Egypt to prepare investment package for U.S. companies, says PM
The directive came during a meeting on Sunday to follow up on efforts to enhance Egypt-U.S. economic ties, according to a cabinet statement.
Madbouly stressed the government's interest in bolstering the strategic and historical ties between the two nations and its keenness to overcome any obstacles to joint cooperation. He noted that there are many promising opportunities available for American companies, given the significant incentives the Egyptian government offers to foreign investors.
The meeting was attended by the ministers of planning, foreign affairs, and investment, while the minister of industry and transport participated via video conference.
Minister of Industry and Transport, Kamel al-Wazir, reviewed investment opportunities that have been presented to U.S. companies in sectors including ports, maritime transport, and industrial zones.
Minister of Planning and Economic Cooperation, Rania Al-Mashat, discussed development cooperation with the United States, including projects funded through the U.S. Agency for International Development (USAID).
Foreign Minister Badr Abdel-Aty and Minister of Investment and Foreign Trade Hassan El-Khatib also reviewed their respective ministries' efforts to support bilateral ties, trade, and U.S. investment in Egypt.
At the conclusion of the meeting, Madbouly instructed all relevant authorities to coordinate on preparing the set of promising investment opportunities and to follow up on presenting them to American companies to enhance U.S. investments in Egypt.
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Egypt Independent
3 hours ago
- Egypt Independent
Gabbard releases more Russia documents to accuse Obama of ‘manufacturing' intelligence
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The committee brought in its own safe for its files — which became known as the 'turducken' — that remained locked away at the CIA during the Biden administration. It's not clear whether the full extent of the classified House Intelligence Committee report was redacted, declassified and released on Wednesday. In the lead-up to the 2020 election, Trump allies pushed Ratcliffe, who was then the director of national intelligence, to release a redacted version of the report. But Ratcliffe ultimately did not so do amid strenuous objections from CIA and NSA officials, who warned it would damage sources and methods and US relationships with allies. Instead, the report was part of a large collection of documents brought to the White House in the final days of the first Trump administration, which were redacted so they could be declassified and released. The redacted documents were not ultimately released before Trump left office in 2021, though he did so in March. But an unredacted copy of the documents — including the highly sensitive intelligence that was redacted from what was released Wednesday — went missing and was apparently never found. US intelligence officials scrambled to assess the potential damage of the binder's contents becoming public after it went missing at the end of the first Trump administration, according to a source with direct knowledge of the events. There are hints at why the intelligence agencies were so concerned with the report in the declassified version released Wednesday. The report includes redacted lines that detail what signals intelligence the assessment had relied upon, as well as what Putin was being told and how it was obtained. 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The GOP report criticizes the assessment's inclusion of the infamous and discredited dossier written by British intelligence official Christopher Steele, which was paid for by the Clinton campaign and alleged coordination between Russia and the Trump campaign. A summary of the dossier was included as an annex in the January 2017 assessment, after CIA officials objected to including it in the report itself. The intelligence analysts who prepared the report told the Senate Intelligence Committee the dossier played no role in the analysis of Russia's interference. Special counsel John Durham, who was appointed by then-Attorney General Bill Barr during Trump's first term, spent four years investigating a wide range of topics, including potential wrongdoing by the FBI and intelligence community during the 2016 post-election period. He never accused any US officials of any crimes related to the 2017 intelligence assessment. This story has been updated with additional details. CNN's Piper Hudspeth Blackburn contributed to this report.
Egypt Independent
3 hours ago
- Egypt Independent
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See - Sada Elbalad
8 hours ago
- See - Sada Elbalad
US Allows Chevron to Resume Oil Operations in Venezuela
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