UAE agrees to give Egypt $3bn - source

Cairo - The United Arab Emirates has agreed to grant Egypt $1bn and lend it another $2bn, an Egyptian source close to the talks said on Tuesday.

The source said the amount was expected to be part of a larger financial package from the UAE.

The loan would be in the form of a deposit at Egypt's central bank, although the interest rate and maturity had yet to be finalised.

He also said that Saudi Arabia was expected to lend Egypt $2bn, which he expected to be confirmed within two days.