Aoun: Lebanon Is not on the Path of Bankruptcy

President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)
President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)
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Aoun: Lebanon Is not on the Path of Bankruptcy

President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)
President Michel Aoun meets with a delegation of the Lions clubs at the Baabda Palace (NNA)

President Michel Aoun warned against spreading negativity over the country’s economic situation and disseminating harmful rumors.

“The Lebanese pound is not in danger and Lebanon is not on the road to bankruptcy,” he said on Wednesday during a meeting at the Baabda Palace with a delegation of the Lions clubs, headed by Governor of the Region 351, which includes Lebanon, Jordan, Palestine, and Iraq.

The delegation visited the Baabda Palace to thank Aoun for patronizing the hand-over ceremony held recently, and to brief him on the Lions humanitarian activities and programs scheduled for 2018.

Addressing the delegation, the president said he hoped that the overall situation in Lebanon and the Arab countries would improve significantly, and peace would prevail.

“We in the Arab world are all living martyrs. Shrapnel of wars in the region has spread across Lebanon through terrorism and sleeping cells. We thank God that we have been able to establish internal security and fortify our borders. We are now at the point of addressing economic security after we were afflicted with many economic burdens. Rumors that the economic situation is on the brink of the abyss are not only false but also abhorrent,” Aoun stressed.

He noted that some political parties were working on spreading rumors “to derail the reform process that we have initiated.”

“We do not deny that there is a crisis, but we are dealing with it through the adoption of the state budget, which has not happened for nearly 11 years, as well as through the economic plan that we have set and through the CEDRE Conference,” the president said.



Egypt Seeks to Deepen Ties with African Nations to Counter Common Challenges

18 September 2024, Egypt, Cairo: Egypt's Foreign Minister Dr. Badr Abdelatty speaks during a press conference at Tahrir Palace. (dpa)
18 September 2024, Egypt, Cairo: Egypt's Foreign Minister Dr. Badr Abdelatty speaks during a press conference at Tahrir Palace. (dpa)
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Egypt Seeks to Deepen Ties with African Nations to Counter Common Challenges

18 September 2024, Egypt, Cairo: Egypt's Foreign Minister Dr. Badr Abdelatty speaks during a press conference at Tahrir Palace. (dpa)
18 September 2024, Egypt, Cairo: Egypt's Foreign Minister Dr. Badr Abdelatty speaks during a press conference at Tahrir Palace. (dpa)

Egypt held a series of contacts and consultations with African officials to boost its relations throughout the continent.

Foreign Minister Dr. Badr Abdelatty held telephone talks on Friday with his counterparts from Kenya, Congo Brazzaville and Guinea Bissau to discuss regional and international developments.

Experts said the contacts aim at “deepening Egypt’s presence in Africa.”

An Egyptian Foreign Ministry spokesman said the talks tackled bilateral ties and means to strengthen them.

They discussed cooperation in various fields, including development, the economy, trade and investment.

The discussions underlined the importance of supporting development in Africa and achieving economic integration between its countries.

They stressed the need to intensify consultations and coordination to confront common economic, development and security challenges.

Abdelatty said Cairo was ready to support Congo Brazzaville through offering technical assistance and helping inaugurate sustainable development projects.

Former assistant minister of foreign affairs Ambassador Salah Halima noted that Egypt has intensified its talks with African countries in recent months.

He told Asharq Al-Awsat that the contacts aim to deepen its bilateral relations with African nations and to consult over pressing issues facing the Horn of Africa, Red Sea, central Africa and Sahel regions.

Former member of the Council for Foreign Affairs Ali al-Hafny told Asharq Al-Awsat that Egypt’s ties with Africa are now stronger than ever, noting the series of contacts and President Abdel Fattah al-Sisi's visits to various African countries.

Abdelatty had last month visited Gabon and Chad. Talks with officials focused on joint coordination over regional issues of common concern.

Al-Hafny said combating terrorism, resolving conflicts and supporting bilateral relations in the fields of infrastructure, energy, agriculture, and food and water security are top concerns in Africa.