Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Turkey’s foreign minister to visit Egypt as relations ‘return to normal’

Egypt's Foreign Minister Sameh Shoukri met Turkey's President Recep Erdogan in Feb 2023. (AFP)
  • At the time, Turkey's President Recep Tayyip Erdogan said he would "never" speak to "anyone" like Egyptian President Abdel Fattah al-Sisi.
  • But in November, Sisi and Erdogan shook hands in Qatar, in what the Egyptian presidency heralded as a new beginning in their ties.

Cairo, Egypt — Turkey’s top diplomat will visit Egypt on Saturday as relations ease after a decade of strained ties, Cairo’s foreign ministry said.

It follows a visit last month by Egypt’s Foreign Minister Sameh Shoukry to Turkey in a show of solidarity after the devastating earthquake that claimed tens of thousands of lives in Turkey and neighboring Syria.

The visit to Cairo by Turkish Foreign Minister Mevlut Cavusoglu will “kick off the return to normal relations between the two countries”, the ministry said.

Relations ran into trouble after the 2013 ouster of Egypt’s Islamist president Mohamed Morsi, an ally of Turkey.

At the time, Turkey’s President Recep Tayyip Erdogan said he would “never” speak to “anyone” like Egyptian President Abdel Fattah al-Sisi.

But in November, Sisi and Erdogan shook hands in Qatar, in what the Egyptian presidency heralded as a new beginning in their ties, and the two leaders then spoke by telephone after the earthquake in February.

A Turkish delegation visited Egypt in May 2021 to discuss “normalization”.

However, while diplomatic exchanges were once frosty, business never stopped — in 2022, Turkey was the largest importer of Egyptian products totaling $4 billion.

But disagreements remain, with Turkey home to Arab journalists critical of their governments, in particular Egyptian media close to the Muslim Brotherhood, a group outlawed by Cairo.

Cairo and Ankara also disagree over Libya, where Turkey has sent military advisers backing forces opposed to Egyptian ally Khalifa Haftar, the eastern based Libyan military strongman.