Iranian Finance Minister, Ehsan Khandouzi, has met with his Egyptian counterpart, Mohamed Maait, as the two sides agree on setting up a committee for implementation of the joint projects.
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Iranian Finance who has traveled to Cairo to participate in the meeting of the Asian Infrastructure Investment Bank (AIIB), met with the top Egyptian official on Monday.
It was the first meeting of its kind in nearly a decade.
Khandouzi said Iran is determined to expand relations with the neighboring and regional countries.
Pointing to the vast capacities of Iran and Egypt, the minister said Tehran was ready to bolster relations of cooperation in the AIIB, the Islamic Development Bank, a joint bank and shipping company between the two states, as well as in the exchange of pharmaceutical technology and medical equipment.
The Egyptian finance minister, for his part, said Cairo puts a premium on the proposals made by his Iranian counterpart.
Maait said Egypt also attaches importance to enhanced relations with Iran and expressed hope the two countries would witness the improvement of ties in the near future.
In a post on his X account, Khanduzi hailed as “constructive” the talk with his Egyptian counterpart. “The capital of Iran-Egypt bank will be increased soon.”
He expressed hope his meeting with Maait would help revive cooperation and promote the economic-diplomacy policy of the Iranian administration.
The Iranian finance minister arrived in the Egyptian capital on Sunday at the head of a high-ranking trade and economic delegation to take part in the annual meeting of the economy ministers of the AIIB.