This came during their joint press conference at Ittihadiya Palace in Cairo following their talks.

During the press conference with his Algerian counterpart, President El-Sisi revealed that Egypt had been working for the past few days on a ceasefire initiative where for two days four Israeli captives are exchanged for a number of Palestinian prisoners as a starting point for a longer ceasefire.

He reasserted Egypt’s long-standing position against any attempt to displace Palestinians from the Gaza Strip.

Furthermore, the Egyptian president said Egypt and Algeria underscored the urgent need for a ceasefire in Lebanon to ensure the conflict does not spiral into a regional war. They also agreed to exert efforts to bring about stability in a highly turbulent region, he stressed.

El-Sisi warned that a wider regional war “could bring even greater dangers than what we are currently witnessing."

For his part, Algerian President Abdelmadjid Tebboune asserted that the Gaza Strip is experiencing a full-scale genocide, emphasizing the importance of reaching a truce.

Tebboune also noted that due to its geographical proximity, Egypt is the Arab country most affected by the ongoing events in Gaza.

He saluted the resilience of the Palestinian people, who endured unimaginable hardships to remain on their land, steadfastly refusing displacement.

The Algerian president highlighted that Algeria is collaborating with Egypt to solve this crisis, expressing gratitude to President El-Sisi for Egypt’s efforts to broker a ceasefire that would allow the entry of essential supplies to Gaza as a step toward a lasting resolution.

Moreover, Tebboune emphasized that a final solution can only be achieved when Palestinians gain full autonomy over their lands, possibly under the supervision of friendly and allied nations such as Egypt, without introducing new forces to govern Gaza after all that has occurred.

He said that as a current member of the UN Security Council, Algeria is making every possible effort to resolve the situation in Gaza or at least stop the genocide faced by the Palestinian people.

Sudan and Libya

El-Sisi stressed the need for an established government in Sudan that can lead the country toward elections and ensure stability.

He pointed out that Egypt and Algeria share a mutual stance on non-interference in Sudan’s internal affairs, seeking to ease tensions to the greatest extent possible.

Regarding the crisis in Libya, El-Sisi underscored the necessity for a government capable of organizing elections that would bring forth a legitimate leadership to take responsibility for the nation.

He reaffirmed that Egypt supports this path and is prepared to cooperate to achieve Libya’s unity and stability, a principle firmly upheld by Egypt.

Tebboune also echoed the same view stressing that the solution can only come from a Libyan-led process through elections.

The Algerian President expressed his sorrow over the situation in Sudan, stating, “What is happening in Sudan deeply pains us, and we stand for establishing consensus among our compatriots.”

He added, “We are very saddened by the events unfolding among our brothers in Sudan. What is happening there is unacceptable in our religion and our morals.”

He concluded by saying, “Algeria and Egypt will never intervene among our brothers in Sudan except for the sake of reconciliation while those who fuel the dispute in Sudan will face their reckoning with God.”

Economic cooperation

El-Sisi announced that the ninth session of the Egypt-Algeria Joint Committee will be held in Cairo soon.

He stated that the committee would expand on areas for joint cooperation between the two countries as the scope for collaboration is substantial, whether in investments or joint projects.

El-Sisi also pointed out that Egyptian companies are well received in Algeria when investing or implementing projects, adding that Egypt has over five thousand companies capable of working across various sectors in infrastructure projects.

These projects include energy, power stations, water facilities, tunnels, roads, bridges, and housing, with the large number of companies enabling experience exchange with Algeria.

From his side President Tebboune affirmed that Egypt and Algeria shared desire for cooperation and new investments."

He stated that Algeria considers Egypt its largest trading partner in the region, with Algerian imports from Egypt reaching approximately one billion dollars.

He highlighted the expansion of investments in the energy sector and gas exploration in Algeria's southern and offshore areas.

Tebboune also pointed out that Egyptian companies, known for their efficiency and achievements, have been active in Algeria, notably through projects carried out by Arab Contractors.

He also announced that Algeria is opening its doors to Egyptian companies, especially in the field of new city construction, emphasizing that Egypt’s experience in this area speaks for itself.

Cairo is considered the first stop for Tebboune before another stop in Muscat, Oman.

A record in Egyptian-Algerian economic relations
 

Bilateral trade between Egypt and Algeria has shown steady growth in recent years, with trade exchanges reaching approximately $1.2 billion in 2023, compared to $1 billion in 2022 -- a 15 percent increase.

According to Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS), Egyptian exports to Algeria totalled around $850 million in 2023.

Key Egyptian exports to Algeria include agricultural products such as citrus fruits, potatoes, and fresh produce; chemical products, particularly fertilizers and agrochemicals; building materials such as cement and sanitary wares; and food products such as sugar and cooking oils.

Meanwhile, Egyptian imports from Algeria amounted to about $400 million in 2023. Major imports include natural gas, refined petroleum products such as fuel and industrial oils, and dates, Algeria being one of the world’s largest date producers.

Egyptian companies are also involved in development projects within Algeria’s petroleum sector. According to Algeria's Ministry of Energy, Egypt is a significant partner in several projects and imports roughly $200 million worth of natural gas from Algeria annually.

Egyptian companies in Algeria also have substantial investments in construction materials such as cement and steel.

For instance, Egypt's construction giant, Arab Contractors, works on major projects in Algeria valued at over $100 million, and Egyptian firms contribute to Algeria’s pharmaceutical and chemical products sectors.