Abu Dhabi: Egypt expects to reach a loan agreement with Saudi Arabia and the UAE worth several billions of dollars each soon, while another $500 million (Dh1.8 billion) should come from the Arab Monetary Fund, the country's finance minister said yesterday.
"There are talks about a package coming from Arab countries, from Saudi Arabia, from the UAE. We are under discussion, but both of them have presented proposals of a couple of billion dollars each," Egyptian Finance Minister Hazem Al Beblawi said on the sidelines of a meeting of Arab finance ministers in Abu Dhabi.
