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UAE pledges $4 bn in economic aid to Egypt

Ahram Online , Friday 13 Mar 2015
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Mohamed bin Rashed Al-Maktoum, vice president of the UAE and ruler of Dubai, pledges $4 billion to Egypt at the Sharm El-Sheikh economic conference.

Maktoum said  $2 billion will be provided as deposits at the central bank while the other $2 billion will be allocated to stimulate the economy through a number of initiatives that will be announced later.

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