Sudan’s Rapid Support Forces (RSF) have denied responsibility for widespread human rights abuses and rejected claims of receiving support from the United Arab Emirates.
RSF rejects UAE help claims, blames others for Sudan’s tragedy Read More »
Ronald Lamola holds political consultations with Egyptian counterpart Badr Abdelatty
South Africa urges immediate Gaza ceasefire, foreign minister says in Egypt Read More »
Egyptian Foreign Minister Badr Abdelatty held talks in Cairo on Thursday with UN envoy for Sudan Ramtane Lamamra to discuss cease-fire efforts in the war-torn country. Discussions between the two sides dwelt on the Sudanese crisis and ways to solve the conflict there, the Egyptian Foreign Ministry said in a statement. “Egypt is keen on preserving Sudan’s interests and maintaining its territorial integrity,” Abdelatty said. He said Cairo is engaged in regional and international efforts “to reach a cease-fire and settlement in Sudan to end the suffering of the Sudanese people,” according to the statement. The top diplomat voiced concern over the deteriorating humanitarian conditions in Sudan, reiterating Egypt’s commitment to “safeguarding Sudan’s interests, sovereignty and territorial integrity.” At least 12,260 people have been killed and more than 33,000 injured in the conflict that started in April 2023, according to UN figures. The UN has repeatedly warned that Sudan is facing the world’s worst displacement crisis, as the war shows no signs of ending and the threat of famine looms.
Egypt’s top diplomat, UN envoy discuss Sudan cease-fire efforts Read More »
Egypt’s Prime Minister, Mostafa Madbouly, has appealed for increased international support to ensure Egypt can meet its renewable energy targets.
Egypt seeks more aid for climate targets Read More »
Egyptian President Abdel Fattah el-Sisi announced Sunday that he and Malaysian Prime Minister Anwar Ibrahim share a commitment to working toward achieving a cease-fire in Gaza and Lebanon. During a press conference at the presidential palace in Cairo marking 65 years of diplomatic relations between the two countries, Sisi highlighted that he and Anwar agreed to increase cooperation in the coming period. The discussions covered regional and international issues, with both leaders emphasizing the need to pursue efforts to halt the violence in Gaza and Lebanon and to enable the entry of humanitarian aid into Gaza. Sisi noted that over the past year, Egypt has been dedicated to reducing the severe impact of death and hunger in Gaza and aims to prevent the region from facing even wider instability. He also emphasized that the two-state solution remains the only viable path to resolving the crises in the region, calling for a Palestinian state to be established alongside Israel. Anwar indicated his intention to strengthen bilateral ties with Egypt, particularly in trade, investment, education, culture and scientific research. He expressed his concerns over Israel’s blockade on humanitarian aid to Gaza, describing it as part of a broader campaign of violence. Pointing to Israel’s disregard for the United Nations and UN Security Council resolutions, Anwar said Israel should face consequences, including possible expulsion from the UN. Invited by Sisi, his visit to Egypt runs from Nov. 9-12. In a joint statement, the countries announced their intention to strengthen relations by increasing high-level visits. They agreed on the importance of promoting peace and security in the region, condemning the humanitarian crisis in Gaza and calling for an immediate cease-fire to address the suffering there. Additionally, they underscored the need to maintain Lebanon’s sovereignty and territorial integrity.
Egypt, Malaysia agree to work towards cease-fire in Gaza, Lebanon Read More »
Monthly inflation growth remained steady at 1.1% in October, the same rate as the previous month
Egypt’s headline inflation rises to 26.5% in October Read More »
Egypt’s trade relations with Turkey are “very robust and balanced,” reflecting a healthy economic partnership between the two countries, according to Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib. Egypt and Turkey “have highly diversified exports, which strengthen their trade relationship,” Khatib said in an interview with Anadolu. “Turkey is the first export destination to Egypt globally and Egypt is one of Turkey ’s most significant trade partners in Africa, while Türkiye is the top export destination for Egyptian goods,” he added. Khatib landed in Turkey on Monday to attend the opening session of the 40th Ministerial Conference for Trade Ministers of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (OIC). His talks in Turkey aimed at exploring ways to enhance trade and investment relations between Ankara and Cairo. According to the minister, the bilateral trade volume reached $6.9 billion in 2023, with Egypt’s exports at $3.6 billion and imports from Turkey totaling $3.3 billion. By the year-end, he said, the trade volume could reach $8 billion. In September, Egyptian President Abdel Fattah al-Sisi paid a landmark visit to Ankara following a visit by Turkish President Recep Tayyip Erdogan to Cairo in February. During the visit, the two leaders signed 17 new agreements to enhance bilateral cooperation, especially in the fields of trade and investment. They also signed a mutual declaration for the first meeting of the High-level Strategic Cooperation Council between the two countries. Khatib called the mutual declaration a “turning point towards building a new chapter for cooperation between Egypt and Turkey , and exploring new paths for cooperation based on mutual benefits and solidarity.” – New industrial parks Khatib said both Cairo and Ankara agreed to develop two new industrial parks in Egypt. “The first project, located in the New Administrative Capital, will span 2.1 million square meters and is expected to cost $120 million. The second project is located in New October City and will be over 2.6 million square meters,” he added. The minister said that both Egypt and Turkey aim to increase their trade volume to $15 billion within a few years “through improving the infrastructure and business environment for joint venture projects and investments, eliminating any obstacles of trade exchange and investments.” “I am fully convinced and optimistic that the outcomes of this strategic partnership will be witnessed very soon,” the minister said. “The figures for trade volume investment flow and projects are very satisfying and reflect momentum in the mutual relations.” – Key sectors for growth Khatib said both Egypt and Turkey have “very good potential” for growth in the fields of chemicals, petrochemicals, textiles, apparel, automotive, furniture, building materials, pharmaceuticals and medical supplies. “There is significant potential for growth in bilateral trade between Egypt and Türkiye, given their strong industrial and agricultural capabilities,” he added. The minister said trade in services, including telecommunications, tourism and construction, also has “promising” opportunities. “Additionally, expanding the Free Trade Agreement (FTA) to include a wider range of agricultural goods would significantly enhance trade opportunities,” Khatib said. “Turkey is currently Egypt’s largest importer, and increasing access to the Turkish market for Egyptian agricultural products could further improve competitiveness internationally,” he added. “In return, Egypt would benefit from Turkish agricultural products that help meet local demand and stabilize prices.” – Regional challenges On obstacles to advancing trade and investment relations, Khatib pointed to regional instability and disrupted supply chains as significant hurdles. “The ongoing conflicts, instability, and disrupted supply chains in the region pose risks to the global economy, including both our countries,” he noted. Regional tension has escalated due to Israel’s ongoing war on the Gaza Strip, which has killed over 43,400 people, mostly women and children, since last year. The conflict has spread to Lebanon with Israel launching massive airstrikes on the country, killing more than 3,000 people since last year amid cross-border warfare with the Hezbollah group. The conflict has also involved Yemen’s Houthi group, which began to attack commercial ships in the Red Sea in a show of solidarity with Gaza. “Despite these challenges, Egypt has successfully positioned itself as a leading destination for foreign direct investment (FDI),” Khatib said. “In 2023, Egypt was recognized as the top investment destination in Africa for the second consecutive year, capturing 18.6% of Africa’s total FDI, amounting to $52.6 billion. Globally, Egypt ranked 32nd in FDI attraction, with net FDI flows reaching $46.1 billion in 2023/2024.” – Turkish investment in Egypt Khatib said Turkish investments in Egypt reached $3 billion, primarily in the manufacturing and services sectors, employing over 50,000 Egyptians in the textile sector alone. “The Turkish investments in Egypt are growing fast,” he said. “With the increase of Turkish investments in Egypt, which contributed significantly to the Egyptian exports globally, and at the same time, most of the Turkish investors in Egypt import different products from Turkey (raw materials – intermediate commodities). This is reflecting the concept of integration and the mutual benefits.” To support Turkish investors, the Egyptian minister said a specialized unit within the General Authority for Investment and Free Zones (GAFI), Egypt’s government investment arm, will be established, aimed at “providing personalized assistance and resolving any challenges they may encounter.” – Joint ventures in Africa Khatib said there is “wide room for cooperation” between Egypt and Turkey in Africa. “The potential for trade and investment opportunities is huge, especially after the African Continental Free Trade Area (AfCFTA) entered into force and fully implemented,” he said. “Egypt could be an industrial and logistical hub for Turkish products and commodities to access African markets. Construction companies could find a base ground to work together in Africa,” the minister added.
Egypt-Turkey trade relations ‘very robust and balanced’ Read More »
Egyptian Foreign Minister Badr Abdelatty discussed cease-fire efforts in Gaza and Lebanon as well as the crisis in Sudan in a phone call Sunday with US Secretary of State Antony Blinken. The top diplomats discussed efforts to secure an immediate cease-fire in Gaza and to address the sharp deterioration in humanitarian conditions in the enclave, according to a statement from the Egyptian Ministry of Foreign Affairs. Abdelatty reiterated Egypt’s condemnation of Israel’s actions that impede humanitarian aid and block the UN agency for Palestinian refugees (UNRWA) from carrying out its mission. He emphasized the importance of empowering the Palestinian Authority and treating the West Bank and Gaza as a unified Palestinian territory, with a view toward ending the occupation and establishing a Palestinian state. The two officials also addressed political and field developments in Lebanon. Abdelatty stressed the need for international efforts to secure an immediate cease-fire in Lebanon, calm tensions, fully implement UN Security Council Resolution 1701 and provide humanitarian aid in response to Lebanon’s severe crisis. Resolution 1701, adopted on Aug. 11, 2006, calls for a cessation of hostilities between Lebanon and Israel and for the establishment of a demilitarized zone between the Blue Line and the Litani River in southern Lebanon to be patrolled by the Lebanese Army and the United Nations Interim Force in Lebanon (UNIFIL). Abdelatty condemned Israel’s incursions into Lebanese territory and its targeting of UNIFIL in violation of Lebanese sovereignty and international law. Regarding Lebanon’s internal issues, he discussed Egypt’s efforts to resolve Lebanon’s presidential vacancy, underscoring the importance of electing a president without external influence. Since September 2022, Lebanon’s parliament has failed 12 times to elect a head of state. The two men also discussed the deteriorating situation in Sudan and ongoing efforts to secure a cease-fire and ensure humanitarian access. Abdelatty stressed the importance of maintaining Sudanese state institutions, supporting Sudan’s territorial integrity and increasing humanitarian aid. Since mid-April 2023, fighting between the Sudanese army and the paramilitary Rapid Support Forces (RSF) has left more than 20,000 people dead and displaced more than 11 million, according to the UN. International calls are growing for an end to the conflict, which has driven millions toward famine and death amid severe food shortages across 13 of Sudan’s 18 states.
Egypt’s FM, Blinken discuss cease-fire efforts in Middle East Read More »
Egypt seeks further support from the IMF to address economic challenges and accelerate its green transition, with a focus on sustainable development and climate resilience.
IMF to review Egypt’s loan program this week Read More »
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Fitch upgrades Egypt’s rating to B with stable outlook Read More »
