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Iran offers Egypt 'big credit line'
- Egypt: Thursday, February 07 - 2013 at 07:03
Iran has said it is ready to provide a "big credit line" to help revive the distressed economy of Egypt, which saw its foreign currency reserves fall nearly 10% last month, the Associated Press has reported. The offer was made by Iranian president Mahmoud Ahmadinejad, who's on a three-day visit to Egypt, centred around an Islamic summit. It is the first trip by an Iranian leader after the two countries severed relations after the 1979 Islamic revolution.
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