OPEN// Egypt, China reaffirm importance of upholding Israel-Iran ceasefire
This came during a meeting between President Abdel Fattah El Sisi with Chinese Premier Li Qiang on Thursday, in the presence of Prime Minister Mostafa Madbouli and Egyptian and Chinese ministers and senior officials.
During the meeting, both sides underscored the necessity of reaching a ceasefire deal in the Gaza Strip, ensuring immediate humanitarian aid delivery, and achieving a just and comprehensive solution to the Palestinian cause.
The Chinese Premier conveyed the greetings of President Xi Jinping to President Sisi, adding that the Egyptian president is a dear friend of China who is always warmly welcomed in Beijing, according to Presidential Spokesman Mohamed el Shennawy.
Li said that China highly values strong relations with Egypt that are built on a time-honored strategic partnership, mutual respect and shared interests.
The Chinses premier praised the rapid development in bilateral ties and the close coordination between Egypt and China on regional and international issues.
He also lauded Egypt's pivotal role as a pillar of stability in the Middle East.
For his part, President Sisi affirmed Egypt's commitment to strengthening cooperation with China across various areas of mutual interest, the spokesman said.
He added that both countries will celebrate the 70th anniversary of the establishment of diplomatic relations in 2026.
The president commended the contributions of Chinese companies to Egypt's development projects, expressing Egypt's eagerness to attract further Chinese investments, especially in sectors of renewable energy, electric vehicle manufacturing and tourism.
He underscored Egypt's interest in promoting cooperation with China in manufacturing, development and debt swap mechanisms, according to the spokesman.
He added that the both sides exchanged views on regional and international developments. (MENA)
A A E/S R E
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al-Ahram Weekly
34 minutes ago
- Al-Ahram Weekly
Nvidia says it will resume sales of 'H20' AI chips to China - Tech
US tech giant Nvidia announced Tuesday it will resume sales of its H20 artificial intelligence chips to China after Washington pledged to remove licensing restrictions that had halted exports. Related Nvidia to build supercomputer chips entirely in US for first time The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns that Beijing could use them to enhance military capabilities. Nvidia developed the H20, a less powerful version of its AI processing units, specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April. "The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon," the company said in a statement Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again." CEO Jensen Huang, wearing his trademark black leather jacket, told reporters in a video published by Chinese state broadcaster CCTV: "I'm looking forward to shipping H20s very soon, and so I'm very happy with that very, very good news." Defending the policy change, Trump's AI Czar David Sacks told CNBC the H20 was a "deprecated chip" that is "not anywhere close to the state of the art." He said the reversal on the H20 came because Nvidia's Chinese rival Huawei was making "huge strides" and could potentially threaten Nvidia's market dominance. China represents a crucial market for Nvidia, but recent US export restrictions have intensified competition from local players like homegrown champion Huawei. "We don't want to sell China our latest greatest technology, but I do think we at least want to make it a little bit difficult for Huawei," Sacks said. Sacks also said that the decision was linked to ongoing trade negotiations between Washington and Beijing that are locked in a bitter trade feud. Beijing has criticized Washington's curbs as unfair and designed to hinder its development. 'Abrupt shifts' Zhang Guobin, founder of Chinese specialist website said the resumption would "bring substantial revenue growth, making up for losses caused by the previous ban." It would also ease trade friction impacts on the global semiconductor supply chain, he told AFP. However, he noted Chinese firms would remain focused on domestic chip development, adding that "the Trump administration has been prone to abrupt policy shifts, making it difficult to gauge how long such an opening might endure." Huang will attend a major supply chain gathering Wednesday, according to event organizers, his third trip to China this year, CCTV reported. During an April visit to Beijing, Huang told Chinese Vice Premier He Lifeng he "looked favorably upon the potential of the Chinese economy" and was "willing to continue to plow deeply into the Chinese market and play a positive role in promoting US-China trade cooperation," state news agency Xinhua reported. The tightened US export curbs come as China's economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth. President Xi Jinping has called for greater self-reliance amid increasing external uncertainty. The Financial Times reported in May that Nvidia was planning to build a research and development center in Shanghai, though neither Nvidia nor city authorities confirmed the project to AFP. China's economy grew 5.2 percent in the second quarter, official data showed Tuesday, as analysts had predicted strong exports despite trade war pressures. Follow us on: Facebook Instagram Whatsapp Short link:
Middle East
an hour ago
- Middle East
OPEN// President urges genetic improvement of local livestock
CAIRO, July 15 (MENA) – President Abdel Fattah El Sisi on Tuesday stressed the importance of improving local livestock breeds to increase their productivity in meat and dairy. The comments came during a meeting with Prime Minister Mostafa Madbouly, Minister of Supply and Internal Trade Sherif Farouk, Minister of Agriculture and Land Reclamation Alaa Farouk, and Baha El-Ghannam, Executive Director of the Future of Egypt for Sustainable Development initiative. Presidential spokesman Mohamed El-Shennawy said the meeting reviewed the country's strategic reserves of key commodities, including wheat, sugar, oil, meat, and poultry, noting that Egypt's food security remains stable and reassuring. The discussion covered details of procurement contracts, including 3.4 million tons of wheat, 192,000 tons of crude vegetable oil, 4,000 tons of frozen poultry, and 6,000 tons of frozen meat, the spokesman further said. The meeting highlighted that the government is working to diversify wheat import sources to ensure supply continuity and avoid disruptions, he added. Sisi emphasized the need for full coordination between all relevant state institutions working on food security, ensuring their efforts are aligned with national policies. In this context, cooperation with the Future of Egypt initiative was highlighted to identify land areas in the New Delta suitable for strategic crop cultivation, with the goal of maximizing cultivated acreage and increasing self-sufficiency. The meeting addressed ongoing efforts to regulate bakeries, mills, and local markets, and discussed progress in the 'one-day market' initiative, which launched in November 2024 with 200 markets and expanded in May 2025 with more than 200 additional markets. Also, it reviewed plans to expand partnerships with the private sector and attract foreign investment in retail. Updates were presented on new commercial chain projects in Obour, Nasr City, and Qalyub, Shennawy said. Preparations are underway to launch a government-backed retail chain named Carry On, the first unified brand in partnership with the private sector, according to him. Efforts to improve domestic trade and digitize subsidy beneficiary databases were also brought up, aiming to ensure that subsidies reach those who meet eligibility criteria. Food security issues were discussed in detail, including the development of the commodity exchange as a mechanism to stabilize markets and prices, the spokesman said. The exchange is expected to support both producers and consumers, while enhancing the availability of key goods at reasonable prices, he further said. Exporters and importers have begun registering with the exchange, and draft legislation is being prepared to govern its operations, drawing on international models, he added. The meeting also covered policies on strategic crop cultivation and procurement, agricultural digitization, cost-efficiency measures, and fertilizer supply, particularly nitrates and urea. Gradual and balanced reforms were recommended to protect farmers and ensure food security. The president reiterated the need to boost red meat and dairy output by improving local breeds, alongside efforts to enhance agricultural productivity and mechanization. (MENA) R E E/
Middle East
an hour ago
- Middle East
OPEN// PM follows up on real estate export strategy, digital property platform
CAIRO, July 15 (MENA) – Prime Minister Mostafa Madbouly said the government is moving forward with implementing recommendations from the Advisory Committee on Urban Development and Real Estate Export, highlighting the strategic importance of the sector. Speaking during a meeting on Tuesday in New Alamein City, Madbouly said Egypt aims to simplify property acquisition procedures for foreigners and streamline real estate registration, while promoting Egyptian property abroad through embassies and consulates. Cabinet spokesman Mohamed El-Homsany said the meeting reviewed progress on launching a digital platform for real estate exports, including coordination with relevant agencies, technical aspects, and regulatory frameworks. The Ministry of Communications and Information Technology reported it has issued property identification numbers for over 18 million residential units. The Justice Ministry is preparing legal frameworks for issuing ownership and transaction certificates. The platform will launch its pilot phase in September 2025 in New Alamein City, expanding to Sheikh Zayed City in December 2025, before rolling out nationwide by mid-2026. The platform will offer listings from both public and private developers, and include a digital registry to facilitate ownership transfer and boost transparency, officials said. (MENA) R E E/
