We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Tue 9 Jul 2013 12:05 PM

Font Size

- Aa +

UAE foreign minister due to arrive in Egypt

Many analysts and investors expect the UAE to extend financial aid to post-Mursi government

UAE foreign minister due to arrive in Egypt
(Photo for illustrative purposes only)

The UAE foreign minister will arrive in Cairo on Tuesday morning at the head of the most senior foreign delegation to visit Egypt since the military overthrew Islamist President Mohamed Mursi.

The delegation is coming to "show full support to the people of Egypt - political support, economic support," Egypt's foreign ministry spokesman Badr Abdelatty told Reuters by telephone.

Foreign Minister Sheikh Abdullah bin Zayed and National Security Adviser Sheikh Hazza bin Zayed will meet with Egypt's president and minister of defence.

The UAE was among the first Gulf countries to congratulate Egypt in the wake of last week's ouster of Islamist president Mohamed Mursi; it has long distrusted Mursi's Muslim Brotherhood.

Many analysts and investors expect the UAE to extend financial aid to the post-Mursi government in an effort to stabilise Egypt's troubled economy. In 2011 the UAE pledged $3bn in aid to Egypt, but the money was never delivered.

Arabian Business: why we're going behind a paywall

Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.