U.A.E. pledges $4 billion to Egypt at Economic Conference

Vice President of the UAE and ruler of Dubai Mohamed bin Rashed AL-Maktoum stated, in his speech in Egypt’s Summit, that his country pledges US$4 billion to Egypt.
UAE’s US$2 billion finances will be provided as deposits at the Central Bank of Egypt; while the other US$2 billion will be allocated to stimulate the Egypitan economy through a number of initiatives that will be announced later.