Egyptian President Abdel Fattah el Sisi has welcomed his Emirati counterpart Sheikh Mohamed bin Zayed Al Nahyan in Cairo, his latest meeting with a leader from the oil-rich Gulf amid his country’s economic crisis. Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen official inflation shoot up to nearly 34 percent and the local currency halve in value over the past year.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Russia ‘rejects’ US-led resolution on Hormuz at UN 

Russia’s Permanent Representative to the United Nations, Vasily Nebenzya, has firmly rejected…

Hezbollah member injured in Israeli air strike

A Hezbollah member was injured in an Israeli air strike targeting a…

Blinken defends US Gaza ceasefire veto

US Secretary of State Antony Blinken defended Washington’s decision to veto a…

IMF tax proposals leaving salaried class worse off

The International Monetary Fund (IMF) has proposed taxing the upper middle class…