AIRLINK 184.69 Increased By ▲ 0.20 (0.11%)
BOP 12.78 Increased By ▲ 0.02 (0.16%)
CNERGY 7.81 Increased By ▲ 0.12 (1.56%)
FCCL 40.84 Decreased By ▼ -0.36 (-0.87%)
FFL 15.18 Increased By ▲ 0.06 (0.4%)
FLYNG 26.94 Increased By ▲ 0.36 (1.35%)
HUBC 131.07 Decreased By ▼ -0.76 (-0.58%)
HUMNL 13.82 Decreased By ▼ -0.27 (-1.92%)
KEL 4.51 Increased By ▲ 0.01 (0.22%)
KOSM 6.14 Decreased By ▼ -0.25 (-3.91%)
MLCF 51.23 Decreased By ▼ -0.48 (-0.93%)
OGDC 212.11 Increased By ▲ 3.23 (1.55%)
PACE 6.29 Increased By ▲ 0.02 (0.32%)
PAEL 42.55 Increased By ▲ 0.47 (1.12%)
PIAHCLA 16.51 Decreased By ▼ -0.11 (-0.66%)
PIBTL 8.94 Decreased By ▼ -0.14 (-1.54%)
POWER 11.10 Decreased By ▼ -0.17 (-1.51%)
PPL 175.00 Increased By ▲ 2.14 (1.24%)
PRL 34.73 Decreased By ▼ -0.34 (-0.97%)
PTC 23.94 Decreased By ▼ -0.50 (-2.05%)
SEARL 94.42 Decreased By ▼ -0.86 (-0.9%)
SILK 1.14 Increased By ▲ 0.01 (0.88%)
SSGC 33.11 Decreased By ▼ -1.07 (-3.13%)
SYM 17.11 Decreased By ▼ -0.61 (-3.44%)
TELE 8.25 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.45 Decreased By ▼ -0.22 (-1.89%)
TRG 60.25 Decreased By ▼ -0.23 (-0.38%)
WAVESAPP 11.39 Decreased By ▼ -0.14 (-1.21%)
WTL 1.45 Decreased By ▼ -0.01 (-0.68%)
YOUW 3.93 Decreased By ▼ -0.08 (-2%)
AIRLINK 184.69 Increased By ▲ 0.20 (0.11%)
BOP 12.78 Increased By ▲ 0.02 (0.16%)
CNERGY 7.81 Increased By ▲ 0.12 (1.56%)
FCCL 40.84 Decreased By ▼ -0.36 (-0.87%)
FFL 15.18 Increased By ▲ 0.06 (0.4%)
FLYNG 26.94 Increased By ▲ 0.36 (1.35%)
HUBC 131.07 Decreased By ▼ -0.76 (-0.58%)
HUMNL 13.82 Decreased By ▼ -0.27 (-1.92%)
KEL 4.51 Increased By ▲ 0.01 (0.22%)
KOSM 6.14 Decreased By ▼ -0.25 (-3.91%)
MLCF 51.23 Decreased By ▼ -0.48 (-0.93%)
OGDC 212.11 Increased By ▲ 3.23 (1.55%)
PACE 6.29 Increased By ▲ 0.02 (0.32%)
PAEL 42.55 Increased By ▲ 0.47 (1.12%)
PIAHCLA 16.51 Decreased By ▼ -0.11 (-0.66%)
PIBTL 8.94 Decreased By ▼ -0.14 (-1.54%)
POWER 11.10 Decreased By ▼ -0.17 (-1.51%)
PPL 175.00 Increased By ▲ 2.14 (1.24%)
PRL 34.73 Decreased By ▼ -0.34 (-0.97%)
PTC 23.94 Decreased By ▼ -0.50 (-2.05%)
SEARL 94.42 Decreased By ▼ -0.86 (-0.9%)
SILK 1.14 Increased By ▲ 0.01 (0.88%)
SSGC 33.11 Decreased By ▼ -1.07 (-3.13%)
SYM 17.11 Decreased By ▼ -0.61 (-3.44%)
TELE 8.25 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.45 Decreased By ▼ -0.22 (-1.89%)
TRG 60.25 Decreased By ▼ -0.23 (-0.38%)
WAVESAPP 11.39 Decreased By ▼ -0.14 (-1.21%)
WTL 1.45 Decreased By ▼ -0.01 (-0.68%)
YOUW 3.93 Decreased By ▼ -0.08 (-2%)
BR100 11,930 Increased By 4.9 (0.04%)
BR30 35,810 Increased By 73.5 (0.21%)
KSE100 113,784 Decreased By -78 (-0.07%)
KSE30 35,387 Decreased By -13.7 (-0.04%)

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.