UAE extends $3 bn aid package to Egypt

Published December 07, 2015

Egyptian supporters of deposed president Mohamed Morsi wave their national flag as they attend a rally in support of the former Islamist leader outside Cairo's Rabaa al-Adawiya mosque on July 8, 2013. The United Arab Emirates said it has offered Egypt an aid package of $3 billion, just days after it hailed the ouster of Islamist president Mohamed Morsi by the Egyptian army. (AFP/File)

The United Arab Emirates said on Tuesday it has offered Egypt an aid package of $3 billion, just days after it hailed the ouster of Islamist president Mohamed Morsi by the Egyptian army.

The package includes a grant of $1 billion and a $2 billion interest-free deposit in Egypt's central bank, WAM state news agency said.

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