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US trade delegation visits Egypt
- Egypt: Sunday, September 09 - 2012 at 11:06
The largest ever US trade delegation to the Arab world, visiting Egypt this weekend, is seeking assurance that Egypt will be open for business under its rule, the Associated Press has reported. The delegation of more than 100 US executives is part of a push by Washington aimed at helping restore the Egyptian economy, which has been spiralling down since last year's anti-Mubarak uprising, as foreign investment dried up and tourism - one of the country's main money-makers - dropped. Egypt is also seeking a $4.8bn loan from the International Monetary Fund as a rescue package and as an international stamp of approval to draw in investors.
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StaffSunday, September 09 - 2012 at 11:06 UAE local time (GMT+4)
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