logo

OPEN// FM lauds distinguished relations between Egypt, Ghana

Middle East22-05-2025
CAIRO, May 22 (MENA) - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty lauded on Thursday distinguished relations between Egypt and Ghana.
During a meeting with Ghanaian Foreign Minister Samuel Okudzeto Ablakwa, the top diplomat underlined the importance of maintaining consultations between the two countries' foreign ministries in activation of the memo of understanding signed between them to establish a mechanism for political consultations.
He noted the increase of trade exchange from 177 million dollars in 2021 to 240 million dollars in 2023, praising the contributions of Egyptian companies in the Ghanaian market, especially in the construction and power generation sectors.
He expressed Egypt's keenness to strengthen cooperation in key areas including counterterrorism, maritime security, border protection, and healthcare.
He welcomed Ghana's constructive role in helping resolve crises in the West Africa region, expounding the security challenges facing the African continent, especially in the Lake Chad Basin and the Sahel region, which require stronger African solidarity amid the spread of armed and terrorist groups.
The minister highlighted Egypt's comprehensive and sustainable national counterterrorism strategy which combines security measures with ideological and developmental efforts.
He underlined the need to benefit from programs to counter extremist ideologies and promote peacebuilding that are offered by the Cairo International Center for Conflict Resolution, Peacekeeping and Peacebuilding (CCCPA).
Egypt, he said, remains fully committed to supporting its African partners in confronting terrorism and other regional challenges. (MENA)
S R E
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Federal Reserve Governor Kugler Resigns amid Sharp Split over Interest Rates
Federal Reserve Governor Kugler Resigns amid Sharp Split over Interest Rates

See - Sada Elbalad

time3 minutes ago

  • See - Sada Elbalad

Federal Reserve Governor Kugler Resigns amid Sharp Split over Interest Rates

Taarek Refaat Federal Reserve Governor Adriana Kugler announced her resignation on Friday, creating a key vacancy just as President Donald Trump intensifies his push for steep interest rate cuts, in a rare and highly publicized rift within the U.S. central bank. In a letter addressed to President Trump, Kugler did not specify her reasons for stepping down, noting only that she would return to Georgetown University as a professor this fall. 'It has been a tremendous honor to serve on the Board of Governors of the Federal Reserve,' Kugler wrote. 'I am especially proud to have served during a critical time in fulfilling our dual mandate of bringing down inflation while maintaining a strong and resilient labor market.' Kugler's term was originally set to expire in January 2026. Her departure paves the way for Trump to nominate his own candidate to the seven-member Board of Governors. According to CNBC, two of Trump's previous appointees, Christopher Waller and Michelle Bowman, voted against the Fed's decision on Wednesday to keep its benchmark interest rate unchanged, signaling instead their preference for an immediate rate cut. The Federal Reserve held rates steady in its latest policy meeting, but remarks from Chair Jerome Powell afterward dampened expectations that borrowing costs would begin to fall in September. This triggered frustration from Trump, who has called for swift and deep rate reductions to stimulate the economy. The policy decision passed by a narrow 9–2 vote, an unusually divided outcome for a consensus-driven institution. It marked the first time in more than three decades that two Fed governors dissented from the majority on a key interest rate decision. The President nominates all members of the Fed's Board of Governors, subject to confirmation by the U.S. Senate. Kugler's resignation now gives Trump a critical opportunity to further reshape the central bank at a pivotal moment for U.S. monetary policy. 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 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

Expert: Gold Demand Rises 3% in Q2 2025 as Safe-Haven Investment Grows Amid Global Challenges
Expert: Gold Demand Rises 3% in Q2 2025 as Safe-Haven Investment Grows Amid Global Challenges

See - Sada Elbalad

timean hour ago

  • See - Sada Elbalad

Expert: Gold Demand Rises 3% in Q2 2025 as Safe-Haven Investment Grows Amid Global Challenges

Waleed Farouk John Luca, the economist, stated that the gold market witnessed significant dynamic changes during the second quarter of the year, with total demand for the yellow metal increasing by 3% year-on-year, reaching 1,249 tons. Meanwhile, the value of this demand surged by 45%, totaling $132 billion, driven by rising gold prices and increasing demand for it as a safe-haven asset amid global economic challenges. Luca pointed out that gold-backed exchange-traded funds (ETFs) played a pivotal role in boosting demand for the second consecutive quarter, benefiting from global trade policy uncertainty and geopolitical tensions, as well as the continuous rise in prices that attracted investments into these funds. He explained that investors in gold bars and coins have strongly joined this trend, making this investment category achieve its best half-year performance since 2013. Luca added that central banks continued to play their role as a major driver of global demand for gold, adding 166 tons to their official reserves. While the pace of their purchases has slowed somewhat, this trend remains a positive indicator of sustained demand from these institutions. In the same context, Luca noted that the gold jewelry market showed a clear contradiction, as demand volumes dropped to levels similar to those seen during the 2020 pandemic period, while global spending on jewelry increased, driven by higher prices. Regarding the technology sector, Luca mentioned that the use of gold in this field has been under pressure due to potential threats from U.S. tariffs, but he highlighted that the growing demand for applications related to artificial intelligence is a strong point supporting continued demand in this sector. Luca concluded his statement by emphasizing that gold remains one of the most attractive assets amid current economic and geopolitical volatility. 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 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

Future Real Estate Expo Announces Two New Editions in Saudi Arabia for September and December 2025
Future Real Estate Expo Announces Two New Editions in Saudi Arabia for September and December 2025

Economic Key

time2 hours ago

  • Economic Key

Future Real Estate Expo Announces Two New Editions in Saudi Arabia for September and December 2025

Egypt Gulf Company announced its plan to launch two new editions of Future Real Estate Expo, next September and December in the Kingdom of Saudi Arabia, with the participation of more than 45 of Egypt's major real estate development companies, showcasing over 300 projects. Eng. Sameh Fathy, Egypt Gulf Chairman, -the organizer of the exhibition- stated that the company aims to provide a distinguished platform through the exhibition that brings leading real estate developers together to highlight the latest real estate projects in the Egyptian real estate market and provide promising investment opportunities for the public and investors in the Kingdom. He added that organizing the exhibition in Saudi Arabia came in response to the growing demand for Egyptian real estate projects in the region, pointing that these new editions of the exhibition will provide several surprises and a wide variety of offerings and services, expecting that the exhibition will witness a large turnout of visitors and investors, amid growing interest in real estate ownership and investment in Egypt. He showed that the first exhibition will be held in Al Khobar city, from 25 to 27 th September, which is regarded as the largest presence of Egyptian real estate in this region, and the company aims to expand its presence in the Eastern Province with a wide-ranging expansion plan, besides the second exhibition will be held in Riyadh from 4 to 6th December. He pointed that the company has developed a comprehensive and robust marketing plan to enhance the success chances for the two new editions, as the company targets Egyptians working in the northern region of the Kingdom of Saudi Arabia, as well as foreign investors of other nationalities who are interested in purchasing real estate in Egypt, thus the company keens to bring together the largest number of serious companies and distinguished projects for the two upcoming exhibitions. He noted that the company managed to achieve strong success in the exhibition's previous editions, which were held in December and February in Riyadh and Jeddah in Saudi Arabia, and the company achieved sales exceeding EGP 4.7 billion for third parties, selling to six non-Egyptian nationalities, and attracting more than 13,000 visitors, which reflects the company's strong success in organizing external exhibitions. Mohamed Fathy, Egypt Gulf Marketing Consultant, assured that the upcoming two editions were planned with a high strategic level across all aspects, to attract the largest number of clients interested in Egyptian real estate, besides this strategy also included greater cooperation among the Egyptian community in Saudi Arabia, as well as collaboration with all Egyptian brands present in the Kingdom to provide the best investment opportunities for both participating developers and visitors interested in Egyptian real estate. He added that the company has adopted a different slogan for these new editions, which was 'Egypt is Home,' which focuses on the concept of belonging and Egyptian identity, preserving the relationship between Egyptian expatriates qnd their home country, and purchasing a property there to use during vacation and settle in after retiring from work abroad. تم نسخ الرابط

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store