UAE, Egypt plan $20 bln spending on social, economic projects

Egyptian President Abdel Fattah al-Sisi and the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al-Nahyan, attend a welcome ceremony in the Emirati capital's Al-Watan presidential palace on November 14, 2019 in Abu Dhabi. (AFP)
Updated 14 November 2019

UAE, Egypt plan $20 bln spending on social, economic projects

  • Sheikh Mohammed made the announcement on Twitter during a visit to by Sisi
  • The funds will be used to establish joint strategic investment projects, specialized funds and investment tools, in a number of sectors

DUBAI: The United Arab Emirates and Egypt plan to jointly invest $20 billion in economic and social projects, under a bilateral project announced by the Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al-Nahyan on Thursday.
Sheikh Mohammed made the announcement on Twitter during a two-day visit to the UAE by Egypt's President Abdel Fattah El-Sisi.
Abu Dhabi Development Holding Company and Egypt's sovereign wealth fund will use the funds to establish joint strategic investment projects, specialized funds and investment tools, in a number of sectors, Egyptian presidential spokesman Bassam Rady said.


Polls open in Algeria vote bitterly opposed by protesters

Updated 12 December 2019

Polls open in Algeria vote bitterly opposed by protesters

  • All 61,000 polling stations around the North African country opened as planned
  • No opinion polls have been published but observers expect an extremely low turnout nationwide

ALGIERS: Polls opened in Algeria on Thursday in a presidential election bitterly opposed by a protest movement that sees it as a regime ploy to cling on to power.
All 61,000 polling stations around the North African country opened as planned at 8 am (0700 GMT), the official APS news agency said.
No opinion polls have been published but observers expect an extremely low turnout nationwide after months of demonstrations opposing the vote.
Five candidates are in the running, all of them widely rejected as “children of the regime” of former president Abdelaziz Bouteflika, whom people power ousted in April after two decades in office.