The bonds – which would be issued in Emirati dirhams, Indian rupees, and Hong Kong dollars – are within the government’s efforts to diversify its financial strategy by entering new markets and developing various financial tools
The finance minister pointed out the potential returns of Egypt tapping into India’s financial markets, adding that it would build upon the country’s success in issuing Samurai and Panda bonds earlier this year
They upped the total to 24 aircraft that brought shipments donated by foreign countries and international organizations.
Samir affirmed that Egypt and India share a strategic bilateral relationship that spans a long history of mutual cooperation aimed at supporting the economic and social development aspirations of both countries.
President Sisi travelled to India on Saturday to participate in the 18th Heads of State and Government Summit of the Group of 20 (G20) in New Delhi, India.
Egyptian President Abdel Fattah El Sisi met on Saturday with President of the European Council Charles Michel on the sidelines of the 2023 G20 New Delhi summit.
Egyptian President Abdel Fattah El-Sisi held a number of side meetings on the sidelines of the G20 summit taking place in the Indian capital, New Delhi.
Presidency Spokesperson Ahmed Fahmy, said that President Abdel Fattah El-Sisi will speak at the G20 summit not only as President of Egypt, but also representing Africa and developing countries in light of Egypt's presidency of new partnership for Africa’s development (NEPAD) and the climate conference (COP 27).
“On the occasion of the 15th anniversary of BRICS, we have taken the decision to expand this forum. India has always fully supported this expansion. Such an expansion will make BRICS stronger and more effective,” said Modi on his X (formerly known as Twitter) account, on Thursday.
Ocior Energy will invest around $4 billion to build the project, local media reported.
The president noted that such renovations are within the government's plan to rehabilitate Historic Cairo.
Egypt’s President Abdel Fattah El-Sisi met with the Sultan of Bohra Community in India, Mufaddal Saifuddin, who was accompanied by his sons Prince Ja’far El-Sadiq Imadduddin, Prince Taha Najmuddin, and Prince Husain Burhanuddin.
“It is with great humility that I accept the 'Order of the Nile.’ I thank the Government and people of Egypt for this honour. It indicates the warmth and affection they have towards India and the people of our nation,” he tweeted.
“I thank PM Mostafa Madbouly for accompanying me to the Pyramids. We had a rich discussion on the cultural histories of our nations and how to deepen these linkages in the times to come,” Modi Twitted.
President Abdel Fatah al-Sisi received Sunday at Al Itihadiyah Presidential Palace Indian Prime Minister Narendra Modi who is on a two-day visit to Egypt that started Saturday.
The value of Egyptian imports from India amounted to $4.1 billion in 2022.
Prime Minister Mostafa Madbouli chaired a cabinet meeting on Thursday to discuss proposals for boosting political, economic and trade cooperation with India before an upcoming visit of Indian Prime Minister Narendra Modi to Egypt.
"These two visits in the span of a few months are a reflection of our rapidly evolving partnership with Egypt, which was elevated to a ‘Strategic Partnership’ during President Sisi’s visit.
The meeting took place on the sidelines of the G20 meeting, currently in session in India from June 11 to 13, according to a statement by the Planning Ministry.
The collision left behind several hundreds killed and injured.