Egypt receives 14 bln USD from UAE as 2nd payment of investment deal: cabinet
CAIRO, May 15 (Xinhua) -- Egypt has received 14 billion U.S. dollars from the United Arab Emirates (UAE) as the second payment of a 35-billion-dollar investment deal signed in February to develop Ras Al-Hekma, a new resort city on Egypt's northern coast, the Egyptian cabinet said Wednesday.
During a cabinet meeting, Egyptian Prime Minister Mostafa Madbouly confirmed the receipt of the payment, which he said woul