Saudi backing for a new Egyptian power plant plus deliveries of fuel oil are among deals worth more than $55bn resulting from last week’s visit by Saudi Arabia’s King Salman to Egypt’s President ‘Abd al-Fattah al-Sisi (see p17).

The Saudi Fund for Development (SFD) is lending Egypt $100mn for the Cairo West power project, which is expected to cost $700mn. The National Bank of Egypt, the Kuwait Fund for Arab Economic Development, the Arab Fund for Economic and Social...