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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)
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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."

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Italy Plans to Return Ambassador to Syria to Reflect New Diplomatic Developments, Minister Says

Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)
Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)
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Italy Plans to Return Ambassador to Syria to Reflect New Diplomatic Developments, Minister Says

Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)
Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)

Italy plans to send an ambassador back to Syria after a decade-long absence, the country’s foreign minister said, in a diplomatic move that could spark divisions among European Union allies.

Foreign Minister Antonio Tajani, speaking in front of relevant parliamentary committees Thursday, announced Rome’s intention to re-establish diplomatic ties with Syria to prevent Russia from monopolizing diplomatic efforts in the Middle Eastern country.

Moscow is considered a key supporter of Syrian President Bashar Assad, who has remained in power despite widespread Western isolation and civilian casualties since the start of Syria’s civil war in March 2011.

Peaceful protests against the Assad government — part of the so-called “Arab Spring” popular uprisings that spread across some of the Middle East — were met by a brutal crackdown, and the uprising quickly spiraled into a full-blown civil war.

The conflict was further complicated by the intervention of foreign forces on all sides and a rising militancy, first by al-Qaida-linked groups and then the ISIS group until its defeat on the battlefield in 2019.

The war, which has killed nearly half a million people and displaced half the country’s pre-war population of 23 million, is now largely frozen, despite ongoing low-level fighting.

The country is effectively carved up into areas controlled by the Damascus-based government of Assad, various opposition groups and Syrian Kurdish forces.

In the early days of the conflict, many Western and Arab countries cut off relations with Syria, including Italy, which has since managed Syria-related diplomacy through its embassy in Beirut.

However, since Assad has regained control over most of the territory, neighboring Arab countries have gradually restored relations, with the most symbolically significant move coming last year when Syria was re-admitted to the Arab League.

Tajani said Thursday the EU’s policy in Syria should be adapted to the “development of the situation,” adding that Italy has received support from Austria, Croatia, Greece, the Czech Republic, Slovenia, Cyprus and Slovakia.

However, the US and allied countries in Europe have largely continued to hold firm in their stance against Assad’s government, due to concerns over human rights violations.