Egyptian President Abdel Fattah al-Sisi begins a go to to India on Wednesday the place he’ll meet enterprise leaders and be a visitor of honour on the Republic Day parade.
The journey will embody discussions on strengthening financial relations between the 2 international locations and reviewing alternatives for Indian funding in Egypt, an announcement from the Egyptian presidency stated.
Egypt is making an attempt to drum up overseas funding because it tries to handle a greenback scarcity that has led to a pointy depreciation of the Egyptian pound.
Final 12 months it sought assist from energy-rich Gulf allies and the Worldwide Financial Fund after the financial fallout from the warfare in Ukraine exacerbated its underlying challenges.
Cairo has additionally been searching for to forge political and commerce ties past its conventional alliances with the USA and European powers, together with in sub-Saharan Africa and Asia.
(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
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