Egypt's President Praises Gulf Support

Egyptian President Abdel Fattah Al-Sisi during the "Differently Abled" event in New Cairo (Egyptian presidential website)
Egyptian President Abdel Fattah Al-Sisi during the "Differently Abled" event in New Cairo (Egyptian presidential website)
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Egypt's President Praises Gulf Support

Egyptian President Abdel Fattah Al-Sisi during the "Differently Abled" event in New Cairo (Egyptian presidential website)
Egyptian President Abdel Fattah Al-Sisi during the "Differently Abled" event in New Cairo (Egyptian presidential website)

Egyptian President Abdel Fattah Al-Sisi thanked the UAE and its President, Sheikh Mohammed bin Zayed, for the vast Emirati investment deal as part of the Ras el-Hekma project.
On Friday, Egypt signed an investment partnership agreement with the United Arab Emirates to develop the Ras al-Hikma peninsula west of Alexandria, with investments worth $150 billion. It includes pumping about $35 billion in direct foreign investment into the Egyptian treasury within two months.
"I want to thank our brothers in the UAE, led by my brother, his Excellency the President Sheikh Mohammed bin Zayed," Sisi said while attending a "Differently Abled" event in New Cairo.
"I want to tell you it is not easy for anyone to deposit $35 billion over two months; there is nothing like that in the world ... This is a form of support and standing (with us), clearly," Sisi added.
He pointed out that every measure, problem, or crisis that occurs anywhere in the world has an impact on Egypt, referring to the COVID-19 crisis, which was followed by the Russian-Ukrainian crisis and then the Israeli war against the Gaza Strip.
Egypt is struggling to provide the foreign currency necessary to import goods and has to meet the deadlines for foreign debt maturities and a budget deficit.
Sisi announced that the Central Bank received the first tranche of UAE's multi billion-US dollar investment on Tuesday, and the second tranche will arrive on Friday.
According to the Egyptian Official Gazette, Sisi issued a presidential decree allocating a plot of state-owned land with an area of 170.8 million square meters in the Matrouh governorate to develop Ras el-Hekma city.
Egypt hopes this project will become "the largest tourism project on the Mediterranean."
- Difficult challenges
The Egyptian President stated that the world and region face numerous challenges and crises, necessitating unity, resilience, and action.
"We have chosen the path of patience, sacrifice, and confidence in our abilities, inspired by the determination and success of our people, especially our children."
- Egypt did not close Rafah crossing
Sisi asserted that his country has always kept the Rafah border crossing with Gaza open.
"Egypt has never closed the crossing, but to be able to act in a fighting situation, we have to be cautious not to cause a problem," he said.
"From the first day, we have been very keen that the Rafah crossing becomes an avenue to deliver aid."



US Defers Removal of Some Lebanese, Citing Israel-Hezbollah Tensions

Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)
Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)
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US Defers Removal of Some Lebanese, Citing Israel-Hezbollah Tensions

Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)
Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)

The United States is deferring the removal of certain Lebanese citizens from the country, President Joe Biden said on Friday, citing humanitarian conditions in southern Lebanon amid tensions between Israel and Hezbollah.

The deferred designation, which lasts 18 months, allows Lebanese citizens to remain in the country with the right to work, according to a memorandum Biden sent to the Department of Homeland Security.

"Humanitarian conditions in southern Lebanon have significantly deteriorated due to tensions between Hezbollah and Israel," Biden said in the memo.

"While I remain focused on de-escalating the situation and improving humanitarian conditions, many civilians remain in danger; therefore, I am directing the deferral of removal of certain Lebanese nationals who are present in the United States."

Israel and Iran-backed Hezbollah have been trading fire since Hezbollah announced a "support front" with Palestinians shortly after its ally Hamas attacked southern Israeli border communities on Oct. 7, triggering Israel's military assault in Gaza.

The fighting in Lebanon has killed more than 100 civilians and more than 300 Hezbollah fighters, according to a Reuters tally, and led to levels of destruction in Lebanese border towns and villages not seen since the 2006 Israel-Lebanon war.

On the Israeli side, 10 Israeli civilians, a foreign agricultural worker and 20 Israeli soldiers have been killed. Tens of thousands have been evacuated from both sides of the border.