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Tag Archives: Egypt

Wang Yi On African Tour

Chinese foreign minister Wang Yi will head to Africa next week, with official visits planned in Egypt, Eritrea and Djibouti, as well as Burundi and Zimbabwe. The diplomatic schedule was announced by the Ministry of Affairs, which noted China’s tradition of beginning each new year on the African continent. Geng noted this year’s 20th anniversary of the Forum on China-Africa Cooperation (FOCAC) ...

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Egypt Signs Deal With ITFC For Commodities Imports

Egypt has signed a US$ 1.1bn deal with the International Islamic Trade Finance Corporation (ITFC) to finance petroleum products and other commodity imports in 2020. The funds are part of a US$3bn agreement between the country’s Ministry of Investment and International Cooperation and the ITFC, signed in January 2018. The local market access to petroleum products is one of the ...

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