Latest news with #ArabMashreq
Egypt Independent
16 hours ago
- Politics
- Egypt Independent
Egypt, Saudi Arabia FMs praise strong bilateral ties
Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty held a phone call with his Saudi counterpart Faisal bin Farhan, reaffirming the strength of relations and the historical and fraternal bonds between the two nations. They praised the significant growth of these ties under the directives of President Abdel Fattah al-Sisi and Saudi King Salman Bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. The ministers stated that such developing relations are reflected in distinguished cooperation and ongoing coordination between the two countries across all areas of bilateral cooperation, as well as on regional and international files of mutual concern. The call comes as part of the ongoing coordination and the eternal fraternal relations between Egypt and the Kingdom of Saudi Arabia. The call reflected harmony in visions and stances between the two sisterly countries and their shared desire to further strengthen bilateral relations and work towards political and diplomatic solutions to the crises affecting the region and the world. Both ministers discussed developments in the region, particularly the Palestinian cause and the catastrophic situation in the Gaza Strip and addressed ongoing efforts to resume a ceasefire in Gaza. Abdelatty highlighted Egypt's intensive communications with all parties to reach a ceasefire and ensure the delivery of humanitarian aid to the Gaza Strip. They also discussed the upcoming conference on the early recovery and reconstruction of Gaza, which Egypt plans to host in cooperation with the United Nations and the Palestinian government once a ceasefire is achieved. The ministers reviewed intensive communications underway to solidify the ceasefire between Iran and Israel and resume negotiations on Iran's nuclear program in a manner that contributes to de-escalation and the achievement of calm. They also exchanged views on developments in Sudan and the Levant (Arab Mashreq) region. The ministers agreed to continue consultations and coordination to serve mutual interests and support security and stability in the region, in line with the directives of their countries' leaderships.
Jordan Times
28-04-2025
- Business
- Jordan Times
NEPCO hosts 4th meeting on Arab Mashreq energy exchange project
The National Electric Power Company on Monday hosts the fourth meeting of the pilot project for energy exchange among the Arab Mashreq countries (Petra photo) AMMAN — The National Electric Power Company (NEPCO) on Monday hosted the fourth meeting of the pilot project for energy exchange among Arab Mashreq countries, serving as the 'nucleus' for the Arab Common Electricity Market. NEPCO is hosting the meeting, held under the auspices of the Arab League, on Monday and Tuesday, the Jordan News Agency, Petra, reported. The Ministry of Energy and Mineral Resources and NEPCO represented the Kingdom at the meeting, alongside their counterparts from Saudi Arabia and Egypt. The meeting sought to reach agreement on the technical aspects necessary to establish the pilot project, setting the stage for the accession of additional Arab countries in subsequent phases. This initiative marks the foundation for establishing a common Arab electricity market grounded in commercial and economic principles. It aims to deliver energy to the region's populations at the 'lowest cost and highest quality,' while supporting the transition to renewable energy sources and reducing carbon emissions. The project is 'important' for advancing Arab economic integration, in line with the Arab League's objectives of enhancing economic cooperation among member states. It also aims to facilitate regional energy trade and bolster energy security by linking national grids and creating an official regional electricity market. Future plans envision linking the power systems of all Arab countries, promoting investment opportunities and saving billions of dollars by reducing costs and minimising the need for new power plants. According to studies published by the Arab League, these interconnection projects are expected to be completed by 2038. Jordan, Saudi Arabia, and Egypt were selected for the pilot project based on existing electricity links between Jordan and Egypt, which have been in place for more than two decades, as well as the ongoing 3,000-megawatt interconnection project between Egypt and Saudi Arabia, expected to be operational by the end of 2025. Negotiations are ongoing between Jordan and Saudi Arabia to finalise their electricity interconnection agreement, Petra added.
Ammon
28-04-2025
- Business
- Ammon
Amman hosts meeting on Arab Mashreq energy exchange project
Ammon News - The capital, Amman, hosted the fourth meeting of the pilot project for energy exchange among the countries of the Arab Mashreq, serving as the nucleus for the Arab Common Electricity National Electric Power Company (NEPCO) hosted the meeting, held under the auspices of the Arab League on April 27 and Ministry of Energy and Mineral Resources and NEPCO represented the Kingdom at the meeting, alongside their counterparts from the Kingdom of Saudi Arabia and the Arab Republic of meeting sought to reach agreement on the technical aspects necessary to establish the pilot project, setting the stage for the accession of additional Arab countries in subsequent initiative marks the foundation for establishing a common Arab electricity market grounded in commercial and economic principles. It aims to deliver energy to the region's populations at the lowest cost and highest quality, while supporting the transition to renewable energy sources and reducing carbon project holds particular significance for advancing Arab economic integration, in line with the Arab League's objectives of enhancing economic cooperation among member states. It also aims to facilitate regional energy trade and bolster energy security by linking national grids and creating an official regional electricity plans envision linking the power systems of 22 Arab countries, promoting investment opportunities and saving billions of dollars by reducing costs and minimizing the need for new power plants. According to studies published by the Arab League, these interconnection projects are expected to be completed by Saudi Arabia, and Egypt were selected for the pilot project based on existing electricity links between Jordan and Egypt, which have been in place for more than two decades, as well as the ongoing 3,000-megawatt interconnection project between Egypt and Saudi Arabia, expected to be operational by the end of 2025. Negotiations are ongoing between Jordan and Saudi Arabia to finalize their electricity interconnection agreements. Petra
