The Latest: Russian, Egyptian ministers meet in Cairo


Save Story
Leer en español

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

CAIRO (AP) — The Latest on developments in Egypt (all times local):

7 p.m.

Russian and Egyptian foreign and defense ministers have met in Cairo to discuss a range of issues including terrorism, Libya and the resumption of flights suspended since 2015 terrorist attack.

President Abdel-Fattah el-Sissi, his Defense Minister Sedki Sobhi, and Foreign Minister Sameh Shurki held meetings on Monday with counterparts Sergey Shoygu and Sergey Lavrov.

"The talks tackled ways to combat this phenomenon," Shurki said. He added that Russia and Egypt will continue to speak against countries harboring terrorists and providing militants a "safe haven." He said that militant groups are using Libya as a "staging ground to threaten Egyptian national security."

Egypt has been hit with a wave of terrorist attacks since 2013, following the military ouster of Islamist President Mohammed Morsi, with the Islamic State group focusing on Coptic Christians, Egypt's vulnerable minority.

___

3:35 p.m.

Egypt has announced a $2.49 billion package of income tax discounts, bonuses for state employees, increased pension payments and cash subsidies for lower and middle income Egyptians to cope with soaring inflation.

The Cabinet said in a statement Monday the package will go into effect July 1.

The measures are partially designed to defuse discontent over steep prices hikes for food, medicine and services resulting from reforms introduced in November, including floatation of the Egyptian pound, the introduction of value added tax and partial lifting of subsidies on fuel.

The reforms, part of a deal to secure a $12-billion loan from the International Monetary Fund, sent inflation soaring to more than 30 percent.

More of the subsidies on fuel and electricity are scheduled to be lifted this summer.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast