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FINANCIAL NEWS
Egypt, China increase ties due to West failures
01 Sep 2016
(MENAFN) Egypt and China will boost ties due to West failures, while Egypt will collaborate in the follow-up conference, the second Investing in Africa Forum.
Accordingly, China Central Television proclaimed that 86 Chinese firms have investments of more than USD1.1bn in the Suez Canal zone.
However, Egypt exposed that there are obstacles to operating in many African nations, but the country is a priority investment destination.
In addition, Western banks failed many emerging economies due to the shortage of funds offered, and the lack of a voice for developing nations.
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