UAE aims to ensure its billions are spent wisely in post-Morsi Egypt - FT.com

UAE aims to ensure its billions are spent wisely in post-Morsi Egypt - FT.com:



"Gulf governments have been generous in their support of Egypt’s military-backed interim government, spending billions to signal their approval of the overthrow of the Islamist president, Mohamed Morsi, last summer.



Now, having underwritten almost $7bn in aid – and helped prevent the collapse of Egypt’s beleaguered economy – the United Arab Emirates is trying to ensure that its latest tranche of $2.9bn is judiciously deployed, advocating reforms and helping to craft measures for stimulus measures that will help put the economy on track."



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