Arab states pledge billions at Egypt investment meet

Egyptian President Abdel Fattah al-Sisi speaks during the Egypt Economic Development conference on March 13, 2015, in the Red Sea resort of Sharm el-SheikhArab states pledged $12 billion in investment aid to Egypt Friday as President Abdel Fattah al-Sisi hosted a conference aimed at jump-starting the economy and positioning himself as a key force against jihadists. The United States, however, came empty handed to the conference at the Red Sea resort town of Sharm el-Sheikh, with US Secretary of State John Kerry only affirming that Washington stood beside Egypt as it seeks to recover from years of turmoil.

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