The United Arab Emirates has allocated USD4 billion to Egypt, half of which is in investment and the other half as a deposit at the Central Bank of Egypt (CBE) to support cash reserves, the UAE state news agency WAM reported on Friday. Details of the UAE aid allocation came at the end of a visit of Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed al-Nahayan, to Egypt on Friday. He said the aid, authorised by UAE President Sheikh Khalifa bin Zayed al-Nahayan, showed the UAE was firm in its support for Egypt. The money was aimed at promoting development in Egypt, which has a "pivotal role" in the region, WAM quoted Sheikh Mohammed as saying. Tarek Fayed, CBE Deputy Governor, told news agency al-Sharq al-Awsat on Friday the deposit would support the bank's reserves significantly and help it fight speculation on the dollar black market. Fayed said the deposit was expected to arrive this week. (Reuters)