Egypt banks on Gulf aid for economy

Source:
Al-Monitor
Date of source:
1 Jun 2014
Reference:

Egyptian Prime Minister Ibrahim Mehleb announced that the Egyptian national agenda includes an urgent package which will earmark about 29.7 billion Egyptian pounds [$4.15 billion] to implement economic reform and stimulate development in Egypt during the next stage. He stressed that Egypt will be able to get through this crisis and will not stop its march forward for any reason. In an exclusive interview with Al-Khaleej, he said the support provided by the United Arab Emirates (UAE) to Egypt during this crisis represents a nationalist and Arab presence, and will be recorded in history for the UAE, its mature leadership and great people. According to him, the UAE has become a "national model" that "translates the reality of the Arab synergies in the global arena." This is a message to the global community, emphasizing that solidarity between Arab brothers has deep roots and lofty dimensions, is unshakable in the face of concerns regarding changes and will not be affected by crises.

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