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Monday, February 20, 2012

''Iran plans US$5 bln worth of investments in Egypt''

''Experts said a number of joint projects between Egypt and Iran would bring in Iranian investments worth US$5 billion to Egypt, after 30 years of sour relations between the two countries.
Al-Sayed al-Aqeeli, the director of the Arab Company for Industry and Investment and the solicitor general of the Iran Garment Holding Company in the Middle East, which includes major Iranian companies, said Egypt agreed to allow US$5 billion worth of Iranian investments.''

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