AIRLINK 197.06 Increased By ▲ 5.22 (2.72%)
BOP 10.13 Increased By ▲ 0.26 (2.63%)
CNERGY 7.84 Increased By ▲ 0.17 (2.22%)
FCCL 38.35 Increased By ▲ 0.49 (1.29%)
FFL 15.98 Increased By ▲ 0.22 (1.4%)
FLYNG 25.27 Decreased By ▼ -0.04 (-0.16%)
HUBC 131.20 Increased By ▲ 1.03 (0.79%)
HUMNL 13.74 Increased By ▲ 0.15 (1.1%)
KEL 4.65 Decreased By ▼ -0.02 (-0.43%)
KOSM 6.35 Increased By ▲ 0.14 (2.25%)
MLCF 45.22 Increased By ▲ 0.93 (2.1%)
OGDC 209.50 Increased By ▲ 2.63 (1.27%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 40.95 Increased By ▲ 0.40 (0.99%)
PIAHCLA 17.68 Increased By ▲ 0.09 (0.51%)
PIBTL 8.07 No Change ▼ 0.00 (0%)
POWER 9.40 Increased By ▲ 0.16 (1.73%)
PPL 180.40 Increased By ▲ 1.84 (1.03%)
PRL 39.71 Increased By ▲ 0.63 (1.61%)
PTC 24.32 Increased By ▲ 0.18 (0.75%)
SEARL 110.61 Increased By ▲ 2.76 (2.56%)
SILK 1.01 Increased By ▲ 0.04 (4.12%)
SSGC 38.23 Decreased By ▼ -0.88 (-2.25%)
SYM 19.21 Increased By ▲ 0.09 (0.47%)
TELE 8.74 Increased By ▲ 0.14 (1.63%)
TPLP 12.12 Decreased By ▼ -0.25 (-2.02%)
TRG 65.56 Decreased By ▼ -0.45 (-0.68%)
WAVESAPP 12.25 Decreased By ▼ -0.53 (-4.15%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.99 Increased By ▲ 0.04 (1.01%)
BR100 12,089 Increased By 158.7 (1.33%)
BR30 35,987 Increased By 327.2 (0.92%)
KSE100 115,039 Increased By 1832.8 (1.62%)
KSE30 36,147 Increased By 581.8 (1.64%)

imageCAIRO: Chinese President Xi Jinping signed a slew of trade deals with Egypt's leader Thursday as part of a regional tour aimed at bolstering Beijing's economic ties and clout in the Middle East.

After arriving late Wednesday from Saudi Arabia, Xi held talks with Egypt's President Abdel Fattah al-Sisi and was to address the Cairo-based Arab League.

State television broadcast live the signing of 21 bilateral agreements at a presidential palace in Cairo in the presence of the two leaders.

Earlier Thursday state-run newspaper Al-Ahram reported that the deals were worth $14 billion in the electricity, transportation, agriculture, civil aviation and housing sectors.

In an article in Al-Ahram ahead of his visit, Xi expressed China's backing for Egypt running its affairs without outside interference.

"China supports the people of Egypt in making independent choices for the future of their own country," he wrote.

He also said China supported Egypt "playing an active role in regional and international affairs".

Xi's regional tour, his first to the Middle East as president, will take him next to Iran.

Beijing has long taken a backseat to other diplomatic players in the Middle East but analysts say the region is crucial to Xi's signature foreign policy initiative -- known as "One Belt One Road" -- touted as a revival of ancient Silk Road trade routes.

China, the world's second-largest economy, also relies heavily on oil and gas imported from the energy-rich Middle East.

Xi's visit to Egypt comes just ahead of the January 25 anniversary of the 2011 revolution that toppled longtime Egyptian autocrat Hosni Mubarak.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.