(REUTERS) - Russian President Vladimir Putin arrived in Egypt on Monday for a two-day visit to discuss ways to advance bilateral relations, in addition to regional and international issues of mutual concern, according to a presidential statement.

This is Mr Putin's first visit to Egypt in ten years, and Cairo's busy streets were lined with dozens of posters to welcome the Russian leader on Monday morning.

Egypt, the world's top wheat importer and the second-largest buyer of Russian wheat, has been hit by Russia's decision to curb grain exports as Moscow seeks to cool domestic prices amid an economic crisis.

Russia, the world's second-largest arms exporter, is also seeking to boost military ties with Egypt.

Mr Putin and Egyptian President Abdel Fattah al-Sisi will discuss the situation in Iraq, Syria and Libya as well as the Israeli-Palestinian conflict, the Kremlin said in a statement.