Country: Egypt

Egypt suggests Arab League as mediator in Ukraine conflict

Arab countries are willing to mediate between Russia and Ukraine to achieve an urgent halt of military operations in Ukraine, Egypt’s Foreign Minister Sameh Shoukry said on Monday. Shoukry made the remarks in a press conference in Moscow for the liaison group of the Arab League (AL), which was formed during the 157th session of the […]

Saudi transfers $5 billion to Egypt

Saudi Arabia has deposited $5 billion in Egypt's central bank, the Saudi state news agency reported on Wednesday, as the Egyptian economy faces new economic pressures as a result of the war in Ukraine.On March 21 Egypt devalued its currency by around 14% after investors had pulled billions of dollars out of Egyptian treasury markets. […]

Boris Johnson in talks with Sisi on Ukraine, other things

During a phone call from British Prime Minister Boris Johnson, President Abdel Fattah El-Sisi affirmed “Egypt’s readiness to make any possible efforts to maintain peace and stability around the world.” According to a presidential statement, the phone call touched upon “a review of ways of coordinating efforts between Egypt and Britain regarding various international files,” […]

France to replace Ukraine wheat imports for Egypt

France will ensure that Egypt gets the wheat it needs in the coming months as the war in Ukraine creates supply risks for grain importing countries, French Finance Minister Bruno Le Maire said on Monday. Egypt, among the world's biggest wheat importers, is heavily reliant on shipments from Ukraine and Russia and its government has […]

Ukraine president calls Egypt's Al-Sisi

Egyptian President Abdel Fattah al-Sisi received a phone call from Ukraine's President Volodymyr Zelenskiy on Thursday, where Sisi stressed the importance of dialogue and diplomatic solutions to the ongoing crisis, the Egyptian presidency said in a statement. Source: Market Screener

UN in key summit meeting with Arab League

The UN and the Arab League remain united in their pursuit of multilateral solutions to “cascading” challenges facing the Arab world, UN Secretary-General Antonio Guterres said on Wednesday. Stronger cooperation between the two organizations is essential for the enhancement of multilateralism, he added. He pointed out that the war in Ukraine and its profound ramifications […]

Ukraine crisis forces Egypt to IMF bailout

Egypt has asked for the International Monetary Fund's support to implement a comprehensive economic programme, the IMF said on Wednesday. Continued exchange rate flexibility would be essential to absorb external shocks, it said in a statement. The IMF is working closely with Egyptian authorities to prepare for discussions with a view to supporting sustainable, job-rich […]

State Department happy with Egypt, Israel, UAE summit

The U.S. State Department said it welcomed the trilateral summit on Tuesday between the leaders of Egypt, Israel and the United Arab Emirates, who met in Sharm el-Sheikh for talks on the economic impact of Russia’s invasion of Ukraine and the growing influence of Iran in the region. State Department spokesperson Ned Price told reporters […]

Al-Rahi talks with President Sisi about Hezbollah, Lebanon

Maronite Patriarch Beshara al-Rahi on Sunday said he discussed the thorny issue of Hizbullah’s weapons in a meeting in Cairo with Egyptian President Abdel Fattah al-Sisi. “We talked about the issue of Hizbullah’s arms, which is not in the hands of the Lebanese anymore, and had there been a defense strategy, a part of the […]

Palestinian actress May Calamawy to be as first Arab Marvel superhero

Egyptian-Palestinian actress May Calamawy this week attended the screening of Marvel’s upcoming miniseries “Moon Knight” at the British Museum in London. Calamawy, who is best known for her role in the Golden Globe-winning sitcom “Ramy,” is one of the show’s leads, Layla El-Faouly. The rising star, who was born in Bahrain, posed for pictures wearing […]

King Salman receives new pacemaker

Saudi Arabia’s King Salman left King Faisal Specialist Hospital in Riyadh after undergoing medical tests and having the battery of his heart pacemaker replaced, the Kingdom’s Royal Court said on Wednesday. State television aired a video clip of the king leaving the hospital with his son Crown Prince Mohammed bin Salman close by. The king […]

IMF warns of impact on world order of Russia war

Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order in the longer term, the International Monetary Fund (IMF) said on Tuesday. Beyond the human suffering and historic refugee flows, the war is boosting prices for food and energy, fueling […]

US ambassador insisits electricity plan for Lebanon going as planned

U.S. Ambassador to Lebanon Dorothy Shea announced Tuesday that she had a “positive discussion” with Energy Minister Walid Fayyad, while denying claims by Hizbullah chief Sayyed Hassan Nasrallah about the fate of Lebanon's U.S.-sponsored energy deals with each of Egypt and Jordan. “I am encouraged when I hear about the continued progress on these regional […]

Jumblat wants constructive dialogue with Gulf states

Progressive Socialist Party leader Walid Jumblat has stressed on Lebanon's deeply-rooted Arab affiliation. He told the PSP's al-Anbaa news portal, in remarks published Monday, that fixing the relations with the Gulf Cooperation Council is a "high priority." He said that every effort must be put to "return Lebanon to the Arab fold," and urged the […]

Egyptian president speaks to Putin about Ukraine

Egypt’s President Abdel Fattah El-Sisi spoke on the phone with his Russian counterpart Vladimir Putin and discussed the latest developments in the Ukrainian crisis. El-Sisi stressed “the necessity of giving priority to the language of dialogue,” and offered Cairo’s support for all diplomatic efforts to reach a political settlement, according to Bassam Rady, spokesman for […]

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