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Egypt Independent
22-07-2025
- Politics
- Egypt Independent
Egypt's Foreign Ministry urges the delivery of humanitarian aid to Gaza amid famine
Minister of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs Badr Abdelatty called on the urgency of delivering humanitarian and medical aid to Gaza in light of the famine gripping it. Abdelatty's remarks came during a press conference with Reem Alabali Radovan, German Minister for Economic Cooperation and Development, and Minister of Planning and International Cooperation Rania al-Mashat, at the Cabinet headquarters in New Alamein City. 'There are sincere Egyptian efforts to quickly reach a ceasefire in Gaza,' he said, adding that 'We hope to reach a ceasefire agreement soon.' Egypt has also strongly condemned the Israeli occupation army's bombing and targeting of places of worship in the Gaza Strip, including mosques and churches, most recently the Latin Monastery Church in Gaza. This action is described as a new crime and a blatant violation of international humanitarian law. Earlier in May, Egyptian Foreign Minister Badr Abdelatty stressed that there will be no security or stability in the region without a solution to the Palestinian issue, calling for a return to the ceasefire agreement in Gaza signed in January. At the time, he affirmed Egypt's continued efforts to reach an agreement that guarantees the release of all hostages, halts the bloodshed against innocent Palestinian civilians, and ensures the entry of aid. 'The international community's silence on this situation is shameful,' he said, and noted that starvation is being used as a weapon against the Palestinian people.
Daily News Egypt
21-07-2025
- Business
- Daily News Egypt
Egypt, Germany to expand partnership with new €100m debt swap
Egypt and Germany are expanding their economic partnership with a focus on innovative financing and private sector investment, with a new €100m ($109m) tranche under a debt-for-development swap programme to be activated by mid-2026, Egypt's Planning and International Cooperation Minister said on Sunday. Speaking at a joint press conference, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said the visit of German Federal Minister for Economic Cooperation and Development, Reem Alabali-Radovan, sent a strong message of partnership at a time of significant global and regional sensitivity. Al-Mashat said the two countries enjoy a strategic partnership that has evolved into a comprehensive collaboration, with Germany being one of Egypt's largest European partners in development cooperation, trade, and investment. Around 1,600 German companies operate in Egypt with total investments exceeding €6 billion in sectors including the green transition and manufacturing. The trade volume between the two countries is approximately €6.8 billion. Al-Mashat highlighted several key areas of cooperation, including: DEBT-FOR-DEVELOPMENT SWAP: The total value of the Egypt-Germany debt swap programme is €340m, with the new €100m tranche to be activated in December 2025 and June 2026. The programme has funded projects in technical education, health, climate action, and water and sanitation. GREEN TRANSITION: Germany is a key supporter of the energy pillar of Egypt's 'NWFE' country platform, having allocated €258m in concessional financing, grants, and debt swaps to support the electricity network and the integration of renewable energy projects. Additionally, the German-financed PtX Development Fund provided €30m to Norway's Scatec for its green hydrogen project in the Suez Canal Economic Zone. FINANCIAL COOPERATION: A financial cooperation agreement signed in May 2025 includes a €118m funding package for technical education and the integration of renewable energy into the grid. Al-Mashat said a new round of intergovernmental negotiations will be held by the end of this year to agree on priorities for the coming period. The minister also noted that Egypt values Germany's efforts within the European Union to finalise a €5bn macroeconomic support mechanism and budget support for Egypt. Al-Mashat said her discussions with her German counterpart included increasing development financing for the private sector through German financial institutions and establishing a new platform, similar to NWFE, to mobilise international partnerships for industrial development. She also highlighted the effective partnership with the German Agency for International Cooperation (GIZ) in developing technical education to support national employment priorities. 'Egypt's economy is showing notable improvement in growth indicators, and we are working on enhancing macroeconomic stability to attract more foreign investment,' Al-Mashat said, adding that these efforts are part of a national plan to structurally transform the economy towards export-oriented sectors.
Daily News Egypt
20-07-2025
- Business
- Daily News Egypt
Egypt, Germany discuss strengthening cooperation and the Gaza crisis
Egyptian Prime Minister Moustafa Madbouly met on Sunday with Germany's new Federal Minister for Economic Cooperation and Development, Reem Alabali-Radovan, to discuss deepening their bilateral partnership, with a focus on sustainable development and the humanitarian crisis in the Gaza Strip. During the meeting in New Alamein City, the German minister affirmed her country's support for Egypt's efforts regarding the situation in Gaza, backing the two-state solution and rejecting the displacement of Palestinians. Madbouly stated that the long-standing partnership between the two nations is built on shared interests and a commitment to advancing sustainable development. 'The long-term partnership between Egypt and Germany is based on common interests and mutual commitments to advance sustainable development efforts,' Madbouly said, noting that German development cooperation with Egypt focuses on expanding renewable energy, enhancing energy efficiency, developing technical education, improving water resource management, and strengthening the private sector. The meeting was also attended by Egypt's Minister of Planning and Economic Development, Rania Al-Mashat, and Minister of Foreign Affairs, Badr Abdelatty. The German minister, on her first visit to Egypt, expressed her confidence that the visit would yield positive results for the mutual interests of both countries. 'Reem Alabali-Radovan affirmed the strength and diversity of the relations that bind Egypt and Germany in various fields, especially economic,' a government statement said. On the regional situation, the minister stated that her visit 'confirms Germany's support for the Egyptian role regarding the humanitarian crisis in the Gaza Strip, renewing her country's support for the two-state solution and its rejection of the displacement of Palestinians from their land.' Madbouly noted that Egypt and Germany had recently taken practical steps to expand their cooperation, signing economic and development agreements alongside debt-swap programmes and other joint initiatives. He expressed Egypt's keenness to broaden cooperation and its hope for Germany's support for Egyptian-European relations within the framework of theEuropean Union. During the meeting, Planning Minister Rania Al-Mashat said the bilateral economic cooperation portfolio between Egypt and Germany amounted to about 1.6 billion euros. She stated these funds aim to implement development projects in priority sectors such as energy, climate, water supply, sanitation, irrigation, migration, solid waste management, and enhancing private sector competitiveness. Al-Mashat also expressed her aspiration to diversify cooperation frameworks and attract more German investment, technical support, and expertise to support the resilience of the Egyptian economy and its economic reform programme. Foreign Minister Badr Abdelatty expressed his hope to elevate bilateral relations to the level of a strategic partnership and stressed the importance of attracting more German investment to Egypt, particularly in light of the improving investment climate. Abdelatty also addressed the economic burdens on Egypt from hosting more than 10 million migrants and refugees, expressing his hope for support to alleviate these pressures and enhance cooperation on migration issues. He outlined Egypt's efforts to reach a ceasefire in Gaza and said he looked forward to Germany's high-level participation in a post-ceasefire recovery and reconstruction conference for the strip.
See - Sada Elbalad
20-07-2025
- Business
- See - Sada Elbalad
Zaki Meets German Development Minister to Discuss Gaza Crisis
Mohamed Mandour Ambassador Hossam Zaki, Assistant Secretary-General of the Arab League, received on Saturday German Federal Minister for Economic Cooperation and Development, Ms. Reem Radovan, at the League's headquarters in Cairo. The meeting focused on the latest political and humanitarian developments in the Gaza Strip amid continued Israeli military operations. Zaki emphasized the urgent need for an immediate ceasefire as a critical step toward a permanent solution that ensures stability in Gaza. He reiterated the importance of enabling early recovery initiatives and bolstering international efforts for reconstruction following what he described as widespread destruction caused by the Israeli assault. He pointed to the Arab Reconstruction Plan for Gaza, adopted by Arab leaders in March, which outlines a comprehensive vision starting with emergency relief and early recovery, and culminating in full reconstruction. The plan, Zaki noted, aims to preserve Palestinian presence on their land and prevent any attempts at forced displacement. The two also discussed the upcoming Two-State Solution Conference scheduled to take place at the United Nations headquarters in New York at the end of July. Zaki underscored the significance of the event and its symbolic timing, expressing satisfaction that it will be held despite the severe challenges facing the Palestinian cause since October 2023. He confirmed that the Arab League will actively participate in the conference, co-leading one of its working groups in partnership with the European Union. Minister Radovan reaffirmed Germany's interest in contributing to peace and security in Gaza and reiterated her country's support for the Arab-led reconstruction plan. She stressed Berlin's commitment to working with regional and international partners to ensure aid is delivered fairly and effectively. The minister also restated Germany's support for a two-state solution and rejection of any Israeli annexation measures, whether in Gaza or the West Bank. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Arts & Culture "Jurassic World Rebirth" Gets Streaming Date Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
20-07-2025
- Business
- See - Sada Elbalad
Germany Pledges Post-Conflict Aid for Gaza Reconstruction
Israa Farhan Germany has expressed its readiness to assist in the reconstruction of the Gaza Strip once conditions on the ground are deemed stable, according to Minister for Economic Cooperation and Development Reem Alabali-Radovan. Speaking during an official visit to Egypt, Alabali-Radovan stated that Germany is committed to supporting critical infrastructure projects in Gaza, including the restoration of water and energy systems, as well as housing development. Her remarks were reported by the German Press Agency (DPA). She emphasized , however, that such support is contingent upon a durable ceasefire in the region, underlining that aid efforts can only proceed when security conditions allow. Efforts to broker a lasting truce are ongoing. On July 6, indirect talks resumed in Doha between Hamas and Israel, with mediation by Egypt, Qatar, and the United States. Qatari Foreign Ministry spokesperson Majed bin Mohammed al-Ansari noted on July 8 that discussions remain fluid, with mediators working to narrow the gap between the parties' positions. He cautioned that reaching a final agreement will require time. Germany's commitment signals growing international support for rebuilding efforts in Gaza, pending the resolution of hostilities. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Arts & Culture "Jurassic World Rebirth" Gets Streaming Date Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks
