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Sunday, 30 April 2017

German parliament approves security cooperation agreement with Egypt

German parliament approves security cooperation agreement with Egypt: Germany’s Reichstag approved on Thursday a security cooperation agreement signed with Egypt last year which would see both countries exchange experts and information to help fight terrorism and other crimes like drug trafficking and money laundering, and carry out operational measures upon request, the Associated Press reports. Though the agreement is predicated upon "upholding human rights," Human Rights Watch Germany director Wenzel Michalski criticized the agreement for not going far enough to guarantee human rights.

The Trade Ministry is in talks with the Green Climate Fund for a USD 48 mn loan to finance renewable energy projects, Al Borsa reports. A delegation from the fund will be visiting Egypt next month to explore the planned projects and determine their economic feasibility, according to an unnamed government source.

Investment and International Cooperation Minister Sahar Nasr met with members of the Khalijis in Love with Egypt Coalition (a pro-investment in Egypt GCC-based lobby group) yesterday to discuss increasing Gulf investment in Egypt, according to an emailed statement.

The Nile Basin Initiative will hold a presidential summit on 25 May in Uganda to discuss the Cooperative Framework Agreement, which outlines member states’ obligations in their use of the Nile Basin’s resources, Al Shorouk reports. It is unclear whether President Abdel Fattah El Sisi will attend the summit.

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