
Dabaa to be largest nuclear project on the planet despite sanctions: Russian company Rosatom CEO
Alexey Likhachev, CEO of the Russian company Rosatom, said that sanctions pose an obstacle to the construction of the first nuclear power plant in Egypt, 'but they will not stop us.'
He pointed out that the project's implementation is proceeding according to the planned schedule, and it is a symbol of the growing cooperation between Russia and Egypt, Izvestia reported.
'This year, this place will become the largest nuclear reactor construction site on the planet – both in terms of area and the number of people,' Likhachev told Izvestia, daily newspaper in Russia.
The Dabaa Nuclear Power Plant is the first nuclear power generation plant in Egypt, and it is being built in the city of Dabaa in Matrouh Governorate on the Mediterranean coast, about 300 kilometers northwest of Cairo.
The Dabaa Nuclear Power Plant consists of four power units with a capacity of 1200 megawatts each, equipped with Russian-made VVER-1200 Generation III+ pressurized water reactors, which are the latest technology and are already implemented in projects that are currently operating successfully, with four nuclear power units of this generation in operation.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
2 days ago
- See - Sada Elbalad
Russia's Oil Revenues at Two-year Low
Taarek Refaat Russia's revenues from oil fell last month to their lowest level since June 2023 amid the global oil price slump. Oil-related tax revenues fell 32% year-on-year last month to 430.4 billion rubles ($5.5 billion), according to Bloomberg estimates based on data released by the Finance Ministry on Wednesday. Total oil and gas revenues amounted to 512.7 billion rubles, a decline of more than 35%. Crude prices fell as US President Donald Trump's tariff policy threatened to slow the global economy, while the OPEC+ alliance accelerated production increases in an already oversupplied market. The alliance's decision to increase production, led primarily by Saudi Arabia, drew opposition from a group led by Russia at a meeting over the weekend. Oil and gas are the backbone of Russian state finances, accounting for about a third of tax revenue. Amid the decline in oil prices, the government revised its budget forecast and tripled its fiscal deficit target. Oil revenues fell by more than half in May compared to the previous month, according to Bloomberg estimates. This reflects the fact that one of Russia's main oil taxes—which is levied on profits—is paid four times a year: in March, April, July, and October. The Finance Ministry estimated oil taxes based on an average price of Urals crude at $54.76 per barrel in April, a drop of more than a quarter compared to the same period last year. The price remained below the $60 per barrel ceiling imposed by the Group of Seven nations to squeeze Russia's revenues for the second consecutive month, according to historical data. The rouble's strength has also impacted the price of crude oil in Russia. The rouble's strength has also contributed to lower revenues from the oil sector, with the currency rising 10% during the tax period compared to the same period last year, to 83.317 rubles to the dollar. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream


See - Sada Elbalad
2 days ago
- See - Sada Elbalad
Abou El Enein: Two-State Solution Is Foundation for Sustainable Development
H-Tayea Deputy Speaker of the Egyptian House of Representatives and President Emeritus of the Parliamentary Assembly of the Mediterranean (PAM), Mohamed Abou El Enein, delivered a powerful message at the South Partner Consultation Forum hosted by the American University in Cairo, emphasizing that the two-state solution is essential for peace, stability, and sustainable development across the Mediterranean region. Two-State Solution: The Cornerstone of Peace In his remarks, Abou El Enein stated unequivocally that the unresolved Palestinian issue is the main obstacle to progress in the southern Mediterranean. He emphasized that any serious effort to achieve regional development must begin with a political solution founded on justice and international legitimacy. 'The two-state solution is not a slogan—it is the only viable path to ensure peace and unlock prosperity,' he said. 'Without resolving the Palestinian cause, cycles of war will continue to hinder cooperation, scare away investment, and destabilize the region.' Egypt's Leadership and a Call for EU Action Highlighting Egypt's historic role in peacemaking and mediation, Abou El Enein praised Cairo's continuous efforts to restore calm in Gaza and support a long-term solution. He urged the European Union to translate its supportive statements into real, strategic action on the ground, starting with a clearer commitment to the two-state solution and the economic future of the South. 'While China arrives in Cairo with investment proposals and a clear plan, we need the same level of practical engagement from the EU,' he said, calling on Brussels to develop a roadmap that matches ambition with implementation. Economic Stability Requires Political Resolution Abou El Enein noted that political peace and economic prosperity go hand in hand. 'You cannot talk about energy projects, agriculture, or industry while bombs are falling in Gaza,' he said. 'Let us be honest—development is not possible in an environment dominated by conflict.' He emphasized that Egypt and its southern partners are ready for joint development, but international frameworks must prioritize justice and human dignity first. PAM's Role in Mediterranean Dialogue As President Emeritus of PAM, Abou El Enein reaffirmed the organization's full support for the new EU Pact for the Mediterranean and its active contribution to shaping the political and human rights dimensions of that framework. 'Our Charter for the Mediterranean, adopted in 2008, anticipated the same values being discussed today,' he said. He emphasized PAM's unique position as a non-governmental parliamentary platform with unmatched reach and trust across member states, committed to dialogue, peacebuilding, and concrete cooperation. Conclusion: From Words to Action In closing, Abou El Enein urged all stakeholders to move from consultation to commitment and to put the two-state solution back at the center of the Mediterranean partnership agenda. 'The time for half-measures is over. Let us build a new era of peace, but it must begin with justice—and that means a sovereign Palestinian state living in peace alongside Israel,' he concluded. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream


Al-Ahram Weekly
2 days ago
- Al-Ahram Weekly
EU official says 175 mln euro Syria recovery package 'clear message' of support - Region
Visiting EU Commissioner for the Mediterranean Dubravka Suica said Thursday that a 175 million euro package for war-torn Syria was a "clear message" of support for its reconstruction. Suica announced the package in Damascus Wednesday, saying it would focus on sectors including energy, education, health and agriculture, helping rebuild Syria's economy, support its institutions and promote human rights. "I came here... with a clear message that we are here to assist and help Syria on its recovery," Suica told AFP in an interview on Thursday. "We want that reconstruction and recovery will be Syria-owned and Syria-led," she said, on the first visit by an EU commissioner since a transitional government was unveiled in late March. "We want to see Syria to be a regular, normal, democratic country in the future," she added. Syria has been navigating a delicate transition since Islamist-led forces ousted longtime ruler Bashar al-Assad in December after nearly 14 years of civil war. The European Union announced last month it would lift economic sanctions on Syria in a bid to help its recovery. "This is a pivotal moment -- a new chapter in EU-Syria relations," Suica said on X, calling her meeting with interim President Ahmad al-Sharaa "constructive". This is a pivotal moment — a new chapter in EU-Syria relations for the benefit of all Syrian people. After lifting economic sanctions, we are proposing a €175 million recovery package to help rebuild the economy, create jobs, support institutions, promote accountability & human… — Dubravka Šuica (@dubravkasuica) June 4, 2025 Like Syria's neighbours, Western governments are keen to steer it onto the road to stability after the war triggered an exodus of millions of refugees. Refugee returns should be "safe, voluntary and dignified", Suica said. The EU has not designated Syria as a safe country for returns "because we don't want to push people to come here and then they don't have a home", she said. The EU last month sanctioned three Syrian militia groups and two of their leaders for serious human rights abuses over their alleged involvement in sectarian massacres in the costal heartland of the Alawite minority, to which Assad belongs, in March. "We cannot pronounce one part of Syria safe and another not," Suica said, noting that designating Syria a safe country needs "unanimity among 27 European member states". She said Syrian Foreign Minister Asaad al-Shaibani would attend a ministerial meeting involving almost a dozen Mediterranean countries in Brussels on June 23. A statement released on Wednesday said that the European Commission was "actively pursuing the integration of Syria into several key initiatives with its Mediterranean partner countries". "We want to see Syria united" and inclusive, Suica told AFP. "This is a process. It will happen step by step." Follow us on: Facebook Instagram Whatsapp Short link: