Latest news with #SupremeCoordinationCouncil
Egypt Independent
21-05-2025
- Politics
- Egypt Independent
Relations between Egypt and Saudi Arabia are solid: Official
Egyptian Cabinet Spokesperson Mohamed al-Homsany said that the visit of the Speaker of the Saudi Shura Council to Egypt and his meeting with Prime Minister Mostafa Madbouly comes as part of reciprocal visits between both countries. During a phone interview with TV host Sherif Amer on the program 'Yahdoth Fi Masr' (Happening in Egypt), broadcast on MBC Masr, Homsany emphasized that relations between the two countries are strong and solid, with ongoing communication at various levels. Telations between Egypt and Saudi Arabia, both at the official and popular levels, are very close, a point Madbouly emphasized during the meeting on Tuesday. Homsany indicated that an agreement was reached on Tuesday to form the joint Egyptian-Saudi Supreme Coordination Council. He assured that the visit is, 'Not a response to any rumors, but rather comes to strengthen cooperation between the two countries and as part of a series of ongoing visits that reflect the depth of bilateral relations.'
Egypt Independent
22-04-2025
- Politics
- Egypt Independent
Egypt, Saudi Arabia back two-state solution, reject Palestinian displacement
Egypt and Saudi Arabia, in a joint statement issued by their Committee for Follow-up and Political Consultations, affirmed the importance of the two-state solution and categorically rejected all attempts to displace Palestinians from Gaza, the West Bank, and East Jerusalem, whether temporarily or permanently, forced or voluntary. They also expressed support for the Arab-Islamic plan and Cairo's upcoming ministerial conference for the early recovery and reconstruction of Gaza. The meeting, held in Riyadh and chaired by Minister of Foreign Affairs, Emigration and Expatriates Badr Abdelatty and his Saudi Saudi counterpart Prince Faisal bin Farhan Al Saud, addressed enhancing bilateral relations and agreed on the importance of launching the 'Egyptian-Saudi Supreme Coordination Council' to strengthen cooperation across various fields. They emphasized building on the 'Agreement on the Encouragement and Protection of Mutual Investments' to bolster investment. Discussions also covered other regional and international issues, including efforts to stop the Israeli aggression against Gaza. The two sides affirmed their support for the legitimate Yemeni government and the security of navigation in the Red Sea. They agreed on the importance of ending the conflict in Sudan, supporting Sudanese state institutions, and backing initiatives like the Jeddah talks. Regarding Syria, they stressed the need to preserve its unity, sovereignty, and territorial integrity while rejecting foreign interference and condemning Israeli violations. On Libya, they emphasized respect for its sovereignty, the departure of foreign forces, and the importance of holding simultaneous presidential and parliamentary elections. Finally, they agreed on supporting efforts to achieve security and stability in Somalia.
Asharq Al-Awsat
25-03-2025
- Business
- Asharq Al-Awsat
Egyptian Parliament Approves Formation of Saudi-Egyptian Supreme Coordination Council
The Egyptian Parliament, chaired by Speaker Dr. Hanafy El Gebali, approved on Monday the formation of the Saudi-Egyptian Supreme Coordination Council, aimed at elevating bilateral relations to an unprecedented strategic level. The establishment of the council was announced in mid-October following discussions between Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, and Egyptian President Abdel Fattah al-Sisi in Cairo. By the end of last year, the Egyptian government had approved the council's formation, with an official statement highlighting its goal of 'intensifying communication and strengthening cooperation between Saudi Arabia and Egypt across various sectors of mutual interest.' During a joint press conference with his Saudi counterpart Prince Faisal bin Farhan bin Abdullah in September, Egyptian Foreign Minister Badr Abdelatty emphasized that the Supreme Coordination Council would serve as 'an overarching framework to further deepen bilateral relations and expand cooperation across political, economic, trade, developmental, and investment sectors to benefit both nations.' According to the Egyptian government's statement, the council will comprise ministers and officials from both countries in relevant fields and will hold regular meetings alternately in both nations, with provisions for extraordinary meetings when necessary. The council will replace the previously established Joint Higher Committee Agreement. Ahmed Fouad Abaza, chairman of the Egyptian Parliament's Arab Affairs Committee, stated that the council aims to achieve several strategic objectives, including coordination and consultations on regional and international issues of mutual concern, contributing to security and stability in the region. He added that the council would boost economic, trade, and investment partnerships by facilitating Saudi investments in Egypt and encouraging private sector collaboration between the two countries. It will also focus on exchanging expertise and information in security and defense, as well as strengthening cooperation in counterterrorism and combating organized crime. The council will drive cooperation in key sectors such as education, healthcare, agriculture, environmental sustainability, culture, industry, technology, telecommunications, transportation, digital transformation, infrastructure, and energy, among other vital areas, stressed Abaza.
Leaders
12-03-2025
- Business
- Leaders
Egypt Approves Investment Protection Agreement with Saudi Arabia
The Egyptian Parliament has approved a bilateral investment protection agreement with Saudi Arabia. The agreement aims to streamline and protect investments of Saudi and Egyptian companies in both countries, and strengthen economic ties between Saudi Arabia and Egypt. It is part of an array of economic and investment deals signed between both countries during the Saudi Crown Prince Mohammed bin Salman's visit to Cairo in October 2024. Investment Protection Agreement The Investment Protection Agreement has received robust support from the leaderships of Saudi Arabia and Egypt, as well as ministers, ambassadors, the Federation of Saudi Chambers, and the Saudi-Egyptian Business Council. The agreement is expected to have positive impacts, including providing a safe and attractive environment for investments; increasing the flow of capitals and investments in both countries; and creating more job opportunities, the Federation of Saudi Chambers said on X. Agreement Objectives According to a report from a joint committee of Egyptian parliamentary bodies, the Investment Protection Agreement aims to promote and protect mutual investments between Saudi Arabia and Egypt, bolster bilateral economic ties, and ensure alignment with both countries' economic priorities. Furthermore, it aims to create favorable conditions and more opportunities to encourage investments, promote investment opportunities in both countries, facilitate technology transfer, create more jobs, and develop human resources through mutual investments, reported Egypt's Parliament News Agency. Saudi-Egyptian Economic Ties The report highlighted the strength of the Saudi-Egyptian economic relations. In recent years, bilateral economic ties have witnessed significant progress, supported by a strategic partnership and joint investment projects. This contributes to bolstering bilateral cooperation across various sectors, underscoring the depth of the historical relations between Saudi Arabia and Egypt. The Investment Protection Agreement is part of a series of bilateral investment and economic agreements signed in October 2024, during the Saudi Crown Prince's visit to Egypt. Supreme Coordination Council The visit also saw the establishment of the Saudi-Egyptian Supreme Coordination Council, chaired by the Saudi Crown Prince and the Egyptian President, Abdel Fattah Al-Sisi. The Supreme Coordination Council is a major stride towards strengthening bilateral relations through concerting efforts across various fields, including economy, trade and investment. Moreover, it aims to enhance political, economic, and developmental ties between Saudi Arabia and Egypt, crystalizing their shared vision for regional stability and growth. Saudi-Egyptian Trade Exchange The joint committee report noted that the value of trade exchange between Saudi Arabia and Egypt has increased in recent years. During the first 8 months of 2024, it increased to $6.5 billion, compared to $4.9 billion during the same period in 2023. This marks a 32.7% growth, according to the Egyptian Central Agency for Public Mobilization and Statistics. Short link : Post Views: 64
