Latest news with #Egyptian-UAE
See - Sada Elbalad
6 days ago
- Business
- See - Sada Elbalad
Sisi Meets UAE President in Abu Dhabi to Deepen Strategic Ties
H-Tayea Egyptian President Abdel Fattah El-Sisi was warmly received by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, at Abu Dhabi International Airport. Following an official reception ceremony, the two leaders held a bilateral meeting at Al Shati Palace to discuss strategic cooperation and regional developments. According to Presidential Spokesperson Ambassador Mohamed El-Shennawy, the meeting underscored the strength of Egyptian-UAE relations and the leaders' shared commitment to expanding bilateral cooperation, particularly in economic, trade, and investment sectors, to serve the mutual interests of both nations and their peoples. The leaders also reviewed pressing regional issues, foremost among them the crisis in Gaza. They jointly called for an immediate and comprehensive ceasefire, as well as the urgent exchange of prisoners and detainees. Sheikh Mohamed bin Zayed commended Egypt's pivotal mediation role and its unwavering humanitarian efforts since the onset of the crisis, especially in alleviating the suffering of civilians in Gaza. President El-Sisi and Sheikh Mohamed bin Zayed reiterated the need to ensure unimpeded humanitarian aid delivery to Gaza in quantities sufficient to address the dire conditions on the ground. Both affirmed their support for a two-state solution as the only viable path to a just and lasting peace in the Middle East. Beyond Gaza, the discussions extended to developments in Lebanon, Syria, Sudan, Libya, Yemen, and Somalia. The two leaders emphasized the paramount importance of safeguarding the sovereignty, security, and territorial integrity of all Arab states. They expressed a shared vision for a region built on stability, prosperity, and mutual respect for national interests. 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 China Launches Largest Ever Aircraft Carrier News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Middle East
04-05-2025
- Business
- Middle East
OPEN// PM: Egypt-UAE relations fraternal, deep-rooted at popular, leadership levels
CAIRO, May 4 (MENA) - Prime Minister Moustafa Madbouli on Sunday said Egypt and the UAE share strong, fraternal relations at the popular and political leadership levels. The deep-rooted diplomatic and economic relations between the two countries are demonstrated by joint strategic projects that contribute to achieving sustainable development for their peoples, according to him. Madbouli made the remarks on the sidelines of the signing ceremony of an agreement for the development of the 'Kezad East Port Said' zone, an industrial and logistics hub to be established through a partnership between Egypt's General Authority for the Suez Canal Economic Zone (SCZone) and Abu Dhabi Ports Group. The ceremony took place in Cairo in the presence of senior officials from both countries, including Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir, Minister of Electricity and Renewable Energy Mahmoud Esmat, UAE Minister of Industry and Advanced Technology Sultan Al Jaber, UAE Minister of Investment Mohamed Al Suwaidi, SCZone Chairman Walid Gamal El-Din, and Abu Dhabi Ports CEO Mohamed Juma Al Shamisi. Madbouli hailed the project as a "landmark" achievement and "new chapter" of economic and investment cooperation between Egypt and the UAE. "Our meeting today to launch the 'Kezad East Port Said' project embodies the spirit of effective partnership between the two countries and reflects the development and growth of Egyptian-UAE relations in various fields," Madbouli said. The volume of trade exchange between Egypt and the UAE reached $6 billion last year, Madbouli said, adding that cooperation between the SCZone and Abu Dhabi Ports Group reflects mutual trust and a shared vision towards a prosperous economic future. The agreement on the development of Kezad East Port Said zone grants Abu Dhabi Ports a 50-year renewable usufruct right to develop and operate the 20-square-kilometer zone near the Mediterranean city of Port Said. The project is expected to enhance global trade flows between the East and the West by leveraging the zone's strategic location at the northern entrance of the Suez Canal. Under the deal, Abu Dhabi Ports will lead the development, construction, financing, and management of the industrial and logistics zone in multiple phases. The first phase, covering 2.8 square kilometers, is set to begin by the end of 2025, with an initial investment of $120 million earmarked for technical and market studies and infrastructure development. A 1.5-kilometer berth, potentially housing a multipurpose cargo terminal, is also planned. (MENA) A A E/R E E
