El Sisi
Egypt’s President Abdel Fattah El-Sisi is expected to receive on Monday President of the State of Eritrea Isaias Afwerki during his official visit to Egypt.
El-Sisi described the discussions as constructive and comprehensive, covering regional and international developments as well as opportunities to deepen bilateral ties.
On economic reform, El-Sisi highlighted legislative and fiscal measures designed to strengthen the business environment and attract private investment.
El-Sisi noted that the world is facing mounting challenges to development amid rapid global economic and political changes, stressing the importance of intensifying international efforts to address these challenges through dialogue and cooperation.
El-Sisi urges U.S. firms to invest in Egypt, proposes American industrial zone in SCZone, pledges full support to investors.
The meeting also reviewed progress on major energy initiatives, including the El-Dabaa Nuclear Power Plant, a cornerstone of Egypt’s energy diversification strategy.
He also stressed the importance of advancing cooperation frameworks, particularly in financial settlements using local currencies, to establish more balanced and sustainable economic relationships.
El-Sisi outlined the significant progress Egypt has made since the turbulent events of 2011, which left the country grappling with severe economic conditions and widespread security instability.
The crown prince’s visit comes amid growing speculation about new significant Saudi investments in Egypt, particularly as Prime Minister Mostafa Madbouly revealed in September that Saudi Arabia is seeking to invest in the country.
At the center of this process is the role of the President, Abdel Fattah El-Sisi, who holds the authority to appoint the Prime Minister.
This summit acts as a platform for discussing the goals of the African continent in collaboration with the IDA, an organization affiliated with the World Bank that is renowned for providing low-interest financing and grants on a global scale.
This consolidation involves merging the budgets of all 59 economic entities within the state budget Itself, as approved by Members of Parliament in the previous month.
Maait further explained that the state budget aims to achieve an initial surplus of 3.5 percent and gradually reduce the overall deficit to 6 percent of the GDP in the medium term.
Under the theme of “Mobilizing Private Sector Financing for Climate and Green Growth in Africa,” the meetings aim to explore practical ways to support and boost Africa’s climate financing
Sisi wished the Iraqi premier and people security, stability and peace.
The new board, to remain in office for three years, will be headed by the president of the country.
Egyptian president Abdel Fatah al-Sisi approves that Luxor becomes the capital of arts and culture during a period running from March 15 to March 18.
Yemeni President Abdrabbuh Mansour Hadi sent a cable of condolences to Egyptian President Abdel Fattah El Sisi over Sinai terror attack on Friday.
Lebanese President Michel Aoun sent a cable to Egyptian President Abdel Fattah El Sisi to sternly deplore the heinous terrorist attack on Al Rawda mosque.
(RFI) on Monday highlighted the vital role played by President Abdel Fattah El Sisi in restoring Egypt's status in te Arab world since taking office in 2014.
