News Briefs

  8/28/2012, Elul 10, 5772

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.