Tehran (IP)- Egyptian President has met Saudi Arabia’s Crown Prince in the kingdom’s Red Sea city of Jeddah as Cairo tries to find a way out of the severe financial crisis.

Iran PressMiddle East: Abdel Fattah al-Sisi  Mohammed bin Salman met on Monday to discuss joint cooperation and regional developments, Reuters reported, citing Saudi state media. 

Other Saudi and Egyptian officials, including Saudi national security adviser Musaad bin Mohammed al-Aiban and Egypt’s intelligence chief Abbas Kamel, attended the meeting, it added.

Saudi Arabia has been providing substantial financial support to keep the Egyptian economy afloat and has repeatedly come to Cairo’s aid since al-Sisi took power after leading the overthrow of democratically elected President Mohamed Morsi in 2013.

Saudi Arabia and other Gulf countries made deposits in Egypt’s central bank and pledged major new investments when Egypt’s financial difficulties were exposed and exacerbated by the fallout from the Ukraine war last year.

But al-Sisi’s visit comes after Riyadh signaled that it would no longer provide financial support to its allies without conditions attached. 


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