Sputnik news China to Lend Egypt Banks $1.8Bln During Xi Visit - Egyptian Envoy to China China and Egypt will sign agreements extending $1.8 billion in loans to a range of Egyptian banks, local media cited Egypt's ambassador in China as saying Monday. Xi is due in Cairo on January 20-22 in the first visit by a high-level Chinese official in over a decade, Egypt's Ambassador in Beijing Magdy Amer told Egypt's MENA news service. "It is expected that China will sign with the Central Bank of Egypt an agreement on a loan of $1 billion to strengthen its reserves in foreign currency, as well as an agreement to provide $700 million to the National Bank of Egypt Al-Ahly. This line of credit to finance future projects," Amer said. Read more: http://sputniknews.com/business/20160119/1033340456/china-egypt-loan.html#ixzz3xfTKsdAd All Africa Sudan: Egypt Invites Sudan's Bashir to Africa Investment Forum in Feb. President Abdel Fattah al-Sisi extended an official invitation to Sudanese President Omar al-Bashir to attend the upcoming Africa Investment Forum scheduled to take place in Sharm el-Sheikh in February. Egypt will host the Africa Investment Forum on Feb. 20, with the participation of 21 African leaders and heads of regional and economic blocs, in addition to 96 ministers responsible for different sectors across the continent. Read more: http://allafrica.com/stories/201601180812.html Israel National News Egyptian ambassador meets Foreign Ministry chief The warming of relations between Israel and Egypt continued Monday, as Foreign Ministry Director General Dr. Dore Gold met with Egypt's new ambassador to Israel, Hazem Khairat. Gold spoke with the Egyptian ambassador about his appointment and said that it marked a significant and important milestone in relations between the two countries. "Israel considers Egypt an important country in the region and the relations with it are important to Israel," he said. Read more: http://www.israelnationalnews.com/News/News.aspx/206672#.Vp3Qmy6qqko
