Egypt is seeking to more than a million dollars wearing UAE banks

Egypt is seeking to more than a million dollars wearing UAE banks

Reuters

Egypt is seeking to more than a million dollars wearing UAE banks

Said a source familiar with the Egyptian government looking to arrange a loan more than a million dollars, and it spoke to banks in the UAE to arrange for financing.

The source said that Bank of UAE “Dubai National Bank of Abu Dhabi first” help in arranging the loan, they agree with the other banks for this purpose.

Coincide the financing plan with the interests of the Egyptian economy from the repercussions of an outbreak of corona virus, which affected the sectors of Tourism and construction.

Declined foreign reserves of Egypt a billion dollars in last May, with the downsizing crisis SGRF-19 some of the sources of hard currency home, especially tourism, remittances from workers abroad.

Source: “Reuters”

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