Latest news with #Arab-backed
Egypt Today
23-04-2025
- Business
- Egypt Today
FM affirms Egypt's keenness on boosting trade relations, investments with US
CAIRO – 23 April 2025: Foreign Affairs and Emigration Minister Badr Abdelatty asserted Egypt's keenness on boosting economic, trade and investment cooperation with the United States as a fundamental pillar of the strategic partnership between the two countries. The minister's remarks were made during his meeting with Chairman of AmCham Egypt Tareq Tawfiq and his accompanying delegation. In statements on Wednesday, Spokesman for the Foreign Ministry Tamim Khallaf said that Abdelatty lauded the active role played by AmCham Egypt in strengthening economic and investment ties between the two countries. Abdelatty also underlined the approval and adoption of motor vehicle safety standards after long-term negotiations, as well as continuing the procedures for signing the Customs Mutual Assistance Agreement (CMAA) between the US side and the Egyptian Customs Authority. The foreign minister also reviewed the State's efforts and reforms during the recent period to create a conducive investment climate in Egypt, develop the business environment, and address challenges facing investors. Abdelatty stressed that attracting direct foreign investments (FDIs) is a top priority for the Egyptian government. The two sides also discussed Egypt's stance towards regional developments, topped by the Palestinian issue and its efforts to restore calm, resume the ceasefire, and garner up support for the Arab-backed plan for the reconstruction of Gaza. The two sides also discussed the ongoing arrangements for Egypt's Future Economy Forum, set for Cairo in May. The forum is organized in coordination with the US Chamber of Commerce, with the participation of representatives of major US and Egyptian companies and economic institutions. The forum will review the investment opportunities available in various sectors in Egypt, and means to promote Egypt-US economic partnership.
Middle East
23-04-2025
- Business
- Middle East
OPEN// FM asserts Egypt's keenness on boosting economic, trade, investment cooperation with US
CAIRO, April 23 (MENA) - Foreign Affairs and Emigration Minister Badr Abdelatty asserted Egypt's keenness on boosting economic, trade and investment cooperation with the United States as a fundamental pillar of the strategic partnership between the two countries. The minister's remarks were made during his meeting with Chairman of AmCham Egypt Tareq Tawfiq and his accompanying delegation. In statements on Wednesday, Spokesman for the Foreign Ministry Tamim Khallaf said that Abdelatty lauded the active role played by AmCham Egypt in strengthening economic and investment ties between the two countries. Abdelatty also underlined the approval and adoption of motor vehicle safety standards after long-term negotiations, as well as continuing the procedures for signing the Customs Mutual Assistance Agreement (CMAA) between the US side and the Egyptian Customs Authority. The foreign minister also reviewed the State's efforts and reforms during the recent period to create a conducive investment climate in Egypt, develop the business environment, and address challenges facing investors. Abdelatty stressed that attracting direct foreign investments (FDIs) is a top priority for the Egyptian government. The two sides also discussed Egypt's stance towards regional developments, topped by the Palestinian issue and its efforts to restore calm, resume the ceasefire, and garner up support for the Arab-backed plan for the reconstruction of Gaza. The two sides also discussed the ongoing arrangements for Egypt's Future Economy Forum, set for Cairo in May. The Forum is organized in coordination with the US Chamber of Commerce, with the participation of representatives of major US and Egyptian companies and economic institutions. The forum will review the investment opportunities available in various sectors in Egypt, and means to promote Egypt-US economic partnership. (MENA) R R N/M O H
Egypt Independent
29-03-2025
- Politics
- Egypt Independent
Egyptian, Saudi FMs discuss ongoing efforts to uphold ceasefire in Gaza
Foreign and Emigration Minister Badr Abdelatty discussed over the phone with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud ongoing Egyptian-Qatari efforts to maintain a ceasefire in Gaza and ensure the implementation of the three phases of the ceasefire agreement that came into force on January 19. They also discussed existing coordination with the United States and the Arab-backed plan for the early recovery and reconstruction of Gaza. The phone call falls within the framework of regular contacts between the two countries. It aims at following up on the outcome of the Cairo-hosted meetings of the Arab-Islamic Ministerial Committee on Gaza. The two ministers also reviewed the latest developments related to a number of regional crises in the Red Sea, Sudan and the Horn of Africa. They stressed the importance of continuing joint coordination to de-escalate the situation in the region and avoid plunging it into a state of heightened tension.
Al Etihad
11-03-2025
- Business
- Al Etihad
France, Germany, Italy and UK back Arab plan for Gaza reconstruction
8 Mar 2025 16:33 ROME (Reuters) The foreign ministers of France, Germany, Italy and Britain said on Saturday they supported an Arab-backed plan for the reconstruction of Gaza that would cost $53 billion and avoid displacing Palestinians from the enclave."The plan shows a realistic path to the reconstruction of Gaza and promises - if implemented - swift and sustainable improvement of the catastrophic living conditions for the Palestinians living in Gaza," the ministers said in a joint plan was drawn up by Egypt and adopted by Arab leaders on Egyptian proposal envisages the creation of an administrative committee of independent, professional Palestinian technocrats entrusted with the governance of Gaza after the end of the war in committee would be responsible for the oversight of humanitarian aid and managing the Strip's affairs for a temporary period under the supervision of the Palestinian Authority. The statement issued by the four European countries on Saturday said they were "committed to working with the Arab initiative," and they appreciated the "important signal" the Arab states had sent by developing it.
Asharq Al-Awsat
09-03-2025
- Politics
- Asharq Al-Awsat
4 European Countries Back Arab Plan for Gaza Reconstruction
The foreign ministers of France, Germany, Italy and Britain said on Saturday they supported an Arab-backed plan for the reconstruction of Gaza that would cost $53 billion and avoid displacing Palestinians from the enclave. "The plan shows a realistic path to the reconstruction of Gaza and promises – if implemented – swift and sustainable improvement of the catastrophic living conditions for the Palestinians living in Gaza," the ministers said in a joint statement, according to Reuters. The plan, which was drawn up by Egypt and adopted by Arab leaders on Tuesday, has been rejected by Israel and by US President Donald Trump, who has presented his own vision to turn the Gaza Strip into a "Middle East Riviera.' The Egyptian proposal envisages the creation of an administrative committee of independent, professional Palestinian technocrats entrusted with the governance of Gaza after the end of the war in Gaza between Israel and the Palestinian militant group Hamas. The committee would be responsible for the oversight of humanitarian aid and managing the Strip's affairs for a temporary period under the supervision of the Palestinian Authority. The statement issued by the four European countries on Saturday said they were "committed to working with the Arab initiative," and they appreciated the "important signal" the Arab states had sent by developing it. The statement said Hamas "must neither govern Gaza nor be a threat to Israel any more" and that the four countries "support the central role for the Palestinian Authority and the implementation of its reform agenda."
