(MENAFN) Egypt intends to get into discussions with Saudi Arabia, Kuwait and the United Arab Emirates to secure more aid and investments.
The country is basically seeking to ease a dollar crunch threatening to derail its nascent economic recovery, according to the latest reports.
The three Gulf Arab monarchies have given tens of billions of dollars to support the Egyptian economy since the 2013 army-led dismissal of former President.
However, it's not clear how much more aid they can extend at a time when the slump in oil prices and the war in Yemen negatively impact their public finances.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.