Egypt Affirms Support for Efforts to Combat Terrorism in Africa’s Sahel Region

West African countries suffer from the spread of terrorist groups (AFP)
West African countries suffer from the spread of terrorist groups (AFP)
TT

Egypt Affirms Support for Efforts to Combat Terrorism in Africa’s Sahel Region

West African countries suffer from the spread of terrorist groups (AFP)
West African countries suffer from the spread of terrorist groups (AFP)

Egyptian Foreign Minister Badr Abdelatty affirmed on Friday his country’s support for efforts to combat terrorism and extremism in West Africa’s Sahel region.
The Minister held a phone call with Burkina Faso's Foreign Minister Karamoko Jean Marie Traore. The talks focused on enhancing existing cooperation and exploring new opportunities aligned with both countries' current priorities, the Egyptian Foreign Ministry said in a statement.
Abdelatty emphasized Egypt's commitment to supporting national capacity building and institutional development in African nations through the Egyptian Agency of Partnership for Development, and the scholarships from Egyptian universities.
He reiterated his country’s support for Burkina Faso’s efforts against terrorism and cross-border crime and highlighted the role of Al-Azhar mission in Burkina Faso in countering extremist ideologies and promoting moderate, accurate representations of Islam.
The Egyptian Minister also expressed Cairo’s dedication to strengthening peace and security in Africa, addressing shared regional and international issues, and responding to the security challenges facing West African countries, particularly in the Sahel and Sahara regions.
Also, in a call with his Nigerian counterpart Bakari Yao Sangare, Abdelatty underscored Egypt's role in assisting Niger in combating terrorism and building national capacities.
Both sides reviewed the latest developments in the Sahel region and West Africa and other regional and international issues.
The ministers also discussed the prospects of strengthening the existing bilateral cooperation frameworks during the coming period, especially in the economic and development fields.
Furthermore, Egypt's FM spoke to his Malian counterpart Abdoulaye Diop, given the “great importance of Mali in the Sahel region of Africa,” as described in the ministry statement.
During the phone call, Abdelatty affirmed Cairo's ongoing efforts to bolster security and stability in West Africa and support national governments in reclaiming sovereignty over their territories and combating terrorism.

 



Iraq Faces 2025 Fiscal Squeeze Amid Oil Price Decline, Adviser to PM Says 

A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
TT

Iraq Faces 2025 Fiscal Squeeze Amid Oil Price Decline, Adviser to PM Says 

A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)

Iraq faces a budget crunch in 2025 due to the slump in the price of oil, the overwhelming source of government revenue, a top economic adviser to Prime Minister Mohammed Shia al-Sudani said.

"We don't anticipate major problems in 2024, but we need stricter financial discipline for 2025," Mudher Saleh told Reuters in an interview late on Monday.

Iraq, OPEC's second-largest producer, is heavily dependent on oil revenues. The hydrocarbons sector accounts for the vast majority of export earnings and some 90% of state revenue.

This huge reliance on oil makes Iraq particularly vulnerable to fluctuations in global crude prices.

Still, Iraq increased its budget in 2024 even after record spending in 2023, when more than half a million additional employees were hired into the already-bloated public sector and a capital-intensive nationwide infrastructure revamp began.

The 2024 budget rose to 211 trillion dinars ($161 billion) from 199 trillion dinars ($153 billion) in 2023, maintaining a projected deficit of 64 trillion dinars, Saleh said.

The budget assumes an oil price of $70 per barrel in 2024, around $6 less than the likely average price this year.

Saleh said that paying salaries and pensions on time remain a top priority. They account for 90 trillion dinars ($69 billion), or over 40% of the budget, and are a key factor of social stability in Iraq.

"The government will pay salaries even if it costs everything. Salaries are holy in Iraq," he said.

Infrastructure development, meanwhile, could be refocused on the most strategic projects - such as key road and bridge works in the capital Baghdad - if the state finds itself in a financial crunch, he said.

To bolster finances, Iraq is focusing on increasing non-oil revenues through improved tax collection but is not exploring any new levies, Saleh said.

He estimated that Iraq loses up to $10 billion annually due to tax evasion and customs-related problems.

Concerns for the 2025 budget reflect a challenging global oil market. Oil prices have been on a downward trend since mid-2022, with Brent crude, the international benchmark, falling from over $120 per barrel to below $75 in recent days.

This decline is largely attributed to weakening global demand, particularly from China, the world's largest oil importer, as its economic growth slows down.