India and Egypt will seek to deepen military cooperation, including between their defence industries, India’s foreign secretary said on Wednesday.
Egyptian President Abdel Fattah el-Sisi has kicked off a three-day visit to India to shore up relations with a historic ally, as Cairo grapples with a severe economic crisis and looks east for financial relief.
Egyptian President Abdel Fattah Al-Sisi met CIA Director William Burns in Cairo on Monday to discuss security cooperation between the two countries and ways to strengthen it.
The 25 January marks the 12-year anniversary of the Egyptian contribution to the Arab Spring, an 18-day national uprising that led to the ousting of 30-year dictator Hosni Mubarak.
Egypt is currently facing a severe economic crisis, as the Egyptian pound has lost half of its value since March of last year, and inflation has jumped to 24.4 percent according to official figures.
As the Egyptian economy falters, Sisi is turning to the Chinese government for support.
In 2019, I wrote that, given its current course, Egypt would soon be facing bankruptcy and a failure of the state’s ability to provide basic services for its citizens.
Egypt’s presidency has issued instructions to governors and ministers to “urgently address the crisis of the shortage of basic foodstuffs” for fear of a new wave of protests in the country, Al-Araby Al-Jadeed newspaper reported.
The Egyptian president is due to visit New Delhi at the end of January. The visit, which comes after the signing of a series of new partnerships between Egypt and India, could produce more new announcements.
Egypt’s President Abdel Fattah Al-Sisi has vowed to reduce the military’s undue influence over the country’s economy as part of a new $3 billion International Monetary Fund (IMF) bailout. The package of measures that will be introduced will address Cairo’s economic woes including a foreign currency crisis, a weakening pound …