UAE agrees to give Egypt $3 billion in loans and grant -source
CAIRO, July 9
CAIRO, July 9 (Reuters) - The United Arab Emirates has agreed to grant Egypt $1 billion and lend it another $2 billion, an Egyptian source close to the talks said on Tuesday.
The source said the amount was expected to be part of a larger financial package from the UAE. The loan would be in the form of a deposit at Egypt's central bank, although the interest rate and maturity had yet to be finalised.
He also said that Saudi Arabia was expected to lend Egypt $2 billion, which he expected to be confirmed within two days.
(Reporting by Patrick Werr; Writing by Alexander Dziadosz; editing by Mike Collett-White)