CAIRO, July 2 (Aswat Masriya) Former British Prime Minister Tony Blair has agreed to advise Egypt's newly elected President Abdel Fattah al-Sisi on economic reform, the Guardian said on Wednesday. 

His spokeswoman told the Guardian that he would make no money out of Egypt and neither would any of his organisations.

"He is giving advice, he will have meetings, that's all," she said. Blair believed that the Sisi government in Egypt "should be supported in its reform agenda and he will help in any way he can, but not as part of a team". However, he regarded Strategy&'s Egyptian work as important.

Blair, who supported the military's ouster of Islamist President Mohamed Mursi, is to give Sisi advice on "economic reform" in collaboration with a UAE -financed taskforce in Cairo.

The UAE taskforce is being run by the management consultancy Strategy& to attract investment to Egypt's crisis-ridden economy at a forthcoming Egypt donors' conference sponsored by oil-rich UAE, Kuwait and Saudi Arabia.