INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Erdogan to meet Egyptian President al-Sisi soon, says Turkish minister

Relations ran into trouble after the 2013 ouster of Egypt's Islamist president Mohamed Morsi, an ally of Turkey. (AFP)
  • Turkey's foreign minister said his country wants to restore diplomatic relations with Egypt at the highest level.
  • Egyptian foreign minister Sameh Shoukry visited Turkey in February after the deadly earthquake as a mark of solidarity

CAIRO, EGYPT – Turkey’s top diplomat said on Saturday President Recep Tayyip Erdogan and Egyptian President Abdel Fattah al-Sisi would meet to mark the end of a decade of estrangement between the two countries.

Turkish Foreign Minister Mevlut Cavusoglu, speaking alongside his Egyptian counterpart Sameh Shoukry during a visit to Cairo, said Ankara wanted “to restore diplomatic relations between the two countries at the highest level”.

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

“It is possible that we will disagree in the future, but we will do everything to avoid breaking our relations again,” Cavusoglu said.

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

At the time, Erdogan said he would “never” speak to “anyone” like 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 February 6 earthquake.

Cavusoglu on Saturday said the meeting between Erdogan and Sisi would take place “after the Turkish elections”, including the presidential vote slated for May 14.

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.