Egypt-UAE loan deal to finance wheat purchases
- Date: 20-Jul-2023
- Source: Al Bawaba
- Sector:Financial Services
- Country:Egypt
Egypt-UAE loan deal to finance wheat purchases
ALBAWABA – The governments of the United Arab Emirates (UAE) and Egypt are negotiating a new Egypt-UAE loan deal to finance Egypt’s wheat purchases, Egyptian Supply Minister Ali el-Moselhy told Bloomberg.
The funds will be provided by the Abu Dhabi Fund for Development in $100 million instalments, the minister said.
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