Egyptian Presidency Approves US-Egypt Agreements

Egypt’s presidency approved cooperation agreements with the United States on Monday, presidential spokesperson Alaa Yousef said.

The agreements included an LE55 million aid agreement between Egypt, the US and the OPEC Fund for International Development (OFID) for Egypt to finance a power plant in the southern city of Assiut.

Yousef stated that other agreements approved include development cooperation in the fields of science and technology, higher education, agricultural development, trade and investment.

Egypt and the US say their relationship is solid despite souring after the ouster of Islamist president Mohamed Morsi in 2013.

Military aid held by the US pending democratic reform was released in June.

Source : Ahram online