Egyptian, Greek Chiefs of Naval Forces discuss ways of enhancing ties
Ashraf Ibrahim Atwa Megahed, Egyptian vice admiral and commander of the Egyptian Navy, met with Chief of the Hellenic Navy General Staff Dimitrios-Eleftherios Kataras on April 13, 2025- press photo
CAIRO – 13 April 2025: Ashraf Ibrahim Atwa Megahed, Egyptian vice admiral and commander of the Egyptian Navy, met with Chief of the Hellenic Navy General Staff Dimitrios-Eleftherios Kataras, who is leading a delegation visiting Egypt's Alexandria on Sunday.
Both sides tackled enhancing joint naval cooperation, according to a statement released by the Egyptian Ministry of Defense on Sunday.
The Greek delegation members toured some of the Egyptian naval units and were updated on the advanced system of training and weapons used in the units. They also toured the Alexandria Shipyard Co, which is considered one of the largest companies to maintain and build ships in the Middle East.
In December 2024, joint exercise 'Medusa-13' took place in Greece. It involved the participation of Air Forces, Navy, Air Defense, and special forces units from Egypt, Greece, Cyprus, France, and Saudi Arabia, with Italy, Bahrain, Rwanda, Bulgaria, and Morocco participating as observers.
The exercise included the execution of various training activities for the participating nations, joint planning for the management of naval and air combat operations against various threats, as well as the implementation of unconventional combat maneuvers and live-fire exercises, demonstrating the high level of competency achieved by the participating forces in various specializations, said the Egyptian Ministry of Defense in a statement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
3 hours ago
- Mid East Info
Investopia Global launches New Economy Talks in Cyprus to boost UAE–Mediterranean investment partnerships - Middle East Business News and Information
Event draws participation of 300 VIPs including ministers, senior government officials, businessmen, and private sector representatives In the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, Investopia launched the inaugural edition of its Global Talks series, Investopia Global – Mediterranean, in Cyprus. This new edition aims to strengthen investment partnerships between the UAE and Mediterranean countries across key sectors of the new economy, including tourism, entrepreneurship, innovation, clean energy, renewable energy, transport, and logistics. It also provides a platform for exchanging insights and perspectives on global trends in financing tools, with a focus on sustainable and innovative finance solutions, including fintech. Held in collaboration with IMH, the event welcomed the participation of over 300 attendees, including ministers, government officials, private sector representatives, investors, entrepreneurs, and decision-makers from the UAE, Lebanon, Cyprus, Greece, and across Europe. Prominent participants included H.E. Giorgos Papanastasiou, Cyprus Minister of Energy, Commerce and Industry; H.E. Kostas Koumis, Cyprus Deputy Minister of Tourism; H.E. Olga Kefalogianni, Greek Minister of Tourism; H.E. Laura Lahoud, Lebanon's Minister of Tourism; H.E. Mohammed Al Hawi, Undersecretary of the UAE Ministry of Investment; Stavros Stavrou, President of the Cyprus Chamber of Commerce and Industry; Philokypros Roussounides, Secretary General of the Cyprus Chamber of Commerce and Industry; and Thanos Michaelides, CEO of Thanos Hotels & Resorts. H.E. Bin Touq affirmed that the UAE and Cyprus share strategic relations and a strong economic partnership across all areas of mutual interest. These bilateral ties are supported by the wise leadership of both nations and guided by a shared vision to expand cooperation and partnership across various sectors, advancing prosperity and wellbeing for their peoples. 1,850 Cypriot companies operating in the UAE: H.E. said: 'Economic cooperation between the UAE and Cyprus continues to grow steadily. Today, UAE markets are home to approximately 1,850 Cypriot companies operating across a wide range of sectors. Cyprus also serves as a vital economic gateway for the expansion of Emirati companies into key European markets, thanks to its strategic location. We look forward to deepening collaboration with our partners in the Cypriot government and private sector through new projects in sectors such as the new economy, energy, education, transport and logistics, and technology.' H.E. further noted that holding Investopia Global – Mediterranean in Cyprus reflects the strength and depth of the economic partnership between the two friendly nations. New platform enhancing economic cooperation between the UAE and Mediterranean countries: During his participation in a session titled 'Bridging Prosperity: Unlocking GCC–Eastern Mediterranean Synergies,' H.E. Bin Touq stated: 'Today marks the launch of the first milestone of Investopia Global in Cyprus, through which we aim to build a new bridge of fruitful economic and investment cooperation between the UAE and the Mediterranean region. The UAE views this region as a strategic economic partner, and we believe that fostering GCC–Mediterranean economic synergy presents a vital opportunity to establish a resilient, diversified, and innovation-driven economic model – one that supports comprehensive development at both regional and global levels.' He added: 'Through the diverse sessions of this edition of Investopia Global Talks, we aim to chart new avenues of collaboration between the public and private sectors across sustainable fields, including renewable energy, digital transformation, artificial intelligence (AI), infrastructure, innovation, technology, tourism, culture, education, and scientific research. These efforts are designed to drive sustainable economic growth across both regions.' Six panel sessions at Investopia Global – Mediterranean 2025 Discussions explored the strategic geographic positioning of the GCC and Mediterranean countries in fostering joint economic relations and unlocking new avenues for growth amid ongoing global economic shifts. The sessions highlighted opportunities to establish strategic partnerships across key sectors, including energy, trade, infrastructure, tourism, and innovation. They also reviewed emerging investment prospects linking the UAE with Mediterranean markets, emphasizing the region's growing significance as a strategic financial and trade hub that facilitates cross-border investment. Participants also examined national strategies and progressive regulatory frameworks designed to attract private capital, alongside the UAE's pivotal role in developing seaports and maritime infrastructure to enhance regional trade and logistics. Further discussions addressed global investment trends, rising government expenditure on infrastructure, technology, and clean energy, as well as evolving tourism policies aimed at supporting economic diversification. The sessions underscored tourism's vital role in fostering cultural understanding and social cohesion, and emphasized regional efforts to strengthen strategic tourism partnerships between GCC and Eastern Mediterranean countries, recognizing the sector's importance in deepening economic and cultural ties between the two regions. Global trends shaping the digital economy, the role of shipping as a vital enabler of economic development, the impact of technological advancements on the future of global trade, and the latest investment developments in energy and advanced technologies for clean water treatment also formed part of the discussions. Roundtable discussions and bilateral meetings between the UAE and Cyprus: The event also featured a series of roundtable discussions and bilateral meetings between UAE and Cypriot representatives from both the public and private sectors. These engagements aimed to strengthen ties between the two countries' business communities, support the mutual leveraging of investment opportunities, facilitate trade and investment flows, and explore prospects for collaboration across key economic sectors of shared interest. This edition marked the 16th in the Investopia Global Talks series and the first to be held in the Mediterranean region. It builds on the success of the 'Investopia Europe' edition, held in Milan in May, and will be followed by a series of upcoming global events in major cities across India, China, and other countries later this year. Since its launch, Investopia has successfully organized four main editions in the UAE and 16 global editions across various cities around the world. These events have brought together more than 10,000 participants, including leaders, experts, businessmen, investors, specialists and entrepreneurs from around the world, to shape a sustainable economic future and reinforce the UAE's position as a leading global investment destination. The platform has also contributed to forging meaningful economic partnerships and unlocking promising investment opportunities in sustainable economic sectors including fintech, space, aviation technologies, AI, green energy, circular economy, and fashion.
See - Sada Elbalad
4 hours ago
- See - Sada Elbalad
Dollar Declines against Egypt Pound to 49.40
Taarek Refaat The US dollar exchange rate witnessed a significant decline against the Egyptian pound on Wednesday, in a number of banks. Most major banks recorded selling prices ranging between EGP 49.40 and EGP 49.68, reflecting the continued slight decline in the dollar's value in the banking market. The Suez Canal Bank recorded the lowest buying price for the dollar at EGP 49.40, while the National Bank of Kuwait recorded the highest selling price at EGP 49.68. At the central Bank of Egypt the greenback recorded to buy 49.42 and 49.56 to sell following Eid Al-Adha weekend. 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 Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies 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
See - Sada Elbalad
4 hours ago
- See - Sada Elbalad
Egypt's Exports to BRICS Up 31.5% to $905 Million
Taarek Refaat The Central Agency for Public Mobilization and Statistics (CAPMAS) released a report on Wednesday "Egypt and BRICS countries", reviewing Egypt's exports to the group. The report indicated that The Egyptian exports to the bloc increased from $688 million to $905 million, a 31.5% increase, between January and December 2024, since Egypt joined the bloc. Egyptian imports from BRICS countries also increased from $2,410 million to $3,376 million, a 40.1% increase, between January and December. The most important commodity groups exported by Egypt are: inorganic and miscellaneous chemical products and fertilizers; fuels and mineral oils; fruits, vegetables. The most important commodity groups imported by Egypt are: grains, fuels, mineral oils, and their distillation products, plastics and their products, electrical machinery and appliances. BRICS investments in Egypt contributed $4.4 billion during the FY2022/23, with Saudi Arabia ranking first in terms of its investment contribution to Egypt. 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 Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies 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
