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Egypt and Saudi Arabia agree $16 billion investment fund

The deals were signed by a representative of each country and in the presence of the two heads of state at a Cairo palace

Published: Updated:

Egyptian President Abdel Fattah al-Sisi and Saudi King Salman on Saturday oversaw the signing of several agreements, including a $16 billion investment fund, as the monarch visited Egypt for a third day.

A live Egyptian state television broadcast showed an official announcing the deals, signed by a representative of each country and in the presence of the two heads of state at a Cairo palace.