Latest news with #EU-EgyptStrategicandComprehensivePartnership
Middle East
14-05-2025
- Business
- Middle East
OPEN// Egypt, Finland hold 1st round of political talks since 2019
CAIRO, May 14 (MENA) - Assistant Foreign Minister for European Affairs Ambassador Wael Hamed and Permanent Secretary of State of the Finnish Ministry of Foreign Affairs Jukka Salovaara co-chaired the first round of political consultations between both countries since 2019 on Wednesday. During this round of talks, the Egyptian diplomat reviewed the progress of economic and investment cooperation, noting that volume of trade and investment exchange between Egypt and Finland does not live up to the expectations of both countries in view of their great potentials. He also highlighted the developments in Egypt's infrastructure sector, which plays a key role in luring foreign investments. The talks also covered EU-Egypt Strategic and Comprehensive Partnership, and Egypt's aspiration for Finland's continued support to serve Egyptian interests within the European Union, including the disbursement of a €4 billion second tranche of a larger €7.4 billion macro-financial assistance (MFA) package. Meanwhile, the Finnish side expressed an interest in boosting the volume of economic and investment cooperation between both countries, asserting Finland's commitment to explore joint cooperation opportunities with Egypt, which offers an investment-friendly environment. They also highlighted the success of Finnish companies and their positive outlook for the Egyptian business sector, given the state's remarkable efforts to empower the private sector, as well as the benefits available to small businesses and startups. Finland is one of the hottest startup hubs in Europe. The two sides also shed light on a number of sectors of common interest that will be focused on during the coming period to advance joint cooperation, such as the ICT, energy, higher education and vocational training, air and maritime transportation sectors. They also affirmed the two countries' keenness on intensifying cooperation between the Cairo International Center for Conflict Resolution, Peacekeeping and Peacebuilding and the Center for Peace Mediation in Finland. During the talks, the two sides shared their views on a wide range of regional and international issues of mutual concern, including ongoing developments in the Middle East, especially in Gaza, as well as the situation in Libya, Syria, Lebanon, Sudan, Somalia, and the Horn of Africa. They also discussed the situation in the Red Sea, the latest developments of the Russian-Ukrainian crisis, and a raft of multilateral issues, such as the role of international organizations and groupings in addressing global issues. The two sides concluded their talks by agreeing to work on finalizing some memorandums of understanding (MoUs) that are still pending, and study the formation of a joint business council led by a group of businessmen from both countries, as part of mutual efforts for strengthening Egyptian relations with European countries, especially in the Nordic region. The Finnish president is expected to visit Egypt soon. (MENA) M A A/S R E
Egypt Independent
30-04-2025
- Business
- Egypt Independent
Egypt, Sweden hold 4th round of political talks in Cairo
Assistant Foreign Minister for European Affairs Ambassador Wael Hamed and Director General for Global Affairs at the Swedish Ministry for Foreign Affairs Mikael Lindvall co-chaired the fourth round of political consultations between both countries here on Tuesday. During this round of talks, the Egyptian diplomat reviewed the progress of economic and investment cooperation, including ongoing preparations for the visit of the Swedish Minister for International Development Cooperation and Foreign Trade to Cairo next month, as well as the 2nd session of the Egyptian-Swedish Business Forum on the sidelines of the visit. The talks also covered EU-Egypt Strategic and Comprehensive Partnership, and Egypt's aspiration for Sweden's continued support to serve Egyptian interests within the European Union, including the disbursement of a €4 billion second tranche of a larger €7.4 billion macro-financial assistance (MFA) package. Meanwhile, the Swedish side hailed the volume of economic and investment cooperation between both countries, noting that over 250 Swedish companies are operating in Egypt and contributing to the advancement of the Egyptian economy. These companies also contribute to the growth of various Egyptian sectors, including healthcare, transportation, manufacturing, and ICT industries, Swedish officials said, highlighting the role of Sweden's first telephone company 'Ericsson' in developing the 5G network in Egypt. During the talks, the two sides shared their views on a wide range of regional and international issues of mutual concern, including ongoing developments in the Middle East, especially in Gaza, as well as the situation in Libya, Syria, Lebanon, Sudan, Somalia, and the Horn of Africa. They also discussed the situation in the Red Sea, the latest developments of the Russian-Ukrainian crisis, and a raft of multilateral issues, such as the role of international organizations and groupings in addressing global issues. The two sides agreed to continue exchanging high-level visits to boost Egyptian relations with European countries, especially in the Nordic region.
Middle East
30-04-2025
- Business
- Middle East
OPEN// Egypt, Sweden hold 4th round of political talks in Cairo
CAIRO, April 29 (MENA) - Assistant Foreign Minister for European Affairs Ambassador Wael Hamed and Director General for Global Affairs at the Swedish Ministry for Foreign Affairs Mikael Lindvall co-chaired the fourth round of political consultations between both countries here on Tuesday. During this round of talks, the Egyptian diplomat reviewed the progress of economic and investment cooperation, including ongoing preparations for the visit of the Swedish Minister for International Development Cooperation and Foreign Trade to Cairo next month, as well as the 2nd session of the Egyptian-Swedish Business Forum on the sidelines of the visit. The talks also covered EU-Egypt Strategic and Comprehensive Partnership, and Egypt's aspiration for Sweden's continued support to serve Egyptian interests within the European Union, including the disbursement of a €4 billion second tranche of a larger €7.4 billion macro-financial assistance (MFA) package. Meanwhile, the Swedish side hailed the volume of economic and investment cooperation between both countries, noting that over 250 Swedish companies are operating in Egypt and contributing to the advancement of the Egyptian economy. These companies also contribute to the growth of various Egyptian sectors, including healthcare, transportation, manufacturing, and ICT industries, Swedish officials said, highlighting the role of Sweden's first telephone company 'Ericsson' in developing the 5G network in Egypt. During the talks, the two sides shared their views on a wide range of regional and international issues of mutual concern, including ongoing developments in the Middle East, especially in Gaza, as well as the situation in Libya, Syria, Lebanon, Sudan, Somalia, and the Horn of Africa. They also discussed the situation in the Red Sea, the latest developments of the Russian-Ukrainian crisis, and a raft of multilateral issues, such as the role of international organizations and groupings in addressing global issues. The two sides agreed to continue exchanging high-level visits to boost Egyptian relations with European countries, especially in the Nordic region. (MENA) M A A/S R E
Egypt Independent
04-03-2025
- Business
- Egypt Independent
Gov't spokesman: Egypt, EU agree on importance of achieving security, stability in ME
Cabinet Spokesman Counselor Mohamed al-Homosany said on Monday 3/3/2025 that there is a broad consensus between Egypt and the European Union on the importance of achieving stability in the Middle East region, a matter that will reflect positively on development efforts and security of EU countries. In a telephone interview for 'Haza El Sabah' (This Morning) on Extra News channel, the spokesman said that the two sides have common goals and interests regarding different regional issues, topped by the situation in the occupied Palestinian territories. The state of instability is clear in illegal immigration cases and unrest in the Middle East due to geographical factors, which in turn negatively affects the EU states, he added. He further underlined that Egypt has strategic ties with the EU and cooperates in many sectors, including renewable energy, IT, education, and knowledge. He cited Prime Minister Mostafa Madbouly meeting with EU Commissioner for the Mediterranean Dubravka Šuica, saying it came within the framework of the European official's follow-up of efforts made to implement the EU-Egypt Strategic and Comprehensive Partnership that was signed in March 2024. He noted that Egypt signed many agreements with the EU in the area of renewable energy, particularly in green hydrogen. This partnership is based on the needs of the European market for green hydrogen and gives Egypt a great opportunity to produce renewable energy and export it to EU countries, Homosany added. Egypt provides all the necessary capabilities to attract investors in the renewable energy domain, he said, adding Egypt is also working to diversify its energy sources through the gradual increase of its renewable energy sources. The post Gov't spokesman: Egypt, EU agree on importance of achieving security, stability in ME appeared first on Egypt Independent.
