BRICS
Egypt’s Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, Badr Abdelatty, met on Thursday, with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, on the sidelines of the BRICS Foreign Ministers' Meeting held in New Delhi.
Foreign Minister Badr Abdelatty noted escalating tensions in the Middle East and their negative repercussions on security, stability, international navigation and global supply chains.
The meeting involved foreign ministers of the BRICS and partner countries on the sidelines of a meeting for the bloc’s foreign ministers in New Delhi.
BRICS, an intergovernmental bloc of major emerging economies and developing countries, opened their two-day meeting today amid economic challenges facing the global community.
The meeting comes amid economic challenges facing the global community due to the war in Iran and Middle East escalation, which has sent energy prices soaring, stalled global navigation and disrupted supply chains.
On a separate note, Dr. Abdelatty addressed the ongoing Israeli war on the Palestinian people, which he described as having resulted in an unprecedented humanitarian catastrophe. He held Israel fully responsible for the tragedy unfolding in Gaza and reiterated Egypt’s categorical rejection of any plans aimed at displacing or transferring the Palestinian population from their homeland.
Egyptian Prime Minister Moustafa Madbouli on Monday called for strengthening cooperation among BRICS central banks and enabling financial settlements in local currencies, in line with the BRICS cross-border payments initiative (BRICS Pay).
Kouchouk urged BRICS countries to expand their involvement in tackling the global debt burden, particularly in middle-income nations
Chief Executive Officer of the Egyptian Space Agency (EPA) participated in a meeting of the heads of space agencies of the BRICS countries in Brazil, which holds the bloc's presidency this year's session.
Egypt welcomed Indonesia's accession to the BRICS bloc as a full member and the country's desire to participate in all work axes of the bloc to boost cooperation in different domains of mutual concern.
Egypt is a leading country and one of the largest and most influential economies in North Africa and the Arab League, Russian Foreign Minister Sergey Lavrov told BRICS TV network.
Ambassador Liao expressed his optimism regarding the future of Sino-Egyptian relations, particularly after the recent BRICS summit in Kazan.
The value of Egyptian exports to the Kingdom amounted to about $2.2 billion, reported CAPMAS.
This acknowledgment comes as part of ongoing international recognition for the role both nations have played in addressing climate-related challenges.
BRICS leaders welcomed the ongoing efforts of Egypt, Qatar and other regional and international efforts aimed at reaching an immediate ceasefire, accelerating the supply of humanitarian aid and the withdrawal of Israeli forces from the Gaza Strip.
He also stressed the importance of advancing cooperation frameworks, particularly in financial settlements using local currencies, to establish more balanced and sustainable economic relationships.
Saudi Arabia led the BRICS countries importing from Egypt, with Egyptian exports amounting to $2.2 billion. The UAE followed with $1.8 billion, Brazil with $488 million, Russia with $438 million, India with $343 million, and China with $290 million.
Minister of Foreign Affairs and Immigration Badr Abdel Aty discussed with his Brazilian counterpart Mauro Vieira chances to boost trade exchange and investments.
On the sidelines of BRICS Summit in Kazan, Minister of Foreign Affairs and Immigration Badr Abdel Aty met with his Russian counterpart Sergey Lavrov.
El-Sisi also conveyed his happiness with Egypt’s first-time participation in the BRICS Summit
