logo
Egypt condemns terrorist attack on MNJTF in Lake Chad region

Egypt condemns terrorist attack on MNJTF in Lake Chad region

Egypt Today29-03-2025

CAIRO – 28 March 2025: Egypt condemned on Friday the brutal terrorist attack targeting a site of the Lake Chad Basin Commission's Multinational Joint Task Force (MNJTF) in the Nigerian-Cameroonian border region, which resulted in the killing of 12 Cameroonian soldiers.
The Egyptian government and people express their deepest condolences and sincere sympathy to the government and people of Cameroon, as well as to the families of the victims of this heinous terrorist act, wishing a swift recovery for all the injured," a statement by the Ministry of Foreign Affairs read.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OPEN// PM praises strategic partnership with EIB amid global challenges
OPEN// PM praises strategic partnership with EIB amid global challenges

Middle East

timean hour ago

  • Middle East

OPEN// PM praises strategic partnership with EIB amid global challenges

CAIRO, June 15 (MENA) - Prime Minister Mostafa Madbouly has lauded the strategic partnership between the Egyptian government and the European Investment Bank (EIB), expressing his keenness to broaden avenues of cooperation with the Bank in the coming period, particularly in light of the serious geopolitical challenges currently facing the region and the world. The Prime Minister's remarks came during his meeting Sunday with Gelsomina Vigliotti, EIB Vice President for the Mashreq Region, and her accompanying delegation, on the sidelines of the Development Finance to Foster Private Sector-Led Growth & Jobs" conference in the New Administrative Capital. The meeting was attended by Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat. Madbouly praised the strong partnership with the EIB and its commitment to financing priority development projects in Egypt while supporting private sector growth. He reaffirmed the government's commitment to empowering and encouraging the private sector, which he described as a strategic partner in driving economic development. The premier noted that the share of private investments in total national investments has risen significantly in recent years, thanks to sustained government support. He added that the state had set clear targets for increasing private sector contribution; targets that have already been exceeded. Madbouly also highlighted Egypt's collaboration with key development partners, including the International Finance Corporation (IFC), particularly in the state IPO program and in sectors such as airport management, telecommunications, and renewable energy. He emphasized that EIB contributions have played a major role in boosting private sector involvement. For her part, Vigliotti affirmed EIB's long-standing cooperation with Egypt, especially in the energy sector, with a special focus on renewables, describing Egypt as a promising market in this field. She also pointed to other areas of ongoing cooperation, including electricity networks and transmission infrastructure, and expressed the Bank's interest in collaborating with Egypt on water projects. Meanwhile, Mashat underscored the strong support provided by the EIB and the breadth of the Bank's cooperation with Egypt since 1979. She noted that the EIB has funded 127 projects worth approximately €14 billion across both public and private sectors. The minister stated that the current cooperation portfolio stands at around €2.9 billion, supporting 16 development projects in transport, environment, sanitation, civil aviation, and SMEs. She expressed her hope to further expand cooperation in the areas of SMEs and entrepreneurship. (MENA) M S H/R E E

OPEN// Sisi approves launch of initiative for martyrs' underage children
OPEN// Sisi approves launch of initiative for martyrs' underage children

Middle East

timean hour ago

  • Middle East

OPEN// Sisi approves launch of initiative for martyrs' underage children

CAIRO, June 15 (MENA) - President Abdel Fattah El Sisi has approved the launch of the 'Egypt is with You' initiative, aimed at supporting underage children of martyrs and victims of violence from the Armed Forces, police, and civilians. During a meeting held Sunday with Chairman of the Board of Directors of the fund to honor the martyrs Major General El-Sayed El-Ghaly, and the fund's Executive Director Ahmed Al-Ashaal, the President stressed the need to continue enhancing the services provided by the fund, expanding its resources, and developing its management mechanisms to better meet the needs of beneficiaries. Sisi was briefed on the fund's recent activities, services, and upcoming initiatives coordinated with relevant state authorities, Presidential Spokesman Mohamed El-Shennawy said in a statement following the meeting. The President approved the 'Egypt is with You' initiative, which aims to invest financial allocations on behalf of underage beneficiaries to generate the highest possible returns, ensuring financial support upon reaching adulthood. The initiative will be implemented in coordination with the Central Bank of Egypt, the Sovereign Fund of Egypt, and Misr Life Insurance Company. Sisi also approved the inclusion of martyrs' families and injured personnel from special operations units in the Armed Forces, as well as civilian martyrs who contributed to wartime efforts in past conflicts, under the fund's umbrella. He instructed the Ministry of Higher Education and Scientific Research to determine appropriate scholarship exemptions and tuition reductions at public, private, and national universities, as well as private higher institutes, for the fund's beneficiaries, and to establish clear mechanisms for implementation. Sisi emphasized that the Egyptian people deeply value the sacrifices made by martyrs and injured personnel of war, terrorist attacks, and security operations, "those who have paid the ultimate price so the nation can live in peace and prosperity." (MENA) M S H/R E E

OPEN// PM: Egypt's economy shows resilience amid regional challenges
OPEN// PM: Egypt's economy shows resilience amid regional challenges

Middle East

timean hour ago

  • Middle East

OPEN// PM: Egypt's economy shows resilience amid regional challenges

CAIRO, June 15 (MENA) - Prime Minister Moustafa Madbouli on Sunday said that despite geopolitical and economic challenges in the region and globally, the Egyptian economy has proven its ability to withstand and adapt. Madbouli was addressing the "Development Finance to Foster Private Sector-Led Growth & Jobs" conference, organized by the Ministry of Planning, Economic Development and International Cooperation in the New Administrative Capital. The event was attended by a galaxy of ministers, ambassadors, and representatives from development partners, the European Union in Egypt, international institutions, and private sector companies. The premier highlighted Egypt's recent economic achievements, including the growth of the GDP by 4.3% in Q2 of the current fiscal year, the increase in the flow of foreign direct investments as well as the rise in non-oil exports by 33% in the first nine months of the fiscal year. The unemployment rate has fallen to 6.3%, while the fiscal deficit declined to 6.5%, Madbouli said, adding that the public debt is expected to decrease to 85–87% of the GDP. The private sector is the primary engine of economic growth, generating over 80% of job opportunities and contributing around 70% of GDP, Madbouli said. He highlighted government's efforts to create a favorable environment for private investment through upgrading the infrastructure, injecting massive public investment in roads, railways, ports, energy, and airports along with launching the State Ownership Policy Document to create a more transparent and competitive market. In order to regulate public expenditure, the government has capped public investments to focus on projects over 70% complete and enacted the 2024 Competition Protection Law to curb monopolies and enhance fair business practices, the premier said. The government has also introduced the Golden License to fast-track project approvals, restructured the tax system, updated legislation, and streamlined non-tax financial burdens, Madbouli said. Madbouli emphasized that structural reforms, which were designed in partnership with international financial institutions, were critical to achieving Egypt's economic progress, enhancing macroeconomic stability and promoting green transition. He added that development finance for the private sector has reached $4.2 billion in 2024, surpassing public sector development finance for the first time, with a total of $15.6 billion mobilized since 2020. (MENA) A A E/R E E

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store