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Tuesday, 28 March 2017

El Sisi meets with Bahrain’s King Hamad ahead of Arab summit

President Abdel Fattah held a closed-door meeting with Bahrain’s King Hamad bin Isa Al Khalifa in Cairo yesterday ahead of the Arab League Summit kicking off in Jordan on Wednesday, according to a presidency statement. The meeting centered largely on security issues.

Investment and International Cooperation Minister Sahar Nasr signed four agreements worth EUR 259 mn with the French Development Agency (AFD) yesterday, according to a press release backing projects in energy, wastewater and healthcare. In other France-related news, a signing ceremony for a EUR 100 mn agreement between the Investment and International Cooperation Ministry and AFD for the Alexandria tram development project, scheduled to take place yesterday, was postponed, Al Shorouk reports. It has yet to be rescheduled.

Meanwhile, Nasr is heading to Germany on Friday to complete negotiations for EUR 250 mn worth of budgetary support loans, according to Al Mal.

Finland wants to invest in renewable energy projects and possibly electrical equipment manufacturing in Egypt, Finland’s ambassador in Egypt Laura Kansikas-Debraise says, according to Al Mal. The comments were made during a meeting between Kansikas-Debraise and Electricity Minister Mohamed Shaker.

Egypt is attending the Nile Basin Initiative’s council of ministers meeting that kicked off yesterday in Uganda’s Entebbe according to Ahram Online. Egypt will likely unfreeze its membership in the initiative, after having suspended it for seven years, sources tell Al Shorouk.

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