Egypt seeks loan of over $1B, taps UAE banks – sources – Egypttoday

Egypt seeks loan of over $1B, taps UAE banks – sources – Egypttoday

Egypt seeks loan of over $1B, taps UAE banks - sources. Emirates NBD and First Abu Dhabi Bank are helping to arrange the new loan and have reached out to other lenders as well, the sources said.. Two of the sources said the loan would have a maturity of one year.. The Egyptian government, Emirates NBD and FAB did not immediately respond to requests for comment.. Egypt received $13 billion in tourism revenue and $26 billion from remittances last year..