News

Egypt’s Sisi, UAE, Israel Discuss Energy and Food Security in Sharm El-Sheikh

Egypt’s Sisi, UAE, Israel Discuss Energy and Food Security in Sharm El-Sheikh

Courtesy: Egyptian presidency

Egyptian President Abdel Fattah Al-Sisi held a meeting with Israel’s prime minister Naftali Bennett and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan on Tuesday in the Egyptian Red Sea resort of Sharm el-Sheikh, the Egyptian presidency stated.

During the meeting, the leaders shared concerns over Iran, as well the repercussions of global events, especially with regards to energy, market stability, and food security. The leaders also shared their views on the latest developments in the region.

The Crown Prince of Abu Dhabi referred to the critical role Egypt plays in ensuring security and stability in the region, in addition to its efforts to promote joint Arab cooperation.

President Al-Sisi reiterated Egypt’s commitment to ensure “the security of the Gulf, rejecting any threats to destabilise it.”

On Monday, Egypt announced a multi billion-pound package to provide relief for the most vulnerable to offset the economic hardships from the Ukraine-Russia war.

The package is worth nearly EGP 20 billion (USD 1.1 billion), and includes tax breaks, wage rises and pensions, as well as broadening a state support programme for disadvantaged families, Prime Minister Mustafa Madbouly said.

Ali Al-Moselhi, the Egyptian Minister of Supply and Internal Trade, has decided that strict regulations on the trade of local wheat supplies is required in order to shore the country’s strategic reserves of the grain.

The decree stipulates that all registered wheat farmers are obligated to supply approximately 60 percent of yields per feddan to local authorities.

This is the second time that the Israeli Prime Minister Naftali Bennett visits Egypt. The last time he visited Egypt was in September 2021, also at the Red Sea resort town of Sharm El-Sheikh, which marked the first of its kind by an Israeli PM to Egypt in over a decade.

JICA Launches New Initiatives for Egyptian Startups With Funding and Mentorship
Wheat Farmers Required to Supply Percentage of Yields to Local Authorities

Subscribe to our newsletter


News

More in News

Egypt to Develop 21 Desalination Plants in First Phase of Multibillion-Dollar Green Programme

Mona Abdou2 December 2022

Festivals Associated with the Journey of the Holy Family Now UNESCO Heritage

Mona Abdou1 December 2022

‘The Palestinian Cause Will Always Remain the Number One Arab Issue’: Sameh Shoukry

Marina Makary30 November 2022

Turkey, Egypt to Resume Diplomatic Relations and Hold Ministerial Meetings

Egyptian Streets29 November 2022

Egyptian Actress Menna Shalaby Released on Bail Over Suspected Drug Use

Egyptian Streets26 November 2022

Rainbow Colours Now Allowed at Qatar World Cup for Welsh Fans

Mona Abdou25 November 2022

Egypt Invited to Participate in Intergovernmental G20 Summit

Mona Abdou25 November 2022

Egyptian Parliament Health Committee Members to Donate Organs After Death

Egyptian Streets24 November 2022