Awarded the highest medal, Modi's first visit to Egypt, India | Prime Minister | Egypt
According to Agence France Presse, Indian Prime Minister Narendra Modi held a meeting with Egyptian President Abdul Fatah al Sisi in Cairo on June 25th. This is a rare visit, during which both sides pledged to deepen their strategic partnership.
According to the report, this is Modi's first visit to this North African country, which has been in power since 2014. Previously, he had just finished his four-day visit to the United States.
Sisi awarded Modi the highest national honor of Egypt - the Nile Medal. The two leaders announced their joint commitment to strengthening relations. According to the Cairo Presidential Office, this will include "increasing high-level visits" and providing convenience for direct flights between the two capitals.
On June 25th, Egyptian President Sisi awarded Indian Prime Minister Namodi the Nile Medal in Cairo.
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A spokesperson for the Egyptian President said that Modi and Sisi "signed a joint statement elevating the relationship between the two countries to a strategic partnership.". This was first announced by both countries during Cesi's visit to New Delhi in January this year.
According to reports, India and Egypt have pledged to increase bilateral trade by billions of dollars, while India is also increasing investment in Egypt, especially in renewable energy. According to data from the Central Bank of Egypt, India is Egypt's seventh largest trading partner, with a trade volume of $7 billion between the two countries last year.
The report mentioned that Egypt has experienced a prolonged economic crisis, with the Egyptian currency depreciating by half in the past year. In recent months, the government has taken action to diversify foreign investors, including Gulf countries and China.