Page 8 - Egypt

India's renewed relations with Egypt: A perspective of 2 developing nations

The visit of Egypt's President Abdel Fattah El-Sisi to India as a guest of honour in India's Republic Day celebrations came at a crucial time for the two developing nations decades long partnership

Egyptian President Abdel Fattah El-Sisi witnesses Republic Day parade

Egyptian President Abdel Fattah El-Sisi on Thursday joined a select group of world leaders to have graced India's Republic Day celebrations. Sisi, as the chief guest at the Republic Day celebrations, watched the colourful parade at the majestic Kartavya Path along with President Droupadi Murmu, Prime Minister Narendra Modi and a host of other leaders. It was the first time that an Egyptian president is the chief guest at the Republic Day celebrations. Sisi held wide-ranging talks with Modi on Wednesday, a day after he arrived here on a three-day visit. Every year, India invites world leaders to attend its Republic Day celebrations. There was no Republic Day Chief guest in 2021 and 2022 in view of the COVID-19 pandemic. In 2020, then Brazilian President Jair Bolsonaro was the chief guest at the Republic Day celebrations. In 2019, South African President Cyril Ramaphosa was the chief guest at the Republic Day parade, while in 2018, leaders of all 10 ASEAN countries attended the ..

Modi hold talks with Egyptian Prez Sisi, focuses to improve bilateral ties

Prime Minister Narendra Modi on Wednesday held wide-ranging talks with Egyptian President Abdel Fattah El-Sisi, focusing on ways to enhance bilateral ties in a range of areas, including agriculture, digital domain, culture and trade. The 68-year-old influential Arab leader, who arrived here on Tuesday on a three-day visit, is the chief guest at the Republic Day celebrations. "Deepening our bond with Egypt -- the natural bridge that connects Asia with Africa. PM @narendramodi and President @AlsisiOfficial hold talks adding momentum to the multifaceted India-Egypt relations marked by civilisational, cultural & economic linkages and deep-rooted P2P ties," External Affairs Ministry spokesperson Arindam Bagchi tweeted. The Egyptian president visited India in October 2015 to participate in the third India-Africa Forum Summit. This was followed by his state visit in September 2016. This is the first time that the Egyptian president has been invited as the chief guest to India's Republic .

Egyptian President Abdel Fattah al-Sisi heads to India amid investment push

Egypt is trying to drum up foreign investment as it tries to manage a dollar shortage that has led to a sharp depreciation of the Egyptian pound

India eyes economic, military ties with Egypt during El-Sisi's visit

The Egypt President being chief guest at the Republic Day parade portends a beneficial partnership

India, Egypt carry maiden joint exercise among special forces in Rajasthan

The first-ever joint exercise between the special forces of the Indian Army and the Egyptian Army named "Exercise Cyclone-I" is underway in Rajasthan, according to an official statement. The exercise, which began on January 14, is aimed at bolstering defence cooperation between the two nations and focus on sharing professional skills and interoperability of the special forces in desert terrain while undertaking counter-terrorism, reconnaissance, raids and other special operations, the statement added. This is the first exercise of its kind bringing the special forces of both the nations on a common platform. "The 14-day exercise which is being carried out in the deserts of Rajasthan engages both the contingents to advance special forces skills such as sniping, combat free fall, reconnaissance, surveillance and target designation, sharing of information on weapons, equipment, innovations, tactics, techniques and procedures," the release said. The participants would also undertake jo

Egyptian Prez, 180-member military contingent to be part of Republic Day

Abdel Fattah El-Sisi is scheduled to arrive in New Delhi on January 24 and will be greeted by Minister of State for External Affairs Rajkumar Ranjan Singh

Joint exercise between special forces of India, Egypt underway in Rajasthan

The first-ever joint exercise between the special forces of the Indian Army and the Egyptian Army named "Exercise Cyclone-I" is underway in Rajasthan, according to an official statement. The exercise which began on January 14 is aimed at bolstering defence cooperation between the two nations and focus on sharing professional skills and interoperability of the special forces in desert terrain while undertaking counter-terrorism, reconnaissance, raids and other special operations, the statement added. This is the first exercise of its kind bringing the special forces of both the nations on a common platform. "The 14-day exercise which is being carried out in the deserts of Rajasthan engages both the contingents to advance special forces skills such as sniping, combat free fall, reconnaissance, surveillance and target designation, sharing of information on weapons, equipment, innovations, tactics, techniques and procedures," the release said. The participants would also undertake join

WEF 2023: ReNew Power explores green hydro project in India, Egypt

The firm, which now generates nearly 1.8% of India's total electricity annually, has a total capacity of 13 Gigawatts (GW) of wind and solar, including projects in the works

India, Egypt to hold first-ever exercises with special forces: Ambassador

Talking about the bilateral trade target, Ambassador said that the $12 billion doesn't represent the potential of both of the countries

Egypt's annual headline inflation increased to 21.9% in December 2022

The increase in prices of basic commodities was behind the rise in the monthly inflation rate: CAPMAS said

Egypt's inflation surges on amid currency's dramatic slide, say statistics

Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country's statistics bureau said on Tuesday. The state-run Central Agency for Mobilisation and Statistics released figures showing that the annual inflation was at 21.9 per cent last month, up from 19.2 per cent in November. That's compared to 6.5 per cent in December 2021, before inflation ballooned in 2022, following the outbreak of Russia's war on Ukraine that rattled the world economy. Prices in Egypt rose across many sectors, from food items and medical services to housing and furniture. Food prices increased by 4 per cent on the average in December, with fruits and dairy products leading the list with 7.6 per cent and 6.4 per cent spikes, respectively. The higher inflation has inflicted heavy burdens on consumers, especially lower-income households. Nearly 30 per cent of Egyptians live in poverty, according to official figures. Most of Egypt's mo

Firm says cargo vessel 'MV Glory' ran aground in Egypt's Suez Canal

A cargo vessel ran aground in Egypt's Suez Canal on Monday, a canal service firm said. Leth Agencies said the vessel, MV Glory, ran aground near the city of Qantara, in the Suez Canal province of Ismailia. The firm said canal rigs are currently trying to refloat the vessel. A spokesman for the Suez Canal Authority did not respond to calls seeking comment.

Egypt's Suez Canal registers record revenue of $7.9 billion in 2022

Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said

IMF approves $3-bn loan to Egypt amid high inflation, forex funds shortage

The International Monetary Fund (IMF) has said that its executive board had approved a loan to Egypt of about $3 billion over 46 months

IMF approves deal to provide $3 bn support package to cash-strapped Egypt

The International Monetary Fund has approved a deal that will provide a USD 3 billion support package to cash-strapped Egypt over a period of almost four years, with the agreement expected to draw in additional USD 14 billion in financing for the Middle East country. The announcement from the IMF's executive board late on Friday comes after a preliminary agreement was reached in October between Egypt and the fund, hours after Egypt's central bank introduced a series of reforms, including a hike in key interest rates by roughly 2 percentage points. The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine, events that have played havoc with global markets and hiked oil and food prices worldwide. Egypt is the world's largest wheat importer, most of which came from Russia and Ukraine. The country's supply is subject to price changes on the international market. The deal announced on Friday known as an Extended Fund Facility Arrangement is expected to

COP27: A mirage in the desert

We cannot be parties to this procrastination and lack of intent

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

Egypt president al-Sisi to be India's chief guest at Republic Day event

Egypt's President Abdel Fattah al-Sisi will be the chief guest at the Republic Day celebrations in January, the Ministry of External Affairs said on Sunday. "This is the first time that the President of the Arab Republic of Egypt will be the Chief Guest at our Republic Day," the MEA said in a statement. Prime Minister Narendra Modi had sent a formal invitation to al-Sisi which was handed over to the Egyptian president by External Affairs Minister S Jaishankar on October 16. Both countries are celebrating the 75th anniversary of the establishment of diplomatic relations this year. Egypt has been invited as a 'Guest Country' during India's Presidency of G-20 in 2022-23, the statement said. "India and Egypt enjoy warm and friendly relations based on civilisational and deep-rooted people-to-people ties," the statement said. Leaders of friendly nations have graced the Republic Day celebrations since 1950, when the then Indonesian President Sukarno was invited as the chief guest. In 1

Egypt govt announces freedom, mass pardon for 30 jailed activists

Egypt has announced the release of 30 political activists from jail, the latest in a series of mass releases from detention amid intensifying international scrutiny over the country's human rights record. There was no immediate word on the identities of the activists and it was not immediately possible to confirm how many of them have already been freed. The announcement came from Tarik el-Awady, a member of Egypt's presidential pardon committee, late Thursday. He said the 30 had been in pre-trial detention, facing charges related to their "opinions". El-Awady later posted photographs, describing them as showing several of the freed detainees hugging family members and friends. Since 2013, Egyptian President Abdel-Fattah el-Sissi's government has cracked down on dissidents and critics, jailing thousands, virtually banning protests and monitoring social media. Human Rights Watch estimated in 2019 that as many as 60,000 political prisoners are incarcerated in Egyptian prisons, many .