The Arab Investors Union has highlighted the growing economic relationship between Egypt and Russia, with bilateral trade reaching $10 billion. The union's president, Dr. Huda Yessy, emphasized that the relationship has gained significant momentum under Egyptian President Abdel Fattah El-Sisi and Russian President Vladimir Putin. The two leaders have exchanged visits and met on the sidelines of international conferences, fostering a strategic partnership between the two nations.
Dr. Yessy noted that Egypt and Russia share a common vision to support international peace and stability by promoting strategic balance and securing global supply chains. She also highlighted the importance of cooperation in addressing cross-border challenges, such as terrorism and extremism. The two countries have collaborated in evacuating citizens and handling regional humanitarian crises, demonstrating their close ties.
Egypt plays a crucial role as a gateway for Russian food exports to African and South Asian markets. The Suez Canal and Northern Trade Routes offer complementary trade channels, enhancing the resilience of international trade in the face of climate and geopolitical disruptions. Dr. Yessy emphasized the significance of this cooperation in promoting economic stability and peace.
The Arab Investors Union president also highlighted the rapid growth in Egyptian-Russian economic relations, which are expanding into a broader strategic partnership encompassing trade and industry. Egyptian exports to Russia include food, vegetables, and fruits, while imports from Russia comprise wheat and refined petroleum products, such as diesel.
Dr. Yessy stressed the importance of building bridges of cooperation to secure a better future for all nations. She emphasized that economic cooperation is the driving force behind politics and that supporting economic exchange and joint projects is essential for promoting peace among nations. The union's participation in international events aims to foster greater understanding and cooperation between nations.
The Arab Investors Union is organizing the Arab-African Investment Summit and International Cooperation Conference in Egypt's Luxor Governorate from October 18 to 22, 2026. The event will bring together 43 countries, with the Arab League and Egyptian government as co-sponsors. Dr. Yessy invited participants to attend the summit, which aims to promote economic and investment cooperation between Arab and African nations.
Dr. Yessy concluded by emphasizing the significance of people-to-people diplomacy in building direct communication channels between communities and nations. She highlighted the importance of cultural, educational, and trade exchanges in promoting mutual understanding and cooperation. The conference in Moscow, held shortly before the International Day of Peace, underscored the role of cultural and humanitarian cooperation in promoting peace and stability.
Key points
- Egypt and Russia have strengthened economic ties, with bilateral trade reaching $10 billion.
- The two nations cooperate on food, energy, and infrastructure, promoting strategic balance and securing global supply chains.
- The Arab Investors Union is hosting the Arab-African Investment Summit in Luxor, Egypt, from October 18 to 22, 2026.
