Egypt's President Abdel Fattah al-Sisi welcomes Saudi Arabia's King Salman in Cairo, Egypt, in this handout photo received April 7, 2016. REUTERS/Saudi Press Agency/Handout via Reuters
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Saudi Arabia's financial support for strategic ally Egypt will no longer involve "free money" and will increasingly take the form of loans that provide returns to help it grapple with low oil prices, a Saudi businessman familiar with the matter said.After meeting Sisi on Friday, King Salman announced that a bridge connecting Egypt and Saudi Arabia would be built across the Red Sea.Saudi Arabia is expected to sign a $20 billion deal to finance Egypt's oil needs for the next five years and a $1.5 billion deal to develop its Sinai region, two Egyptian government sources told Reuters.
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