Egypt Edition 
UAE 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Sisi x MBZ: President Abdel Fattah El Sisi was in Abu Dhabi yesterday for talks with UAE president and ruler of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. The two leaders economic, trade and investment ties as well as regional and international developments, according to readouts from Ittihadiya and Abu Dhabi.
Remember: The UAE is a critical partner for Egypt to exit its FX crisis. The UAE is among the Gulf countries Egypt is counting on to purchase state assets and help pull it out of its economic crisis. Abu Dhabi wealth fund ADQ has been the most active Gulf investor since the crisis began last year, investing USD 1.8 bn in a number of EGX-listed companies in April and agreeing this year to acquire minority stakes in three state-owned firms — Egyptian Ethylene and Derivatives Company, Egyptian Linear Alkyl Benzene, and Egyptian Drilling Company — for USD 800 mn.
The government wants to close this transaction asap: The government is hoping to sign final contracts with ADQ by the end of the month.
Shoukry at the UN: Foreign Minister Sameh Shoukry is doing the rounds at the United Nations General Assembly in New York city this week, where he participated in bilateral talks, summits, and ministerial meetings focused on Egypt’s foreign policy and sustainable development priorities.
- The minister met with British foreign secretary James Cleverly to discuss boosting economic and investment ties, and preparations for the Egypt-UK Partnership Council. (Foreign Ministry)
- Shoukry and Planning Minister Hala El Said both spoke at the SustainableDevelopment Goals Summit. The foreign minister used his speech to call on developed countries to fulfill their commitments and support green growth and climate finance, while El Said delivered an address about digital public infrastructure. (Foreign Ministry | Planning Ministry)
- The foreign minister attended a meeting focused on restarting the peace process between Palestine and Israel. Saudi Arabia, Jordan, the Arab League and the EU were also in attendance. (Foreign Ministry)
