Close Menu
    Korea NewscastKorea Newscast
    • Home
    • Contact Us
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Korea NewscastKorea Newscast
    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
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    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.

    Related Posts

    Oil prices rebound after Brent slides below $93

    August 25, 2026

    Alibaba secures HK$80 billion to expand AI investment

    August 24, 2026

    South Korea launches Arctic container ship trial to Europe

    August 24, 2026

    Japan posts record July trade as imports outpace exports

    August 21, 2026

    Wall Street rises after Treasury expands debt buybacks

    August 20, 2026

    South Korea auto exports reach $6.24 billion in July

    August 14, 2026
    Latest News

    Algeria wildfires kill 12 and injure 54 amid severe heat

    August 27, 2026

    South Korea tourist arrivals reach 2.09 million in July

    August 26, 2026

    Air Arabia sets December start for Sharjah Gdansk route

    August 26, 2026

    European Commission adds PCR support for Ebola outbreak

    August 25, 2026
    © 2026 Korea Newscast | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.