Egypt will “soon” receive the first tranche of a $1.5 billion loan from Saudi Arabia, a cash injection that could help to ease a dollar shortage that has weighed on economic growth. The deal represents a shift in Saudi Arabia’s strategy to support Egypt through investment rather than aid. Source: Bloomberg
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Greek Prime Minister Alexis Tsipras said on Tuesday it was important for Turkey to remain part of the NATO security alliance and continue its orientation toward Europe despite current tensions between the two countries. Source: Daily Sabah
Turkish Chief of Staff Gen. Hulusi Akar signed a defense agreement with Georgian and Azerbaijani defense chiefs on Oct. 17. Source: Hurriyet Daily News
Taiwan’s government said on Wednesday that it was “absolutely” the right of Taiwan’s 23 million people to decide their future, after Chinese President Xi Jinping said any attempt to separate the island from China would be thwarted. Source: Reuters