Egypt is expecting a major boost in cash and investments from China this week when President Xi Jinping makes an official tour of the country. The central bank is hoping to receive a $1 billion loan, to help shore up its foreign reserves. Egypt is battling to overcome an acute dollar shortage with a raft of rules aimed at cutting back imports and thereby reducing demand for hard currency.
- Category
- Egypt
Be the first to comment
Up Next
Autoplay
-
01:38
Egypt Holds Motorcycle Rally To Boost Tourism Image In Egypt
-
03:00
Tunisia and Egypt boost economic cooperation
-
00:53
Egypt Expects 10 Million Tourists In 2015
-
02:04
China, Kenya To Boost Legal Cooperation On Illegal Trade
-
02:31
Mombasa port expansion expects to boost trade in East Africa
-
03:08
Egypt ramps up hotel financing to boost tourism sector
-
01:32
Tunisia Foreign Minister In Egypt To Boost Bi-lateral Ties
-
02:02
Egypt, Cyprus And Greece Hope To Boost Economic Cooperation
-
08:17
African Leaders Push For Investments At Egypt Summit
-
01:06
Egypt dims lights to boost foreign reserves
-
59:15
The Chinese are Coming
-
00:50
Olympics: Uganda strikes 10,000m gold as Morocco, Egypt advance in football
-
02:13
BREAKING: President of Mali held in 'coup' by soldiers
-
01:11
Malawi's former VP files complaint against president
-
07:40
Breaking Sex-Ed taboos in South Sudan
