Skip to content Skip to Search
Skip navigation

Saudi Arabia’s Crown Prince lands in Egypt for two-day state visit

Person, Human, Festival Saudi Press Agency/Handout via REUTERS
Saudi Crown Prince Mohammed bin Salman is received by Egyptian President Abdel Fattah al-Sisi upon his arrival in Cairo, Egypt, June 20, 2022

Egyptian President Abdel-Fattah El-Sisi received Saudi Arabia’s Crown Prince Mohammed bin Salman at Cairo International Airport on Monday night, UAE state news agency WAM reported, citing a statement by Egyptian presidential spokesman Bassam Rady.

El-Sisi and Bin Salman, who is on an official two-day visit to Egypt, will discuss bilateral relations and ways of enhancing them in various fields, as well as regional and international political issues of mutual concern, the statement said.

Bin Salman’s visit to Egypt is his first leg of a three-nation regional tour that includes Jordan and Turkey.

“Upon directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and emanating from his keenness to enhance the Kingdom’s relations with the friendly and brotherly countries as well as in response to invitations extended to HRH the Crown Prince will meet the leaders of these countries to review bilateral relations and ways of enhancing them in addition to discussing issues of common interest, ” the Saudi Court said in a statement carried by the Saudi Press Agency on Monday.

Latest articles

Over 400 global food brands are taking part in the SaudiFood Manufacturing show in Riyadh this month

Saudi Arabia’s food factory count rises to 1,300

The total number of food factories operated by the Saudi Authority for Industrial Cities and Technology Zones (Modon) has reached 1,300, across 36 cities. The increase signifies the growing capacity of the domestic food industry and its localisation efforts, the state-run Saudi Press Agency reported. Food industry companies have recorded a growth rate of more […]

Garden, Nature, Outdoors

UAE commits $50m to development fund

The UAE has committed $50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a multi-donor initiative targeting sustainable economic development in the Islamic Development Bank’s (ISDB) 57 member countries. The funding will be deployed by LLF 2.0 to support critical projects in health and infectious diseases, agriculture, and social infrastructure in low […]

Abu Dhabi’s last debt market activity included a $2 billion bond in May 2021 followed by a further $3 billion in September

Abu Dhabi launches $5bn bond issue after 3 years

Abu Dhabi has initiated $5 billion in a three-tranche bond after a hiatus of three years, according to a media report. The $1.75 billion five-year bond, $1.5 billion 10-year tranche and $1.75 billion 30-year issue was priced at 35, 45 and 90 basis points, respectively, over US Treasuries, fixed income news service IFR reported. Abu Dhabi […]

A square in Cairo

‘Worst is behind us’ in Egypt’s black market dollar war says BMI

The Egyptian government’s priority for 2024 should be to keep the gap between the official and parallel exchange rates for Egypt’s pound and the US dollar as narrow as possible, says BMI Research. In a webinar on Tuesday BMI, a Fitch Group firm specialised in country risk, said that “the worst is behind us” in […]