The Japan Times - China's Xi to hold talks with Sisi in rare visit to Egypt

EUR -
AED 4.095701
AFN 72.480008
ALL 90.882712
AMD 401.805034
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.622157
AWG 2.007127
AZN 1.900047
BAM 1.951697
BBD 2.245579
BDT 138.86805
BGN 1.948955
BHD 0.420772
BIF 3356.362879
BMD 1.115071
BND 1.428792
BOB 13.374482
BRL 6.138357
BSD 1.114956
BTN 104.659009
BWP 15.359741
BYN 3.339105
BYR 21855.38619
BZD 2.242466
CAD 1.573756
CDF 2586.964483
CHF 0.914881
CLF 0.027698
CLP 1090.127033
CNY 7.444774
CNH 7.440667
COP 3625.685911
CRC 505.646021
CUC 1.115071
CUP 26.76054
CVE 110.842372
CZK 24.346956
DJF 198.170808
DKK 7.480457
DOP 67.740985
DZD 152.081196
EGP 59.957114
ERN 16.726061
ETB 179.75372
FJD 2.514764
FKP 0.826997
GBP 0.834821
GEL 2.893653
GGP 0.826997
GHS 13.029646
GIP 0.826997
GMD 83.077063
GNF 9876.743229
GTQ 8.520088
GYD 233.749058
HKD 8.744552
HNL 30.190584
HRK 7.547925
HTG 146.132606
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.826997
INR 104.869336
IQD 1688.217076
IRR 2108992.359359
ISK 136.919964
JEP 0.826997
JMD 176.947992
JOD 0.790629
JPY 176.744329
KES 144.903869
KGS 97.510486
KHR 4549.488945
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.929309
KZT 499.776184
LAK 25094.667032
LBP 99854.583719
LKR 370.763872
LRD 189.90075
LSL 18.465996
LTL 3.292514
LVL 0.674496
LYD 7.170329
MAD 10.880307
MDL 19.93044
MGA 5123.750363
MKD 61.556144
MMK 2341.596043
MNT 4016.453808
MOP 9.000882
MRU 44.882019
MUR 52.442198
MVR 17.176258
MWK 1936.878232
MXN 20.768572
MYR 4.528864
MZN 71.257178
NAD 18.465992
NGN 1502.23485
NIO 40.823159
NOK 10.548462
NPR 167.454215
NZD 2.010586
OMR 0.428348
PAB 1.115031
PEN 3.838635
PGK 5.008941
PHP 70.369926
PKR 308.456482
PLN 4.399568
PYG 6968.50605
QAR 4.062245
RON 5.343646
RSD 117.7359
RUB 91.352798
RWF 1644.729318
SAR 4.18675
SBD 8.974739
SCR 15.631155
SDG 670.719139
SEK 11.033072
SGD 1.430194
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 637.267002
SRD 41.908265
STD 23079.712667
STN 24.8382
SVC 9.75549
SYP 14498.149201
SZL 18.465983
THB 37.411034
TJS 10.285553
TMT 3.902748
TND 3.329048
TOP 2.684822
TRY 55.9111
TTD 7.561104
TWD 36.546782
TZS 2946.578434
UAH 50.509358
UGX 4560.432794
USD 1.115071
UYU 44.855697
UZS 13380.84906
VES 999.456181
VND 28526.296796
VUV 133.26585
WST 3.098241
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.009331
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.419263
ZMK 10036.978597
ZMW 22.65679
ZWL 359.052318
SSP 6406.300033
MXV 2.336546
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

China's Xi to hold talks with Sisi in rare visit to Egypt
China's Xi to hold talks with Sisi in rare visit to Egypt / Photo: Mohamed Abd El Ghany - POOL/AFP

China's Xi to hold talks with Sisi in rare visit to Egypt

Chinese President Xi Jinping is set to hold talks Wednesday with his Egyptian counterpart on his first visit to Cairo in a decade, under the shadow of looming US sanctions over financial links to Iran.

Text size:

Xi arrived in Cairo Tuesday evening with First Lady Peng Liyuan.

They were received by Egypt's President Abdel Fattah al-Sisi and First Lady Entissar Amer.

On their way off the tarmac, they were greeted by a troupe of folk dance performers and flanked by two rows of teenagers wearing T-shirts bearing photos of Xi.

The two-day visit is expected to see the presidents sign a slate of economic agreements and discuss the fallout from the US-Iran war.

According to analysts, Cairo will use the summit to underscore its strategic autonomy, showing it can leverage its close ties with both Washington and Beijing.

Sisi, in an op-ed published in Egyptian media on Tuesday, highlighted Cairo's "independent foreign policy", days after a branch of Egypt's second-largest bank was targeted by US sanctions.

Washington vowed last month to isolate Iran economically, threatening expanded sanctions that could also hit Chinese banks, among others.

China, a major buyer of Iranian oil, has vowed to safeguard its interests.

In the lead-up to an expected meeting between Xi and US President Donald Trump this month, it has also sought to shore up ties with US-friendly regional nations.

Egypt is one of the largest recipients of US military aid, and historically a key Middle East mediator.

Last week, the US Treasury announced sanctions on the Emirati branch of Egypt's Banque Misr for alleged support to Iran.

- Boosting investment -

In his editorial, Sisi wrote that Egypt and China were partners in "strengthening the role of the global south" in an increasingly polarised world.

Egypt -- which under Sisi's administration became one of the world's top weapons buyers -- hosted major joint air combat exercises with the Chinese military in August, featuring Beijing's powerful J-16 fighter jet.

Across Cairo, a megalopolis home to over 26 million people, major streets have been lined with Chinese and Egyptian flags, as well as billboards showing Sisi and Xi.

Street signs boast of "generations of Egyptian-Chinese friendship flowing like the Nile River", while residents have been warned to plan for substantial traffic delays on their commutes.

Xi is expected to traverse the entire capital during his visit Wednesday, including a stop at the Grand Egyptian Museum overlooking the Giza Pyramids.

In the morning summit, the two BRICS members are expected to sign a series of agreements expanding economic trade, including in artificial intelligence, transport and energy.

Chinese investment has already played a key role in the 12-year-old Sisi administration's massive megaprojects agenda.

It has funded the skyscraper-filled Finance and Business District in the New Administrative Capital, the crowning jewel of Sisi's projects, 50 kilometres (30 miles) east of Cairo.

Beijing also has a major foothold in the Suez Canal Economic Zone, in which Xi and Sisi will discuss expanding investments as the US-Iran war continues to threaten global maritime trade.

China is a major exporter to Egypt, with its trade surplus reaching $12 billion in the first seven months of 2026, according to Chinese customs data.

burs-bha/jsa/ane

S.Yamada--JT