Gulf
US President Donald Trump is expected to visit Saudi Arabia, Qatar, and the United Arab Emirates in May, White House press secretary Karoline Leavitt said.
Egypt and Kuwait have agreed to advance bilateral economic, investment, and trade relations in a joint statement issued shortly after Egypt’s President Abdel Fattah El Sisi visit to Kuwait as part of his Gulf tour.
Minister of Foreign Affairs Badr Abdelatty headed Thursday to Mecca.
Minister Abdelaaty reviewed the developments in the distinguished relations between the two brotherly countries, and ways to develop bilateral relations in various economic, investment and trade fields, in a way that benefits the two brotherly peoples.
Minister of Foreign Affairs and Immigration Badr Abdelatty met Monday King of Bahrain Hamad Bin Isa Al Khalifa in Manama, delivering the invitation.
President Abdel Fatah El-Sisi received Sunday Kuwaiti Minister of Defense Sheikh Fahad Yusuf Al Sabah to discuss regional affairs.
The message was received by the Crown Prince.
The minister also presented the steps and measures taken by the Egyptian government to improve the investment climate and eliminate obstacles that face investors.
Minister of Foreign Affairs and Immigration Badr Abdelatty began his visit to Kuwait Sunday by meeting Crown Prince Sheikh Sobah Khaled Al-Hamd Al-Mubarak Al Sobah.
President Sisi has been to Doha in September, paying the Gulf state his first visit since he assumed office in 2014.
Furthermore, the Qatar Central Bank also announced raising the lending interest rate by 75 basis points to 4.5 percent, and decided to raise the deposit interest rate by 75 basis points to 3.75 percent.
The press photo released by the Egyptian Presidency showed a portrait of President Sisi hanging on the wall behind him and the crown prince.
Maait expressed his country’s aspiration to transform Gulf deposits in Egypt into real investments that take advantage of the promising development opportunities available in various fields, and the business-stimulating environment.
The Royal Diwan of Saudi Arabia announced Tuesday that U.S. President Joe Biden would attend on July 16 a summit encompassing the heads of state of Gulf Cooperation Council (GCC) countries, as well as Egypt, Jordan, and Iraq.
The ministry said that Egypt has been closely following up on such development on the Yemeni scene.
The move follows an agreement among warring parties in Yemen to hold a two-month truce.
In statements ahead of the launching of the 28th annual meeting of the ERF, Badawi added that the oil prices will continue to rise in the upcoming 10 years.
In a statement on Sunday, the council said the number of Egyptian companies that export food products to Arab Gulf countries reached 764 in 2021.
Minister of Foreign Affairs Sameh Shokry took part Sunday evening in the launching of the Political Consultation Mechanism between Egypt and the Gulf Cooperation Council (GCC) in Riyadh.
Egypt is implementing electrical interconnection projects in the coming period, with capacity of approximately 9 thousand megawatts.
