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China to Lend Egypt $200 Million as Leaders Meet in Beijing

Daryl Loo and Tarek El-Tablawy, Businessweek
August 28, 2012
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China promised a $200 million loan to Egypt and the two sides signed deals in agriculture, the environment and telecommunications as Egyptian President Mohamed Mursi sought to boost ties in a trip to Beijing.
 
China Development Bank pledged the credit to the National Bank of Egypt, according to a deal that was signed after Mursi met with his counterpart, President Hu Jintao, in Beijing today.
 
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