Morocco Report
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
Reading: Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion
Share
Aa
Morocco Report
Aa
Search
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
© 2022 Morocco Report | All Rights Reserved
Home » Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion
Business

Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion

January 26, 2023
Share
SHARE

Abdel Fattah El-Sisi, president of Egypt, met Prime Minister Narendra Modi today in New Delhi. During this visit, India and Egypt exchanged MoUs on cyber security, culture, information technology, youth affairs and broadcasting. After the meeting, Prime Minister Modi stated that terrorism is the greatest security threat to humanity, and India and Egypt are concerned about its spread.

Bilateral relations have been elevated to strategic partnership, he said. Both countries have plenty of opportunities in the defence sector, Modi said. The India-Egypt strategic partnership can lead to political, defense, and scientific development. According to the Prime Minister, both nations have also agreed to further strengthen defense industry cooperation and increase counterterrorism intelligence exchanges. In five years, Mr Modi predicted $12 billion in bilateral trade between both nations.

Egypt’s president, Abdel Fattah El-Sisi, said Indian investment in Egypt was discussed because the country has many investment opportunities. According to him, both countries discussed enhancing trade and investment cooperation. Egypt and India discussed fighting terrorism and radicalization and increasing defence cooperation.

Egypt’s President arrived in India yesterday evening for a three-day visit. Sisi was the Chief Guest on India’s 74th Republic Day. A ceremonial welcome was accorded to President Sisi at Rashtrapati Bhavan this morning. A number of leaders were present, including President Droupadi Murmu and Prime Minister Modi. In tribute to Mahatma Gandhi, President Sisi laid a wreath at Rajghat. The External Affairs Minister also met with the Egyptian President this morning.

During his speech in the morning, Abdel Fattah El-Sisi said participating in the glorious national day is a great privilege. Egypt-India relations have been characterized by stability and balance. According to Sisi, bilateral relations between the two countries will be strengthened further.

You Might Also Like

The third largest fish producer in the world, India accounts for 8 percent of global production

A gold price peak may be near – and it may last

Credit Suisse and UBS are in talks to merge – FT

Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

In JV with SEG ENERA, AD Ports enters Uzbekistan logistics

Editor January 26, 2023
Share this Article
Facebook TwitterEmail Print
Previous Article OPEC fund loans $120 million to Panama to tackle climate change
Next Article Global growth will slow to 1.9 percent in 2023, warn UN economists

Latest News

An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House
News
Globally, water pollution and sanitation are major problems – UN
News
South Korea opposes North Korean satellite acquisitions
News
Funding drought compels UN food agency to cut rations in Afghanistan
News
Magnitude 7.1 earthquake rocks Kermadec Islands in New Zealand
News
Despite banking turmoil, the ECB continues to hike rates
News

You Might Also Like

News

An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

March 24, 2023
News

Globally, water pollution and sanitation are major problems – UN

March 23, 2023
News

South Korea opposes North Korean satellite acquisitions

March 21, 2023
News

Funding drought compels UN food agency to cut rations in Afghanistan

March 18, 2023

© 2022 Morocco Report | All Rights Reserved

  • Home
  • Contact Us
Welcome Back!

Sign in to your account

Lost your password?