FM: Egypt looks forward to attracting further US direct investments
Abdelatty said Egypt looks forward to luring more US direct investments in light of vast opportunities offered by the Egyptian market in various sectors.
He lauded the depth of the strategic partnership between Egypt and the US.
Abdelatty spoke about bold measures taken by the Egyptian government to improve the investment climate and the business environment, stressing the State's commitment to moving ahead with implementing economic reforms and giving a more room for the private sector in the economic activity.
He highlighted Egypt's position on a number of regional crises, as he reviewed efforts made by the country to restore the ceasefire in the Gaza Strip and allow the access of humanitarian aid in the Palestinian enclave, while finding a permanent and just political solution to the Palestinian issue.
He, also, shed light on Egypt's stance on the situation in Sudan, Libya and the Red Sea, saying Egypt continues its tireless endeavors to bring about peace, security and stability in the region.
He stated de-escalation in the Red Sea will have positive impact on navigation, international trade and supply chains, as well as contribute to the recovery of the international economy.
The foreign minister noted that the resumption of regular navigation in the Red Sea and the Suez Canal serves the global economy, especially after a series of geopolitical challenges that have affected navigation in recent times.
In this regard, Abdelatty called for addressing the root causes of regional conflicts to preserve stability in the Red Sea in a sustainable way.
MENA
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
3 hours ago
- See - Sada Elbalad
Turkish Envoy Hosts Solidarity Event for Palestine in Cairo
By Ahmad El-Assasy Turkish Ambassador to Cairo, Salih Mutlu Şen, hosted a solidarity event at his residence, bringing together over 300 Palestinian and 100 Egyptian guests. The gathering was held in cooperation with the Palestinian Embassy, IHH Humanitarian Relief Foundation, and the Vefa Association, underscoring Turkey's unwavering support for the Palestinian cause. Ambassador Şen emphasized that the event reflects the commitment of Turkish President Recep Tayyip Erdoğan and the compassion of the Turkish people. 'We deeply appreciate Egypt's leading role in advocating for a ceasefire, delivering humanitarian aid, and supporting a two-state solution,' he said. 'Turkey stands side by side with Egypt, offering constructive support.' During the event, Ambassador Şen delivered an optimistic message regarding the future of Palestine, stating that 'Palestine will undoubtedly achieve its independence and freedom.' He also shared two pledges made by Palestinian youth attending the event: To remain rooted in Gaza, the West Bank, Jerusalem, and all Palestinian lands, and to hold fast to hope. To stay committed to the principles of peace and justice in the struggle for a free and independent Palestine. The gathering served as a powerful expression of unity, cooperation, and shared aspirations between Turkey, Egypt, and the Palestinian people. 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 Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
Al-Ahram Weekly
4 hours ago
- Al-Ahram Weekly
Portugal to consider recognizing Palestinian state in September - War on Gaza
Portugal will consider recognizing the State of Palestine at the UN in September, Prime Minister Luis Montenegro's office said Thursday. France, Britain, and Canada have all recently voiced, in some cases qualified, intentions to diplomatically recognize a Palestinian state. These moves come amid growing international concern over the humanitarian crisis in Gaza, where Israel's 22-month war and five-month blockade have pushed 2.3 million people into famine. According to Gaza's Health Ministry, the death toll from Israel's war since October 7, 2023, has risen to 60,332, with 147,643 injured. The majority of the dead are women and children. Portugal "is considering recognition of the Palestinian state, as part of a procedure that could be concluded during the high‑level week of the 80th United Nations General Assembly, to be held in New York in September," the statement said. The decision was made after "multiple contacts" with partners, given "the extremely worrying developments in the conflict, both from a humanitarian perspective and through repeated references to a possible annexation of Palestinian territories" by Israel, the statement added. A UN-backed international hunger monitoring organisation on Tuesday said: "Famine thresholds have been reached for food consumption in most of the Gaza Strip and for acute malnutrition in Gaza City." The Integrated Food Security Phase Classification (IPC) alert warned that the "worst-case scenario of famine is currently playing out in the Gaza Strip" under Israel's blockade. Portugal may join other countries such as Britain, Canada, and France, which have signalled their intention to recognize the Palestinian state in September. Last week, French President Emmanuel Macron said his country would officially recognize a Palestinian state at the United Nations General Assembly in September, hoping to create collective momentum in this direction. "The government took a very carefully considered decision in consultation with its European and other partners," Portuguese President Marcelo Rebelo de Sousa responded immediately after the executive's announcement. *This story was edited by Ahram Online. Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
4 hours ago
- Al-Ahram Weekly
Expat voting concludes in Egypt's 2025 Senate election as ballot count begins - Foreign Affairs
Expat voting in Egypt's 2025 Senate election has concluded, with polling stations closing across most countries after two days of balloting. The overseas vote was conducted at 136 polling stations in Egyptian embassies and consulates across 117 countries, and the ballot counting is now underway. Due to time zone differences, the Egyptian Embassy in New Zealand was the first to close its polls at 12 pm local time on Sunday, while the final station, located in Los Angeles, is set to conclude voting by Monday morning. Following the vote, each committee will count ballots for individual candidates and party lists. The results, along with voter registers and any submitted appeals, will be sent via diplomatic pouch to the foreign ministry. The ministry will then forward them to the central committee for overseas voting. This committee will compile a final report to be included in the national tally. Domestic voting is scheduled to take place on Monday and Tuesday, 4–5 August, according to the National Elections Authority (NEA). Results from the first round are expected to be announced on 12 August. The Senate, Egypt's upper chamber of parliament, serves a consultative role, with legislative authority residing in the House of Representatives. The 300-member Senate is composed of three equal parts: one-third elected via individual candidacy, one-third through closed party lists, and one-third appointed by the president. Women must hold at least 10 percent of the seats. Members serve five-year terms. In the individual seat system, a candidate must secure an absolute majority of valid votes to win. If no candidate achieves this, a runoff is held between the top two contenders. For list-based elections, the winning list must also secure an absolute majority. If this is not achieved, a runoff is held between the top two lists, with the one receiving the most valid votes winning. In the case of a single-candidate list, such as the National Unified List in this election, that list must obtain at least five percent of registered votes in its constituency to win. If a runoff is required, campaigning will resume on the same day the first-round results are announced, the NEA said. Appeals against the NEA's decision must be filed within 48 hours, with the final deadline on 14 August. Runoff voting for expats is scheduled for 25–26 August, followed by domestic runoff voting on 27–28 August. Final results from the runoff round are expected to be announced on 4 September. . Follow us on: Facebook Instagram Whatsapp Short link:
