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Ex-military chief sworn in as Egypt's president

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By HAMZA HENDAWI

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Despite statements such as “We don’t believe that foreign assistance alone can provide the kind of economic stability and the economic opportunities that really will help move Egypt’s economy forward” almost the first thing the new President of Egypt does is “calls for more Chinese investment, aids”, This is a good sign, for peace in the region, because although Saudi Arabia has called for an “international conference in aid of Egypt’s economy” and the United States has eased up on the free flow of funds, President Al Sisi realizes that the real substantial investment collateral lies with China. This is a good thing for peace in the region because, Egypt has been making bellicose noises and threatening Ethiopia with war because they are constructing a dam for use with Nile river water. Egypt believes that colonial era agreements continue to give it more rights than the downstream countries to the Nile river’s water. The incoming President has said that he will try negotiation regarding the dam, Now that he realizes that he needs China’s assistance, it can also be hoped that he realizes, China is not prepared to see the time, effort and billions of dollars it has invested in the down stream Nile countries wasted because of pointless wars

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