UAE wants aid for Egypt following El-Sisi election

UAE Foreign Affairs Minister Sheikh Abdullah bin Zayed al-Nahyan yesterday called for Egypt to receive international support following the victory of Abdel Fattah El -Sisi in last week’s Egyptian presidential elections.

“We want to have partners from around the world involved, whether it be partners like Germany or institutions like the World Bank and the IMF,” Sheikh Abdullah said at a press conference with German’s Foreign Minister Frank Steinmeier in Abu Dhabi.

“Egypt is a sisterly Arab country and always we stand by them,” Sheikh Abdullah said. “But this time our support for Egypt after the election… will be entirely different from what we have done so far.”

Since the overthrow of Muslim Brotherhood president Morsi in July 2013, the UAE has announced it will provide $6bn in interest-free loans, guaranteed fuel supplies and financing for health, education, food, housing and transport projects.

Arabtec, the UAE-based construction company, has agreed to build 1m homes for low income Egyptians.