Latest news with #RenaissanceDam
Saba Yemen
20 hours ago
- Politics
- Saba Yemen
Popular Front for Liberation of Palestine: Trump's Admission of U.S. Funding for Grand Ethiopian Renaissance Dam is proof of American involvement in destabilizing region
Gaza – Saba: The Popular Front for the Liberation of Palestine (PFLP) stated on Sunday evening that U.S. President Donald Trump's admission that "the Grand Ethiopian Renaissance Dam was built with stupid American funding, which significantly reduced the Nile's water flow," is further confirmation of the ongoing criminal schemes by the U.S. administration to undermine the stability and sovereignty of Arab nations, particularly Egypt, in service of Zionist interests. In a statement received by the Yemeni News Agency (SABA), the PFLP emphasized that this public admission clearly exposes the extent of American military, political, and financial involvement in supporting projects that target the security and historical rights of Arab peoples, particularly Egypt's water security, which is a cornerstone of its national stability. The statement pointed out that "U.S. backing for the Renaissance Dam project, along with Zionist involvement in supporting it and systematically inciting against Egypt, is an integral part of a malicious scheme to drain Egypt's resources and weaken its regional role, serving the broader Zionist domination project." It added, "It has become evident that this project is part of a wider multi-faceted aggression against regional states, as the U.S. employs both direct and indirect tools to dismantle national sovereignty structures and penetrate societies through water, economic, and conflict-related means." The statement further noted that "these policies, now practiced under the guise of development and diplomacy, are nothing but an extension of colonialism in new forms." The PFLP called for "a unified Arab and African stance to confront these policies, which now threaten Egyptian national security and the future of entire nations." It demanded "exposing and documenting the American and Zionist role in fueling conflicts, and building popular and official opposition to these policies based on bullying and unilateralism." The Front reaffirmed "the right of nations, especially Egypt, to defend their sovereignty and resources, including taking deterrent measures to halt this reckless behavior by the U.S. administration." It stressed that "targeting Egypt today is a link in a long chain of conspiracies against the region, and confronting this project requires clear political will and a conscious popular movement to curb this comprehensive American-Zionist aggression against the peoples, sovereignty, lands, and resources of the region." Whatsapp Telegram Email Print
Egypt Today
07-04-2025
- Business
- Egypt Today
France, Egypt deepen economic ties with €260 Million in New Agreements
CAIRO - 7 April 2025: French President Emmanuel Macron revealed that France is strengthening its economic partnership with Egypt through new agreements totaling over €260 million in grants and loans. The announcement came during a joint press conference with Egyptian President Abdel Fattah El-Sisi in Cairo. Macron explained that the funds—channeled through the French Development Agency—will target key sectors in Egypt such as energy, transportation, water resources, and sanitation services. He also emphasized that French investments in Egypt have now reached €7 billion, a figure that reflects France's long-term commitment to the Egyptian economy and its support for sustainable development initiatives. President El-Sisi, in turn, expressed confidence in the growing economic collaboration between the two nations. He noted a shared intention to boost cooperation in railway manufacturing, which is expected to play a central role in modernizing Egypt's transport infrastructure. El-Sisi also highlighted Egypt's anticipation of receiving the second installment of a €4 billion EU support package, stressing the importance of timely financial support in advancing national development goals. Beyond economic matters, the two leaders discussed regional challenges, including the Grand Ethiopian Renaissance Dam (GERD). El-Sisi reiterated Egypt's unwavering stance on adhering to international law in resolving the dispute. Macron pledged France's commitment to facilitating a fair and balanced resolution with Ethiopia, and voiced support for Egypt's right to protect its water security under international legal frameworks.
