The United Arab Emirates just granted Egypt a $4 billion aid, Egyptian media revealed. Half of the fund will be used as direct investments while the second half will be deposited at Central Bank to support the country’s foreign exchange reserves.

Cheikg Mohammed bin Zayev al-Nahyan, Abu Dabi’s Crown prince said the grant is proof of his country’s support to Egypt.

Tarek Fayed, Deputy Governor of Central Bank of Egypt, confirmed that the fund would be used to mainly support the reserves of the bank and help fight speculation in US dollar black market.

Egypt, following uprise in 2011, has been trying to stimulate its economic growth. The 2011 crisis gave rise to political instability and drove tourists and foreign investors away.

Early this month, Egypt and Saudi Arabia signed an agreement to establish a $16 billion (60 billion riyal) investment fund. At a conference held in March 2015, Kuwait and Saudi Arabia provided $4 billion, each, to Egypt.