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Tuesday, 27 December 2016

Nuclear power plant agreement could be signed on Thursday, Russia’s Eurasian Economic Union to begin free trade talks with Egypt

Ties with Moscow continue to deepen as we await news on a possible return of tourism. The Russia-backed Eurasian Economic Union has agreed to begin negotiations for free trade agreements with a list of countries that includes Egypt, Iran, India and Singapore, Ahram Gate reports, citing an emailed statement from the Ministry of Trade and Industry. Trade Minister Tarek Kabil said that an agreement with the Union would bring the size of trade activities up to USD 15.7 bn a year from USD 3.5 bn. EEU member states include Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. Both Mongolia and Tajikistan have been touted as potential members in the past.

Russian security officers to review Cairo International Terminal 2 again? A team of Russian officials were due in Cairo yesterday to review security measures ahead of the possible resumption of flights, initially between Cairo and Moscow, Youm7 reports, citing a source at the Cairo Airport Company. Sky News Arabia cites unnamed sources as saying the resumption of flights would begin at Cairo only and would extend to the resort destinations of Sharm El Sheikh and Hurghada at a later date. The first EgyptAir Cargo flight to Moscow since the Metrojet air disaster in late 2015 left Cairo International this past weekend.

Daba’a agreement signed before 2017? Preparations are underway for Egypt to sign a nuclear power plant agreement with Rosatom on Thursday, a source at Rosatom said, according to a report carried by Ahram Gate. There were no details in the report even though earlier ones indicated signing the agreement would be delayed until 2017.

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