UAE provides Egypt with $9b petroleum products | Economy | Saudi Gazette:
"The UAE will provide Egypt with petroleum products worth $8.7 billion (AED31.95 billion) over a year starting in September, an Egyptian official told Reuters on Sunday.
Egypt has struggled to curb its swelling budget deficit and meet its soaring energy demands, which have resulted in daily electricity cuts around the country of 86 million people.
“We will complete all the details this week and the first shipment will be sent next week,” the official said, referring to the UAE agreement."
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