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China Signs Investment Deals Worth Nearly $18B With Egypt

China has signed agreements to invest nearly $18 billion in Egypt, whose economy is yet to recover from years of political turmoil. Egyptian President Abdel-Fattah el-Sissi welcomed the much-needed future deals on Thursday, saying he prides himself on his friendship with Chinese President Xi Jinping. The Chinese agreements are aimed at developing the Suez Canal as well as the Egypt's infrastructure, transportation and electricity sector, with the investments staggered over...

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