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  Av 10, 5772 , 28/08/12

China to Loan Egypt $200 Million

China will loan Egypt $200 million, the two countries agreed Tuesday during a meeting in Beijing. Representatives from the two countries also signed deals in agriculture, the environment and telecommunications.

Egypt’s Al-Ahram newspaper reported that the Egyptian government is hoping to boost Chinese investment from $500 million to $3 billion.

Other archived news briefs:Aug 28 2012, 06:35 PM, 8/28/2012