
Egypt hails Russian proposal on talks with Ukraine as ‘crucial' to settlement
Referring to the Russian proposal to hold direct talks with Ukraine on May 15, and the Ukrainians' willingness to respond to this proposal, Egypt said this is crucial to reaching a settlement to the crisis.
This paves the way for a new phase that will contribute to discussing and addressing the concerns of the parties to the conflict, leading to sustainable peace that restores security and stability to the European continent, the statement said.
'Egypt reiterates that for decades it has emphasized the need to resolve conflicts through peaceful means and has expressed its support for initiatives and efforts aimed at ending the crisis,' the statement added.
Egypt has previously participated in Arab, African, and "Friends of Peace" initiatives calling for a settlement to the Ukrainian crisis.
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Al-Ahram Weekly
3 hours ago
- Al-Ahram Weekly
Erdogan tells Putin Turkey backs Ukraine peace talks involving 'all parties': Presidency - War in Ukraine
President Recep Tayyip Erdogan on Wednesday informed his Russian counterpart Vladimir Putin by phone that Turkey would support a process involving "all parties" for peace in Ukraine, the Turkish presidency said. Erdogan told Putin that "Turkey has sincerely strived for a just peace since the beginning of the war, and in this context, supports approaches aimed at establishing lasting peace with the participation of all parties," his office said in a statement. Turkey, which enjoys friendly ties with both its Black Sea neighbors, has hosted three rounds of peace talks between Ukraine and Russia since May. Ankara has often insisted on the protection of Ukraine's territorial integrity while shying away from Western sanctions on Russia. US President Donald Trump held talks with Ukrainian President Volodymyr Zelenskyy and European leaders in Washington on Monday, three days after his landmark encounter with Putin in Alaska. NATO head Mark Rutte called Erdogan on Tuesday by phone on his way back to Europe after that meeting, the Turkish presidency said. The pair discussed "Turkey's contribution to the peace process, as one of NATO's most important countries" and agreed to remain on close coordination, according to the presidency. They also exchanged views on feasible and sustainable security guarantees, the statement said, without further elaboration. Follow us on: Facebook Instagram Whatsapp Short link:


Egypt Independent
3 hours ago
- Egypt Independent
China snaps up Russian oil as Indian demand drops following Trump tariffs
Hong Kong — Chinese refineries have placed new orders for Russian crude that will be shipped from ports that typically supply India, as demand from the South Asian country for Moscow's crude slips following US President Trump's tariffs. At least 15 cargoes of Russian oil have been secured by Chinese refineries for October and November delivery, analysts said. China and India emerged as the top buyers of Russian oil following Moscow's 2022 invasion of Ukraine, which prompted Western countries to shun its exports. Trump in July threatened to impose secondary tariffs on goods from countries importing Russian oil to pressure Moscow to end the war in Ukraine. Earlier this month, he announced an additional 25% tariff on Indian exports to the US, on top of another 25% levy, for its Russian oil and gas imports. That led to the country sharply cutting down on its purchases. As of last week, China's state-owned and large private refiners had purchased around 13 cargoes of western Russian crude for October delivery and at least two cargoes for November, said Muyu Xu, senior crude oil analyst at Kpler, which tracks commodities and shipping data. The 15 cargoes of oil, each typically ranging from 700,000 to 1 million barrels, will be loaded from Russia's Arctic and Black Sea ports – supplies that usually go to India instead of China, given its distance, Xu said. Reuters reported earlier this week that China had secured 15 Russian cargoes for the same period, citing analysts. Xu said the buying reflected an 'opportunistic' move, with the price of Russian oil remaining at least $3 per barrel cheaper than Middle Eastern alternatives. 'As for whether China will continue buying, I personally believe that right now is still a very good opportunity, because over in India, Trump is still pressing hard on them,' she said. On Friday, following his landmark meeting with Russian President Vladimir Putin, Trump told Fox News that he was not immediately considering retaliatory tariffs on China over its purchase of Russian oil, but suggested he may do so 'in two weeks or three weeks.' 'Taking advantage of this opportunity while prices are low, I think more refineries will probably consider buying more, within a week or two,' Xu said, referring to Chinese refiners. Last year, India imported $53 billion worth of petroleum and crude oils from Russia, according to data aggregated by the United Nations. Before the recent cuts, Russian supplies accounted for 36% of Indian market, making the country its largest source of crude, according to Vortexa, an energy data firm. China has also increased imports of discounted Russian oil since Moscow's invasion of Ukraine. Russia provides 13.5% of China's crude imports, according to Vortexa. Last year, China imported $62.6 billion worth of Russian petroleum and crude, the UN data shows. Xu said China is unlikely to make up for the shortfall in India's purchases of Russian oil, as India buys around 1.7 million barrels per day from Russia, while China purchases only about 1.2 million barrels of seaborne Russian oil per day. 'If India keeps holding off on buying, that's going to be a real problem for Russia – China just can't take on all of India's volume by itself,' she said.


See - Sada Elbalad
3 hours ago
- See - Sada Elbalad
The Reins of Real Development
By Pr. Abdelhak Azzouzi Anyone who follows most of the recommendations of international organizations concerned with development issues will see that they call for the need to correct some aspects of structural imbalance in some economies by reducing expenditures and having their countries develop comprehensive short- and long-term economic plans. The plans aim to direct their economies toward activities that help diversify and vary their sources of national income and accelerate sustainable development efforts. They also call for increased attention to knowledge production by creating appropriate legislative and economic environments that create the appropriate conditions for this important element, which can provide another source of income. Many of these recommendations also focus on the need to invest in the human factor, without which the interests of people and generations are lost. Countries like Japan and South Korea, which do not have any natural resources, invested in their human capital after the end of World War II and became advanced nations, where their scientific research has become advanced and has nourished them into proverbial nations. Today, it is everyone's responsibility in the Arab world to invest in human capital and make bold decisions to achieve compatibility between scientific, professional, and technical training with the requirements of the modern economy, encourage scientific research and innovation, and engage in the knowledge and communication economy and society. Institutionalizing scientific research and providing it with an institutional climate and sufficient financial resources is what has made industrialized countries reach the level of development and progress they have reached in various fields. When there is a deficiency or negative change, we see how they lose significant points on the scale of developed nations. France, for example, invests only 2.2 percent of its GDP in research and development, which is lower than in some countries. Although this figure is considered a large investment, it is lower than some countries that set higher budgets for scientific research, such as Israel which invests 5.5 percent, and South Korea, which invests 4.9 percent of its GDP; This is lower than those that invest more than 3 percent of their GDP in scientific research and university training, such as the United States, Sweden, Switzerland, Japan, Austria, and Germany. This is lower than the countries that invest more than 3 percent of their GDP in scientific research and university education, such as the United States, Sweden, Switzerland, Japan, Austria, and Germany. According to leading experts, France has lagged in recent years in terms of industry and development. Some might say it's a matter of resources and financial crises, but I say it's a matter of will. Belgium, for example, is a small country that, more than a decade and a half ago, invested only 2 percent of its GDP in scientific research. Today, it invests 3.4 percent of its GDP in this field. This placed France in 17th place globally, after previously ranking first. Furthermore, it used to rank eighth globally in the production of peer-reviewed scientific articles, and now it ranks 13th globally. Another observation I would like to make in this analysis is that many ministers, economic officials, and politicians in Western countries lack the basics of advanced scientific research, which is reflected in their public policies. I have researched extensively to explain France's partial delay in industrialization, and found that the ruling elite is far removed from the world of scientific research. In the top schools from which this ruling elite graduated, the collegians do not go on to complete their doctoral dissertations. Thirty percent of engineers at the faculties of technical sciences, 20 percent of engineers at the School of Mines, and less than 10 percent of graduates at the Higher Schools of Business and Political Science Institutes do not complete their doctoral research. I still remember that when I was pursuing my studies at the Institute of Political Science in Toulouse, France, we were only four students out of a group of 30 who discussed their doctorates. The trilogy of university, skilled scientific research, and industry is what builds advanced nations, strengthens their industries, and contributes to the present and future. Japan is a country with a very limited area, yet it represents the world's second-largest economy. There is not a house worldwide without a machine, computer, or phone made in this country; Japan is a giant factory built on the trifecta of university, skilled scientific research, and industry, as well as on insightful public policies in the field of advanced industries and realistic investments. It imports all raw materials to produce manufactured goods to export to all countries of the world. Take a European country, Switzerland, which, despite not growing cocoa, produces and exports the best chocolate in the world. Furthermore, regardless of its geography and limited agricultural area, it produces the most important dairy products in the world. read more Analysis- Turkey Has 0 Regional Allies... Why? Analysis: Russia, Turkey... Libya in Return For Syria? Analysis: Who Will Gain Trump's Peace Plan Fruits? Analysis: Will Turkey's Erdogan Resort to Snap Election? Analysis: What Are Turkey's Aspirations in Iraq? Opinion & Analysis Analysis: Mercenaries In Libya... 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