India
With these new ventures, Indian investments in Egypt are projected to reach around $5 billion by next year, an increase from the current $3.5 billion.
As part of this initiative, a delegation from the carbon black company will visit Egypt to assess potential factory locations.
GAFI Chairman met Sunday with Managing Director and CEO of Invest India Nivruti Rai and representatives of major Indian companies.
Minister Plenipotentiary Yehia El Wathek Billah, Head of the Egyptian Commercial Representation, stressed the importance of the growing strategic partnership between Egypt and India during his speech at the 19th India-Africa Business Conference, organized by the Confederation of Indian Industry.
The group aims to export its production to the Middle East, Africa, and Europe in addition to India.
Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the members of the council where they discussed various matters.
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.
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