Egypt Rejects European Parliament’s Statement on Presidential Elections

Egyptian Parliament (Facebook)
Egyptian Parliament (Facebook)
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Egypt Rejects European Parliament’s Statement on Presidential Elections

Egyptian Parliament (Facebook)
Egyptian Parliament (Facebook)

The Egyptian Parliament on Friday rejected a European Parliament statement on the country’s upcoming presidential elections, saying it lacks credibility and neutrality.

On Thursday, the European Parliament called in a report for a “review” of the EU’s relations with Egypt. It also urged Egyptian authorities to hold “credible, free and fair elections” and stop “harassing peaceful opposition figures such as aspiring presidential candidates.”

The report sparked a wave of widespread criticism in Egypt, particularly from deputies and politicians who said the statement is based on false information.

Egypt is gearing up for its presidential elections late this year. Voting in Egypt will take place from December 10 to December 12, with Egyptians abroad casting their votes from December 1 to December 3.

In a statement issued Friday, the Egyptian Parliament said the EU’s report lacks objectivity and reveals a predisposition to issue premature judgments about the electoral process.

It then called on the European Parliament to focus its efforts on European affairs, where violations of human rights and freedoms are documented in various reports.

Several Egyptian party leaders, in addition to political and legal officials, rejected the Union’s interference in Egypt’s internal affairs.

Nagi Al-Shihabi, head of the Democratic Generation Party (al-Geel al-Dimuqrati), told Asharq Al-Awsat that the European Parliament statement contains false information aimed at misleading global public opinion, affirming that the Parliament exceeded its limits and powers and interfered in Egyptian affairs.

He affirmed that Egypt’s elections are run by an independent body, the National Electoral Commission, and in accordance with the law, the Constitution and international standards.

Shihabi said it is normal that the European statement triggered wide criticisms in Egypt because Egyptian political parties and civil society are participating in the national dialogue, called for by President Abdel Fattah Al-Sisi, without exclusion.

Meanwhile, Tarek Fahmy, a political science professor at Cairo University, said the timing of the European Parliament is suspicious because it coincides with the announcement of Sisi's candidacy for a new term.

The statement aims to intervene in local affairs and try to spark fears among Egyptian authorities, he said, adding that the statement also aims to change the course of the electoral process.

He then rejected the European Parliament’s “unacceptable interventions” in Egypt’s internal affairs and said it was still early to comment on the elections.

Fahmy then told Asharq Al-Awsat that the European Parliament statement came one-day following demands by lobbyists in Washington and rights groups that US lawmakers withhold a further $235 million in military aid to Egypt.

“I believe there are some European-US arrangements to intervene in Egyptian affairs in one way or another,” he said.



Saudi Non-Oil Exports Reach Highest Levels Since 2022

A view of the Jeddah Islamic Port. (Asharq Al-Awsat)
A view of the Jeddah Islamic Port. (Asharq Al-Awsat)
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Saudi Non-Oil Exports Reach Highest Levels Since 2022

A view of the Jeddah Islamic Port. (Asharq Al-Awsat)
A view of the Jeddah Islamic Port. (Asharq Al-Awsat)

Saudi Arabia’s non-oil exports have reached their highest levels since the second quarter of 2022, continuing to grow at a steady pace. By the end of the third quarter of this year, non-oil exports, including re-exports, totaled SAR 80 billion (USD 21 billion), reflecting a 16.8% increase compared to the same period in 2023.

This growth aligns with the goals of Vision 2030, which aims to diversify Saudi Arabia’s economy and reduce reliance on oil revenues. Credit rating agency Moody’s recently upgraded Saudi Arabia’s credit rating to AA3 from A1 with a stable outlook, citing the Kingdom’s ongoing economic diversification and the strength of its non-oil private sector. Moody’s projects the non-oil private sector’s GDP to grow by 4–5% annually in the coming years.

According to data from Saudi Arabia’s General Authority for Statistics, non-oil national exports (excluding re-exports) grew by 7.6% in the third quarter of 2024, reaching SAR 57 billion (USD 15.1 billion). Re-exports saw a remarkable surge of 48.4%, amounting to SAR 23 billion (USD 6.1 billion).

In contrast, total merchandise exports dropped by 7.7% to SAR 276 billion (USD 73.5 billion) due to a 14.9% decline in oil exports. As a result, the share of oil exports in total exports decreased from 77.3% in the third quarter of 2023 to 71.3% this year.

Chemical industry products accounted for 25.5% of non-oil exports, growing by 5.3% compared to the same period last year. Plastics, rubber, and their derivatives followed closely, representing 24.9% of non-oil exports, with an 8.9% increase from the third quarter of 2023.

China remained Saudi Arabia’s top export destination, accounting for 15.2% of total exports in the third quarter of 2024. Japan and South Korea followed, at 9.3% and 9.2%, respectively. Other major destinations included India, the UAE, the US, Poland, Egypt, Bahrain, and Taiwan. Together, these ten countries accounted for 66.4% of Saudi exports.

Experts emphasize that the growth in non-oil exports strengthens Saudi Arabia’s economy and reflects the success of its diversification strategy under Vision 2030.

Shura Council member Fadhel Al-Buainain highlighted the importance of considering the scale of Saudi non-oil exports during the third quarter of 2024. He emphasized two key aspects of Saudi non-oil exports.

First, the 16.8% growth achieved is a significant leap that boosts the Saudi economy’s ability to continue strengthening non-oil exports, which are a focal point of Vision 2030 and its economic diversification goals.

Second, he said the 48.4% increase in the value of re-exported goods represents substantial growth, reflecting the Kingdom’s potential to play a pivotal role in regional re-export activities. This, in turn, can stimulate exports and position Saudi Arabia as a global logistics hub.

He further noted that the increase in export value compared to the second quarter of this year, amounting to SAR 37.2 billion (USD 9.92 billion) or 15.6%, indicates sustained and accelerating export growth.

Al-Buainain believes that Saudi Arabia’s ports on the Red Sea and the Arabian Gulf are well-equipped to play a central role in re-exporting, supported by free economic zones, robust infrastructure, and a well-established transportation and logistics network.

He also stated that the improvement in global demand, particularly in the petrochemical sector, which accounted for the largest share of exports, contributed to this growth.

However, the global economic conditions may face certain challenges that will reflect negatively on global demand, he remarked, stressing the importance of diversifying exports.

Dr. Osama Al-Obaidi, an international commercial law consultant and professor, told Asharq Al-Awsat that the significant increase in non-oil exports in the third quarter of this year compared to the same period in 2023 is linked to the growth in petrochemical exports, particularly plastics, rubber, and their derivatives.

He explained that this rise reflects the effectiveness of Saudi Arabia’s economic diversification efforts and its reduced reliance on oil as a sole income source, in line with Vision 2030.

It also highlights the success of the substantial investments made by the government to develop ports and logistics services, such as King Abdulaziz Port in Dammam and Jeddah Islamic Port.

Moreover, improvements in domestic, regional, and international airports, along with initiatives to promote local industries—particularly chemicals, food products, pharmaceuticals, and other high-demand goods in foreign markets—have also played a pivotal role.