OPEN// Sisi's spouse greets Egyptian Copts on Easter
Posting on her social media accounts, the president's wife extended Easter greetings to all Egyptian Coptic Christians, wishing Egypt and its people more progress, peace, and prosperity. (MENA)
M R E/R G E
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Middle East
a day ago
- Middle East
OPEN// PM affirms no plans to sell state assets
NEW ALAMEIN, July 23 (MENA) - Prime Minister Mostafa Madbouli said the government does not plan to sell state-owned real estate or assets but aims to maximize returns through improved management. During a press conference after the weekly cabinet meeting in New Alamein city on Wednesday, Madbouli noted that partnerships with the private sector or foreign investors will help run and expand these assets, affirming that some properties cannot be sold due to legal and historic protections. The premier also added that the government is focusing on boosting tourism in New Alamein by expanding hotel capacity and year-round attractions. He noted that international tourist numbers visiting the city are on the rise, and the city is no longer seasonal. With new industrial zones, New Alamein is expected to become a permanent residence and job center. Additionally, Madbouli confirmed that work at El Dabaa nuclear project is progressing, with minor delays being addressed. He revealed that the site now employs around 24,000 workers, 80% of them are Egyptians. The plant, once complete, will include four reactors and is expected to produce more than double the electricity generated by the Aswan High Dam. Madbouli stated that despite the high initial cost, the plant will reduce the need for imported fuel and generate long-term savings. (MENA) H A T/S R E
Middle East
a day ago
- Middle East
OPEN// PM follows up efforts to reduce public debt to GDP ratio
NEW ALAMEIN, July 22 (MENA) - Prime Minister Mostafa Madbouli said the government continues its efforts to maintain a sustainable downward trend in external debt, while focusing on attracting more new foreign investments to exploit promising investment opportunities in various sectors. Madbouli made the comments during a cabinet meeting that he held on Tuesday to review the measures aimed at reducing public debt to the Gross Domestic Product (GDP) ratio. The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, Minister of Finance Ahmed Kouchouk and Deputy Minister of Finance Yasser Sobhi, said Cabinet Spokesman Mohamed El Homsani. The spokesman stated that the meeting addressed several topics, including managing and regulating external debt, as well as the measures to cut public debt and diversify the investor base, currencies and markets. The meeting also underlined the importance of achieving the required balance between maintaining the set ceiling for investment spending and reducing reliance on foreign loans, in addition to strengthening partnerships with the private sector, according to the spokesman. (MENA) A I E/M R E
Middle East
a day ago
- Middle East
OPEN// PM affirms strength of Egypt-Saudi Arabia relations
NEW ALAMEIN, July 23 (MENA) - Prime Minister Mostafa Madbouli reiterated the strength of relations between Egypt and Saudi Arabia, noting that this strength is among the core pillars of Egyptian foreign policy and reflects the shared vision of the political leaderships in both countries. The relationship between Egypt and Saudi Arabia is strategic, fraternal and based on unity, Madbouli told a press conference following the weekly Cabinet meeting on Wednesday. The prime minister noted that Egypt and Saudi Arabia have many common issues and face similar challenges, highlighting the importance of maintaining both countries' shared perspective on how to deal with challenges confronting the Arab and Islamic worlds. He also underscored the exceptional relationship between the two countries' political leaderships, which reflects communication between the two governments. Egyptian citizens are well aware of this strong bond, Madbouli said, stressing that any attempt to stir tensions between the two countries will not be tolerated. In this regard, the prime minister made clear that some social media platforms operating from outside both Egypt and Saudi Arabia are trying to falsely portray a state of tension between the two countries, stressing that Egypt will not allow these brotherly relations to be negatively affected. He warned that "certain parties may have an interest in stirring tensions between the two countries but we will not permit that'. (MENA) I S N/S R E
