Latest news with #7thMid-YearCoordinationSummit
See - Sada Elbalad
2 days ago
- Entertainment
- See - Sada Elbalad
Sisi Back Home After AU Summit in Malabo
Nada Mustafa President Abdel Fattah El-Sisi returned back to Egypt, late Sunday, after participating in the 7th Mid-Year Coordination Summit of the African Union, which was held in Malabo, the capital of Equatorial Guinea. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
See - Sada Elbalad
2 days ago
- Politics
- See - Sada Elbalad
President Sisi Back Home After AU Summit in Malabo
H-Tayea President Abdel Fattah El-Sisi has returned safely to Egypt following his participation in the 7th Mid-Year Coordination Summit of the African Union, held in Malabo, the capital of Equatorial Guinea. During the summit, President El-Sisi took part in high-level discussions on enhancing continental cooperation and advancing peace and security across Africa. He also delivered a keynote address in his capacity as Chair of the North Africa Regional Standby Capability, where he reaffirmed Egypt's commitment to strengthening regional security mechanisms and supporting African-led peacebuilding efforts. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
See - Sada Elbalad
2 days ago
- Politics
- See - Sada Elbalad
Sisi Reaffirms Egypt's Full Commitment to Supporting North Africa's Regional Standby Force
H-Tayea President Abdel Fattah El-Sisi reaffirmed Egypt's full commitment to strengthening the North Africa Regional Standby Capability, highlighting its role in advancing peace and security across the African continent. His remarks were delivered during the 7th Mid-Year Coordination Summit of the African Union, where he spoke in his capacity as Chair of the North Africa Regional Capability for 2024. In his address, El-Sisi emphasized the growing need for a prepared and operational African Peace and Security Architecture, capable of addressing complex and evolving threats including armed conflicts, terrorism, transnational crime, and the impacts of climate change. He stressed that these challenges threaten the continent's development and stability, and require collective action. El-Sisi highlighted the importance of regional standby forces—particularly the North Africa capability, which Egypt currently leads—as essential components of the African Standby Force. These forces must be fully equipped, multi-dimensional, and operationally ready to deploy in support of peace efforts when called upon. He outlined the progress achieved under Egypt's leadership, including a comprehensive review of operational procedures, financial and administrative reforms, and the endorsement of a new activity roadmap by chiefs of staff and defense ministers during meetings held earlier this year in Cairo. El-Sisi also praised the execution of a field exercise in Algeria that helped synchronize the military, police, and civilian components of the North Africa standby force. The president stressed the importance of coordination between the African Union Commission, regional blocs, and the five regional capabilities to ensure effective conflict prevention and response. He called for sustainable funding, particularly for capacity-building programs that enhance the readiness and operational efficiency of the regional forces. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
Daily News Egypt
2 days ago
- Business
- Daily News Egypt
Egypt–AU members trade exchange rises to $9.8bn in 2024
The Central Agency for Public Mobilization and Statistics (CAPMAS) reported that trade between Egypt and African Union (AU) countries reached $9.8bn in 2024, marking a 6.5% increase from $9.2bn in 2023. The figures coincided with President Abdel Fattah Al-Sisi's participation in the African Union's 7th Mid-Year Coordination Summit. According to CAPMAS, Egypt's exports to AU countries rose by 4.7%, reaching $7.7bn in 2024 compared to $7.4bn the previous year. Libya remained the top importer of Egyptian goods within the AU, with imports valued at $2bn in 2024. It was followed by Morocco at $1bn, Algeria at $996m, Sudan at $866.2m, Tunisia at $372m, Kenya at $307m, Côte d'Ivoire at $251m, Ghana at $239m, Nigeria at $151m, and Madagascar at $132m. Among Egypt's main exports to AU countries in 2024 were cement, gypsum, and table salt worth $694.4m; plastics and plastic products worth $590.5m; milled products worth $397m; electrical machinery and equipment worth $357.8m; iron and steel worth $289.4m; and various stone and cement products worth $279.2m. On the import side, Egypt imported goods worth $2.1bn from AU countries in 2024, up 14.5% from $1.8bn in 2023. The Democratic Republic of Congo led AU exporters to Egypt with $661.9m, followed by Sudan with $292.4m, Kenya with $260.1m, Nigeria with $165.5m, South Africa with $154.3m, Zambia with $64m, Libya with $56.4m, and Tunisia with $49.9m. Top imports included copper and copper products valued at $741.5m; coffee and tea worth $286.6m; mineral fuels and oils at $203.7m; live animals at $147.6m; oil seeds and oleaginous fruits at $109.4m; cars and tractors at $85.3m; cotton at $80.9m; and iron and steel worth $73.6m. CAPMAS also reported that remittances from Egyptians working in AU countries reached $115.8m in FY 2023/2024, down slightly from $122m the previous fiscal year. Nigeria topped the list with $9.3m, followed by Kenya with $9.2m, Morocco with $7.3m, Tanzania with $6.7m, Mauritius with $6.2m, South Africa with $5.8m, and Tunisia with $5.1m. Conversely, remittances sent by workers from AU countries residing in Egypt amounted to $23.6m, compared to $28.8m in FY 2022/2023. South Africa led with $6m, followed by Nigeria with $2.9m, Morocco with $2.2m, Tunisia with $1.8m, Kenya with $1.2m, Congo with $1.19m, and Zambia with $1.16m. Regarding investment, AU countries invested $831.2m in Egypt during FY 2023/2024, down from $1.6bn in FY 2022/2023. Meanwhile, Egyptian investments in AU countries reached $499.1m, a slight decrease from $504.6m in the previous year.
Al-Ahram Weekly
2 days ago
- Business
- Al-Ahram Weekly
El-Sisi holds high-level talks on cooperation with African leaders on sidelines of AU Summit - Foreign Affairs
President Abdel-Fattah El-Sisi held a series of high-level meetings on Saturday with African leaders on the sidelines of the 7th Mid-Year Coordination Summit of the African Union in Malabo. El-Sisi met with Mauritanian President Mohamed Ould Cheikh El-Ghazouani, Gabonese President Brice Oligui Nguema, Chairman of the Libyan Presidential Council Mohamed Al-Menfi, and former Nigerien President Mahamadou Issoufou, who also serves as the AU Champion for the African Continental Free Trade Area (AfCFTA). He also met with President Teodoro Obiang Nguema of Equatorial Guinea and President John Mahama of Ghana. According to the Egyptian Presidency, the meetings focused on enhancing continental integration, accelerating development efforts, and promoting peace and security across Africa. The discussions reflected a shared commitment among the leaders to strengthen African unity and coordination in the face of common challenges. Meeting with the president of Equatorial Guinea President Abdel-Fattah El-Sisi met with President Teodoro Obiang Nguema of Equatorial Guinea on the sidelines of the summit. The two leaders discussed ways to strengthen bilateral relations and broaden cooperation across a range of sectors, particularly the economy, trade, investment, energy, infrastructure, and industry. The Egyptian Presidency stated that the talks aimed to advance the shared interests of both countries and explore new horizons for collaboration. President El-Sisi praised Equatorial Guinea for hosting the AU Coordination Summit, describing it as a clear sign of the country's commitment to supporting joint African action. In return, President Obiang commended Egypt's pivotal role on the continent and within the African Union. Furthermore, the two sides underscored the importance of uniting African efforts to achieve greater integration in various fields. They also exchanged views on the challenges facing Africa and reaffirmed the importance of reinforcing collective action to ensure security and peace to achieve sustainable development. Meeting with the Ghanaian president President Abdel-Fattah El-Sisi discussed ways to strengthen relations between Egypt and Ghana on Saturday with Ghanaian President John Mahama on the sidelines of the summit. According to the Egyptian Presidency, both leaders reaffirmed their commitment to advancing cooperation, grounded in strong historical ties, that serves the development goals and aspirations of the two nations. They also discussed opportunities for enhancing joint African action in light of Ghana's hosting of the Secretariat of the African Continental Free Trade Area (AfCFTA) and Egypt's current chairmanship of the Council of Ministers of Trade for the zone. Moreover, the two presidents explored ways to expand intra-African trade and address the obstacles hindering continental economic integration. They also reviewed the situation in the Sahel, Somalia, and Sudan, emphasising the urgent need for coordinated African efforts to promote peace, stability, and development across the continent. Follow us on: Facebook Instagram Whatsapp Short link:
