Egyptian President Abdel Fattah el-Sisi met with US envoy Amos Hochstein in Cairo on Sunday, 20 September 2026, to discuss the ongoing crisis in Sudan and recent developments in the African Horn. The meeting comes amid escalating tensions in the region, with Egypt seeking to play a key role in stabilizing the area. According to sources, the two leaders discussed ways to address the crisis and promote peace and stability in the region.
During the meeting, President Sisi emphasized the importance of establishing a ceasefire in Gaza and promoting stability in the region. He also highlighted the need to ensure freedom of international navigation, a critical issue for Egypt's economy. The President's comments reflect Egypt's commitment to regional stability and its role as a key player in promoting peace and security.
The crisis in Sudan has been a major concern for Egypt, with the country hosting millions of Sudanese refugees. Egypt has been working closely with international partners to address the crisis, including the United States. The meeting between President Sisi and envoy Hochstein is seen as a significant step in strengthening cooperation between the two countries on regional issues.
The Egyptian economy has been impacted by the crisis in Sudan, with trade and investment affected by the instability. However, Egypt's economy has shown resilience, with the country's central bank expected to maintain interest rates. A recent report by a banking expert suggested that the central bank may keep interest rates unchanged, citing a stable economic outlook.
In other economic news, the trade exchange between Egypt and Russia has reached $10 billion, according to the Arab Investors Association. The two countries have been strengthening economic ties, with Egypt seeking to increase trade and investment with Russia. The growth in trade has been driven by increased cooperation in various sectors, including energy and infrastructure.
The price of gold in Egypt has increased by 120 pounds per gram over the past week, according to market reports. The rise in gold prices has been driven by global economic trends and fluctuations in the value of the US dollar. The price of the dollar has been relatively stable, with a slight increase against the Egyptian pound on Sunday.
Egypt's tax authority will participate in a meeting of BRICS experts in India, scheduled for Monday, 21 September 2026. The meeting will discuss issues related to taxation and economic cooperation among BRICS countries. Egypt's participation in the meeting reflects its growing engagement with emerging economies and its efforts to strengthen economic ties with key partners.
Key points
- Egypt's President Sisi met with US envoy Amos Hochstein to discuss the crisis in Sudan and developments in the African Horn.
