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Egypt’s Sisi heads to India amid investment push

Egypt’s Sisi heads to India amid investment push

EGYPTIAN President Abdel Fattah al-Sisi begins a visit to India where he will meet business leaders and be a guest of honour at India's January 26 Republic Day. The trip will include discussions on strengthening economic relations between the two countries and reviewing opportunities for Indian investment in Egypt, a statement from the Egyptian presidency said. Egypt is trying to drum up foreign investment as it tries to manage a dollar shortage that has led to a sharp depreciation of the Egyptian pound. Last year it sought help from energy-rich Gulf allies and the International Monetary Fund after the economic…
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