Sunday 1 June 2014

UAE plan to revive Egypt’s economy - Khaleej Times

UAE plan to revive Egypt’s economy - Khaleej Times:



"The UAE foresees greater stability in Egypt after former army chief Abdel Fattah Al Sisi won the presidential election last week and will continue to back it financially, UAE Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan said here on Saturday.



Shaikh Abdullah said that the UAE wanted international partner to join in their efforts to repair Egypt’s shattered economy.



“We want to have partners from around the world involved, whether it be partners like Germany ... or institutions like the World Bank and the IMF,” Shaikh Abdullah said here during a visit by his German counterpart Frank-Walter Steinmeier.



Shaikh Abdullah said the UAE has a plan to revive Egypt’s economy and put it back on track. “The next period will be different. The previous one was a transitional period and now there will be more stability,” he said."



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