UAE, Egypt’s strate­gic ally for 47 years

The Daily News Egypt - - Front Page - By Hagar Omran

Egypt’s re­la­tions with its strate­gic ally, the United Arab Emi­rates (UAE), date back to 1971, when a fed­er­a­tion was cre­ated be­tween seven Emi­rates, cur­rently the United Arab Emi­rates. Re­cent years have wit­nessed close co­or­di­na­tion be­tween the two coun­tries on key re­gional is­sues such as the Pales­tinian, Iraqi, Le­banese, Libyan,Ye­meni, and Syr­ian mat­ters as well as com­bat­ing ter­ror­ism and ex­trem­ism. The UAE’s sup­port to Egypt since the June 30 revo­lu­tion in­creased the Egyp­tian state’s ca­pa­bil­ity to con­front in­ter­nal and ex­ter­nal chal­lenges. The UAE also backed the Egyp­tian econ­omy af­ter the de­ci­sion to float the pound, as the UAE de­posited $1bn in the Cen­tral Bank of Egypt (CBE) for a pe­riod of six years, to sus­tain the Egyp­tian ex­change mar­ket. On 2 De­cem­ber, the UAE cel­e­brates its Na­tional Day which marks the coun­try’s Union Day be­tween the seven emi­rates of Abu Dhabi, Dubai, Shar­jah, Aj­man, Fu­jairah, and Umm al-Quwain in 1971. Sheikh Zayed bin Sul­tan was the coun­try’s first pres­i­dent. On the oc­ca­sion of the UAE’s Na­tional Day, Daily News Egypt is hon­oured to is­sue a spe­cial cov­er­age con­cern­ing the joint re­la­tions to shed light of sev­eral as­pects of co­op­er­a­tion.

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