Egyptian, Chinese banks sign loan deals to enhance financial cooperation

China Development Bank (CDB) Executive Vice President Wang Yongsheng (L) shakes hands with SAIBANK Vice Chairman Hassan Abdel-Meguid after signing a loan agreement at Banque Misr headquarters in Cairo, Egypt, on Sept. 17, 2017. China Development Bank (CDB), the largest Chinese bank for foreign investment and financing cooperation, signed two deals to provide loans to Egypt's two major financial institutions SAIBANK and Banque Misr on Sunday. (Xinhua/Ahmed Gomaa)