RIYADH: The Egyptian Sovereign Fund and the Qatar Investment Authority are in an apparent stalemate over $5 billion worth of investment deals as the north African country awaits promised Qatari funds, Asharq reported.
Egypt and Qatar reached an agreement for the investments in March, yet the two sides did not disclose the areas in which these deals would occur or when they would be concluded.
A joint committee headed by the countries’ foreign ministers was also formed, aimed at strengthening coordination and cooperation in all fields.
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