UAE signs $4.9 billion aid package to Egypt


ABU DHABI (Reuters) - The United Arab Emirates signed an aid agreement with Egypt on Saturday worth $4.9 billion (3.0 billion pounds), in another show of support from the wealthy Gulf state to Egypt's army-backed government.

The aid package includes a $1 billion grant already sent to Egypt in July, while the rest is fresh funds to support various sectors of the economy, the UAE's state news agency said.

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