Egypt and China signed several memoranda of understanding to deepen financial ties this week, including measures to enable Egyptian businesses to conduct more transactions in yuan.
The deals were announced Thursday during a visit by a senior Chinese delegation to Cairo, where Prime Minister Li Qiang met with President Abdel Fattah al-Sisi to discuss strengthening bilateral ties.
What happened: The governor of the Central Bank of Egypt, Hassan Abdalla, also met with his Chinese counterpart, Pan…
Continue Reading
News Source: www.al-monitor.com
Leave a Reply