Diplomacy + Foreign Trade on 23 November 2020
The big news in diplomacy yesterday: The French Development Agency has committed to providing a EUR 50 mn loan to develop Cairo’s Metro Line 1. French Transport Minister Jean-Baptiste Djebbari put pen to paper at the TransMea conference yesterday, signing the agreement with Kamel El Wazir, the Egyptian Transport Ministry said.
On the diplomatic front: President Abdel Fattah El Sisi discussed economic ties with South African president Cyril Ramaphosa over the weekend, while Egypt and Sudan inked an agreement that will see them share expertise on military-related manufacturing.
MEANWHILE- The Commercial Representation Authority is working on a new strategy to drive exports to Africa, director Abdel Aziz Al Sharif said at a symposium yesterday, and the “Sword of Arabs” joint military exercises kicked off yesterday in Egypt. Troops from Saudi Arabia, the UAE, Jordan, Bahrain and Sudan will drill through Thursday, an Armed Forces statement said.