UAE says no plans for more financial aid to Egypt for now

Reuters, Thursday 15 May 2014

The United Arab Emirates' finance minister said on Thursday the country, a major supporter of Egypt since the ouster of former president Mohamed Morsi, had no plan for additional financial aid to Egypt for now.

Sheikh Hamdan bin Rashid al-Maktoum, who is also the deputy ruler of Dubai, told reporters: "We are talking about support (for Egypt)." Asked whether there were plans for more financial aid, he said: "No plans for now."

The United Arab Emirates, Saudi Arabia and Kuwait have poured in billions of dollars in cash and oil products to support the Egyptian economy since Morsi was ousted  in July last year following a popular uprising against his rule.

*This article has been edited by Ahram Online.

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