Egypt receives $14B installment from UAE, totaling $57B from $35B investment deal.

Egypt has received a $14 billion installment from the UAE, bringing the total amount from their $35 billion investment deal to $57 billion. The funds will support the development of the Ras Al-Hikma peninsula, address Egypt's foreign currency shortage, and facilitate imports. Egypt's Prime Minister Mostafa Madbouly announced that authorities will exchange another UAE deposit of $6 billion into Egyptian pounds.