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Banque Misr signs agreements worth $1 billion with Chinese groups
Deputy Chairman of Banque Misr Akef al-Maghraby signed a framework agreement worth $500 million with the China Export & Credit Insurance Corporation. Banque Misr also signed a memorandum of understanding with the Industrial and Commercial Bank of China, also worth $500 million. The bank aims to prop up dollar liquidity…
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Click here to read the full story: CPI Financial