UAE Egypt

Abu Dhabi offers further support for embattled Egypt

Issue 1178 - 12 Oct 2023 | 1 minute read

The Central Bank of the UAE (CBUAE) agreed a bilateral currency swap agreement with the Central Bank of Egypt (CBE) on 28 September, allowing for the exchange of up to AED5bn and EGP42bn – equivalent in both cases to around $1.4bn – between the two institutions.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News