Skip to main content

SAUDI ARABIA AND UAE AID TO EGYPT

 BY 
United Arab Emirates and Saudi Arabia to give Egypt monetary aid in its political and economic crisis. The UAE will provide Cairo with $1 billion and lend it a further $2 billion, while Saudi Arabia will give Egypt a $5 billion aid package.
UAE loan be in the form of a $2 billion interest free deposit in Egypt’s central bank, state news agency WAM reported on Tuesday. Abu Dhabi  to give Egypt $1 billion.
UAE delegation to Cairo included the Gulf country’s national security adviser, foreign minister and energy minister. The visit was to “show full support to the people of Egypt – political support, economic support,” Egyptian foreign ministry spokesman Badr Abdelatty told media.
The UAE was one of the first countries to congratulate Egypt following the army’s decision to oust the Muslim Brotherhood’s Mohamed Morsi.
“The UAE stands by Egypt and its people at this stage and trusts the choices of its people. Egypt’s security and stability are the basis of Arab security,” WAM quoted UAE National Security Advisor Sheikh Hazza bin Zayad as saying.
UAE’s foreign minister also stated that the Egyptian army proved that it was a “strong shield” and“protector,” which guarantees that the country embraced all the components of the people.
Saudi Arabia also approved a $5 billion aid package to Egypt Tuesday, comprising of a $2 billion central bank deposit, $2 billion in energy products, and $1 billion in cash, Saudi finance minister Ibrahim Alassaf said.Media agencies

Comments

Post a Comment

Popular posts from this blog

Rouhani wins Iran's Presidential election Moderate cleric Hassan Rouhani won Iran's presidential election on Saturday, the interior ministry said, scoring a surprising landslide victory over conservative hardliners without the need of a second round run-off.Interior minister Mostafa Mohammad-Najjar announced on state television that Rouhani secured just over 50 percent of the ballot based on a 72 percent turnout of 50 million eligible voters. Mr Hassan Rouhani ... got the absolute majority of votes and was elected as president," Najjar said. Tehran Mayor Mohammad-Bagher Ghalibaf, a hard-line conservative, lagged behind with about 16 percent of the votes. Iran's top nuclear negotiator Saeed Jalili, he too a hard-line conservative, earned 11 percent. The voter turnout was 72.7 percent. President-elect Hassan Rohani, sixty four years old, is known as a moderate conservative. He has been stressing the need to improve ties with Western nations, and is back...
Post a Comment
20
Save Dissent to Save Democracy   THE rising instances of physical violence and threats against political opponents and the inability to accept dissent must raise huge concerns amongst all of us who see democracy as perhaps the really stellar achievement since Independence. AAP’s attack on BJP headquarters and acts of arson committed under the very noses of their elite leadership; the attacks on Arvind Kejriwal and Manish Sisodia in Gujarat in the last two days; the recent manhandling of the caretaker of journalist Siddharth Varadarajan’s house by some garden variety thugs; and the violence and threats meted out regularly to their political opponents by political parties is surely deplorable and condemnable. This is a fatally flawed trend which will destroy the very foundations of our democratic institutions if not pushed back with all the strength and condemnation that the civil society can mobilise. Replaying the past To begin with, it must be clarified that we should ...
Post a Comment
20
Discipline Virat can win WCC JUNE 24, 2019 Monsoon in day reach Lucknow Pranati- win the bronze medal M7.3 Earthquake – Banda Sea https://sagarmediainc.com/ INVITATION | LAUNCH OF “SWACHH MAHOTSAVA” CELEBRATIONS BY SH. GAJENDRA SINGH SHEKHAWAT, UNION MINISTER, JAL SHAKTI | 3.45 PM , MONDAY, 24 JUNE | VIGYAN BHAWAN, DELHI Invitation for a discussion on “Emergency: Darkest Hour in Indian Democracy” : S Gurumurthy, Chairman, VIF & Dr A Suryaprakash, Chairman, Prasar Bharti on Monday, 24th June 2019 17.30 NMML Invitation _Dr. Prabha Ravi Shankar_“G.A. Natesan (1873-1949): ‘Old and Dear Friend’ of Mahatma Gandhi”_24 June 2019_3.00pm  CPR and CSH are pleased to invite you to a workshop on ‘Whims of a Digital Boss: The Story of Insecure App-Based Workers in Delhi’ Speaker:  Akriti BhatiaTuesday, 25 June 2019, 3:45 p.m. Centre for Science and Humanities (CSH), 2, Dr APJ Abdul Kalam Road, (formerly Aurangzeb Road) What are the Priorities ...
Post a Comment
20