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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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Arab World

Iraqi Foreign Minister: We Have Received Explicit Israeli Threats

Iraqi President Abdul Latif Rashid addresses the Peace Forum in Duhok (Rudaw Network)
Iraqi President Abdul Latif Rashid addresses the Peace Forum in Duhok (Rudaw Network)
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Iraqi Foreign Minister: We Have Received Explicit Israeli Threats

Iraqi President Abdul Latif Rashid addresses the Peace Forum in Duhok (Rudaw Network)
Iraqi President Abdul Latif Rashid addresses the Peace Forum in Duhok (Rudaw Network)

Iraqi Foreign Minister Fuad Hussein stated on Friday that Iraq has received explicit threats from Israel, adding that the country’s armed forces have been instructed by the prime minister to prevent any attacks originating from Iraqi territory.

According to the Iraqi News Agency (INA), Prime Minister Mohammed Shia al-Sudani directed the armed forces to take action against anyone launching attacks from the country. The foreign minister emphasized that Iraq does not seek war and aims to avoid its dangers, noting that the region is “on fire” and facing “clear threats from Israel.”

The agency also reported that the Iraqi government has requested an emergency meeting of the Arab League Council to address Israeli threats. Iraq’s permanent representative to the Arab League submitted a request for a session at the level of permanent representatives of member states to confront what was described as menaces from the “Zionist entity.”

Earlier, Israeli Foreign Minister Gideon Sa’ar announced that he had sent a message to the president of the UN Security Council urging immediate action against activities of Iran-backed militias in Iraq. Sa’ar asserted that the Iraqi government bears responsibility for any actions occurring within or emanating from its territory.

Meanwhile, Iraqi officials have expressed pessimism about the outcome of the ongoing war in the Middle East. Nevertheless, they emphasized Baghdad’s commitment to supporting efforts to achieve lasting peace and security.

Speaking at the American University Forum in Duhok on Friday, Iraqi Parliament Speaker Mahmoud al-Mashhadani highlighted that the challenges facing Iraq have fundamentally changed since October 7.

He described the current situation in the Middle East as a “second Nakba”, stressing that the challenges stem from the failure of the international system, which he described as “ambiguous.”

Iraqi President Abdul Latif Rashid stated that Iraq would play its role in promoting peace in the Middle East and expressed his full support for efforts aimed at achieving a peaceful resolution to the Kurdish issue in Türkiye.

Speaking at the Duhok Forum, Rashid said that Iraq and the region are facing circumstances that require all parties to closely monitor the situation and find appropriate solutions to ongoing problems, emphasizing the need for lasting peace and security.

Masoud Barzani, leader of the Kurdistan Democratic Party, called for Iraq to remain neutral in the conflict, saying: “The crises in the region and the scenes of war in Lebanon and Gaza are tragic. We hope this suffering will come to an end.”

“We are all awaiting changes following the US presidential election. All indications suggest that a Trump administration will adopt a different approach compared to President Biden’s policies,” he added.

The Iraqi government has stated that under the Strategic Framework Agreement and security pact with the United States, Washington is responsible for “deterring and responding to any external attacks that threaten Iraq’s internal security.”

According to media reports, the US has informed Baghdad that Israeli military strikes on Iraq are “imminent” unless Baghdad prevents Iran-backed factions from launching attacks against Israel.