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English news

19-Apr-2016

France signed deals worth EUR2 billion with Egypt

France signed several deals worth about EUR2 billion with Egypt during a visit by French President Francois Hollande to Cairo, the French president's office said on Monday. The deals included a satellite communications contract agreed upon following discussions between the two presidents and their defence ministries, the Elysee said. The military telecommunications satellite is expected to be built by France's Airbus Space Systems et Thales Alenia Space. French energy Engie firm said earlier that it also signed LNG and renewable energy contracts during the visit. (Reuters)

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