OPEN// Sisi, Putin agree to increase number of incoming Russian tourists
MOSCOW, May 9 (MENA) - Egyptian President Abdel Fattah El Sisi and his Russian counterpart Vladimir Putin agreed to increase the number of Russian tourists visiting Egypt, while promoting new Egyptian tourist attractions in Russia.
The two leaders also underlined the importance of enhancing cooperation in the fields of energy, food security, mining, agriculture, and industry, as well as continuing coordination between the two countries in international forums, including in the BRICS.
The remarks were made in a meeting held between Sisi and Putin on the sidelines of the Victory Day parade in Moscow, said Presidential Spokesman Mohamed El-Shennawy.
The spokesman added that the two presidents held an expanded session of talks, where the Russian leader expressed appreciation of Sisi's participation in the Victory Day parade this year, which reflects the strong and historical relations between the two countries and their peoples.
On his part, President Sisi greeted the Russian president and people on the Victory Day anniversary, lauding the strategic relations with Russia that are based on the comprehensive strategic partnership agreement signed in 2018.
President Sisi also extolled the significant momentum in Egyptian-Russian ties in various areas, citing a project to build an industrial zone in the Suez Canal Economic Zone (SCZONE) and a project to construct the Dabaa Nuclear Power Plant west of Alexandria.
The pair expressed hope for the success of the 15th session of the Russian-Egyptian intergovernmental commission on trade, economic, scientific, and technical cooperation to be held in Moscow on May 12-14, which will address ways of fostering cooperation in all fields of common concern.
The spokesman noted that the talks tackled the developments on regional and international issues of common concern, as the two presidents underscored the significance of regaining stability in the Middle East, especially in the Gaza Strip, while intensifying the efforts to avert regional escalation.
In this regard, President Sisi reviewed the efforts made by Egypt to reach a ceasefire in Gaza and exchange Israeli hostages for Palestinian prisoners, as well as allowing the entry of humanitarian aid into the Palestinian enclave to end the humanitarian crisis.
The Egyptian president called for finding a final solution to the Palestinian issue, through establishing a Palestinian state on the 1967 borders with East Jerusalem as its capital, as being the only way to achieve lasting peace in the region.
For his part, the Russian president expressed great appreciation of Egypt's role in the region, affirming Russia's full support for Cairo's endeavors to restore calm and bring about regional stability, as well as its backing of the Arab plan for Gaza reconstruction.
The talks also touched on the situation in Syria, Libya, and Sudan, in addition to the Russian-Ukrainian crisis, where President Sisi reiterated Egypt's stance on arriving at diplomatic solutions to international crises in a way that preserves regional and international peace and security. (MENA)
M R E/R G E
Hashtags

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


Mada
an hour ago
- Mada
Govt grants renewables companies first licenses to sell directly to private sector, ‘speeding up' electricity liberalization
Egypt's government has granted four renewable energy companies permission to contract directly with private industrial consumers in what an informed source described as 'a very big step' toward liberalizing the country's electricity sector. The deal represents a 'slow transition' toward a free energy market, and will likely encourage more actors to enter the sector, said another source, a senior executive at one of the energy companies included in the government's decision. Regulatory groundwork for the development has been in place since 2015 alongside plans, recommended by international lenders, to cut subsidies on electricity rates for individual and corporate consumers. But the government has been slow to implement these policies in an already turbulent economic environment. Both the government and the European Bank for Reconstruction and Development (EBRD), which is providing technical support for the policy, announced the deals in recent weeks. The Cabinet said it had awarded contracts for the supply of solar and wind power to heavy, exporting industries to Enara and Taqa Arabia, both Egyptian-owned, AMEA, a Dubai-based company, and Neptune Energy. The providers will be allowed to use state-owned transmission infrastructure via the Egyptian Electricity Transmission Company (EETC) to wheel the power to private-sector consumers: Helwan Fertilizers, Alamein Silicon Products Complex, Ezz Steel, AP Moller (Suez Canal Container Terminal), BEFAR Group and Suez Steel. The informed source said that the companies had applied for an open bid by EgyptERA and were likely chosen on the basis of their experience and financial position. The total investments will be worth around US$388 million, the Cabinet said at the end of May, producing around 400 MW. In exchange for the wheeling services, the private companies will pay EETC the equivalent of around LE0.17 per kWh if they transmit the energy using a High Voltage line, and LE0.0725 if they use the Extra High Voltage line, according to the national electricity regulator, EgyptERA. 'There is talk that the wheeling fee could be updated by EgyptERA because there was a request from EETC to increase it a bit,' according to the informed source. The rate will not bring major revenues to the EETC in fees The real difference will be felt in the electricity sector's business environment, according to the two industry insiders who spoke to Mada Masr. Private generation companies were previously able to contract directly with consumers outside of the government-regulated sector. This meant companies were limited to using client premises which are often too small for the necessary infrastructure, capping the potential generation capacity especially for renewable energy, the executive source said. Now, the source continued, private companies will get to install power stations 'wherever' land is available, and get grid access to transmit power to clients 'wherever they may be.' The informed source noted that land allocations are yet to happen, however, adding that implementation will still take some time for the four companies. They described the projects approved as a pilot round, intended 'to set down all these rules, so that future projects are able to follow it as a blueprint.' But the source noted that there is a direction in government to 'speed up' planned liberalization of the electricity sector in general. They pointed to the recent approval granted in April for the EETC to be separated from the ministry-owned Egyptian Electricity Holding Company, a measure laid out in a 2015 law to turn the EETC into a sector regulator providing wheeling services to private power generation firms, rather than supplying electricity to consumers itself. The EETC's separation is due to be complete in July, according to state media services. In the government's announcement, the Cabinet said the policy was intended to stimulate 'private investment and increase the participation of private companies in energy projects' in order to 'to enhance competitiveness' in the sector. They also framed the step as part of efforts toward green transition and sustainable development. Egypt currently relies on natural gas, a heavier pollutant than coal, for 79 percent of its power needs. As Egypt's oil and gas production declined in recent years, the government has been increasingly relying on imported fuel to meet rising domestic consumption.


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Egypt Offers Condolences to India Over Plane Crash Victims
Amir Hagag Egypt expressed its sincere condolences to India over the victims of the Air India plane crash near Ahmedabad Airport in western India on Thursday morning, which resulted in a large number of casualties. Egypt affirmed its full solidarity with the Republic of India, both government and people, in confronting the effects of the horrific accident, and its condolences to the families of the victims, both Indian and of all other nationalities. A passenger plane carrying 242 people crashed in western India. Authorities announced that at least 30 people were killed in the crash, which was supposed to be heading to London, minutes after takeoff. The death toll is expected to rise. 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 Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt 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 Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
The shekel fell, and the Tel Aviv Stock Exchange fell sharply.
Amir Hagag Stock indices on the Tel Aviv Stock Exchange declined, and the Israeli shekel also fell against the dollar, amid escalating tensions over the Iranian issue and reports that Israel is considering a military strike against Iran. NBC reported on Thursday that Israel is considering a military strike against Iran, and is likely to carry out this attack without US support. The Tel Aviv 35 Index fell 2.19% to 2,676.79 points, and the Tel Aviv 125 Index fell 2.49% to 2,685.76 points. All stocks declined, led by banks. The shekel exchange rate also fell sharply against the US dollar and the euro. The shekel lost 1% of its value against the dollar, reaching 3.562 shekels per dollar, and the shekel rose against the euro, reaching 4.105 shekels per euro. "Foreign exchange markets are experiencing sharp volatility at the start of today's trading, with a sharp decline in the value of the shekel against major currencies," Or Poria Finance Chairman Or Poria told Globes. 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 Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt 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 Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand