Arabia, from the Emirates. We are under discussion, but both of them have presented proposals of a couple of billion dollars each," Egyptian Finance Minister Hazem el-Beblawi told Reuters on the sidelines of a meeting of Arab finance ministers in the UAE capital.Asked when he expected a deal to be reached, he said: "Before the end of the year. It should be quite soon.

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