Cairo hosts Egypt-India BRICS partnership conference on development finance, trade and economic integration

Source: جريدة المال | Original Published At: 2026-08-16 15:28:50 UTC

Key Points

• Cairo hosted the conference 'Egypt-India Partnership within BRICS: Toward a Shared Vision for the Global South,' organized by the Indian Embassy in Cairo with the Indian Council of World Affairs.
• The event was held as part of preparations for the BRICS 2026 summit hosted by India.
• Participants discussed the future of cooperation inside BRICS, including its role in global governance, development finance, trade, investment, technology, innovation and Global South partnerships.
• Discussions emphasized that BRICS success should be measured by concrete results, including more efficient development finance, productive investment, more integrated trade and shared production and value chains.
• The conference examined economic integration between Egypt and India, combining India's capital, technology, manufacturing capacity and large market with Egypt's strategic location, industrial capacity, Suez Canal and trade agreements linking African, Arab and European markets.
• A session on development finance, trade and investment featured Egyptian and Indian experts, including Dr. Medhat Nafea, Dr. Mohamed Fouad and Dr. Mounir Badr, moderated by former Indian deputy foreign minister and former India representative to BRICS Damu Ravi.
• Speakers highlighted expanding the use of local currencies in BRICS trade and finance to reduce transaction costs and foreign-currency pressures, and called for developing financing tools within the BRICS grouping.