Agreement Between UAE dand Egypt

this past saturday the United Arab Emirates Signed an agreement with Egypt to aid and show support to the countries army-backed covernment. the aid package is supossed to be valued up to 4.9 billion Dollars. the aid package also includes the 1 billion dollar grant that was sent to the county this past July.
It came as a big relife to most countries in the MIddle East the overturn of the Islamist government and the take over of the former president MOhamed Mursi mid-last year. since then there has been a total of 12 billion dollars donated between Saudi Arabia the UAE and Kuwait.
most of the funds are to be directed to project development including the construction of 15 wheat silos with the capacity to store 15,000 tonnes in each. Financial support from Gulf states has helped Egypt shrug off a decision by the United States to withhold deliveries of tanks, fighter aircraft, helicopters and missiles as well as $260 million in cash aid pending progress on democracy and human rights.
0 0
Article Categories:

Leave a Reply

Your email address will not be published. Required fields are marked *