Israeli PM to Meet Sisi Soon, Says No Meeting will Be Held with Abbas

Egyptian President Abdel Fattah el-Sisi meets with Palestinian President Mahmoud Abbas (File photo: Reuters)
Egyptian President Abdel Fattah el-Sisi meets with Palestinian President Mahmoud Abbas (File photo: Reuters)
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Israeli PM to Meet Sisi Soon, Says No Meeting will Be Held with Abbas

Egyptian President Abdel Fattah el-Sisi meets with Palestinian President Mahmoud Abbas (File photo: Reuters)
Egyptian President Abdel Fattah el-Sisi meets with Palestinian President Mahmoud Abbas (File photo: Reuters)

The Israeli Prime Minister Naftali Bennett will travel this week to Sharm el-Sheikh to meet with Egyptian President Abdel Fattah el-Sisi, announced the official Israeli Broadcasting Corporation.

The visit is the first of its kind for an Israeli prime minister in more than ten years, days after the tripartite summit between Sisi, Palestinian President Mahmoud Abbas, and Jordanian King Abdullah II.

Bennett will try to avoid progress on a political track with the Palestinians, while Sisi aims to pave the way for Israeli-Palestinian negotiations.

A senior Israeli official confirmed that Bennett would avoid discussing the Palestinian cause with Sisi and rather focus on security issues.

A spokesman for the Egyptian presidency, Ambassador Bassam Rady, told Radio Masr that the Egyptian-Jordanian-Palestinian summit reaffirmed the Egyptian-Jordanian support to the Palestinian cause.

"We have called on the international community and the international quartet to revive the peace process, under the new US administration and the new government in Israel," he added.

Egypt, Jordan, and Palestine agreed to keep communications channels at the level of foreign ministers and heads of security and intelligence services to reach a formula that will be activated during the coming period.

The Palestinians are working intensively with Egypt and Jordan to develop a plan that enjoys Arab and US support to launch a new political process in the region that leads to direct negotiations between the Palestinians and the Israelis.

The coordination intensified and accelerated after the war on the Gaza Strip and the US administration's desire to find a comprehensive solution based on the two-state solution.

The Palestinians received important signals from Washington after Biden met with Bennett last weekend and announced his support for the two-state solution.

Abbas met with Israeli Defense Minister Benny Gantz, who granted the Palestinians several facilities.

During a Zoom conversation with officials of Jewish organizations in the US, Bennett said he intends to reduce tensions with the Palestinians despite the lack of "political breakthrough" with them.

The prime minister said that there has always been a dichotomy: either move towards a Palestinian state or do nothing.

"I think that in many areas it is possible to act to reduce the problem ... especially in the economic field. I believe that employment and living with dignity can improve the situation. Two parties can take measures to reduce tensions and improve daily life."

Asked about the meeting between Gantz and Abbas, Bennett said he did not intend to meet with the Palestinian President because he had filed a complaint against Israel before the International Criminal Court in The Hague.

"I also do not want to create the illusion of something that will not happen because a disappointment can have negative consequences. We will not take drastic measures. We will freeze the construction and take measures to stabilize the area," he continued.

Israeli Foreign Minister Yair Lapid confirmed there were no political talks with the Authority, adding that 90 percent of the contacts are done through security coordination.



‘Oil-for-Salaries’ Deal Ends Dispute Between Baghdad and Erbil

Kurdistan Regional Government Prime Minister Masrour Barzani stressed the need to put an end to attacks on the region, particularly targeting oil fields (Reuters)
Kurdistan Regional Government Prime Minister Masrour Barzani stressed the need to put an end to attacks on the region, particularly targeting oil fields (Reuters)
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‘Oil-for-Salaries’ Deal Ends Dispute Between Baghdad and Erbil

Kurdistan Regional Government Prime Minister Masrour Barzani stressed the need to put an end to attacks on the region, particularly targeting oil fields (Reuters)
Kurdistan Regional Government Prime Minister Masrour Barzani stressed the need to put an end to attacks on the region, particularly targeting oil fields (Reuters)

The Iraqi federal government and the Kurdistan Regional Government (KRG) reached a landmark agreement on Thursday that ends a years-long dispute over oil revenues and public sector salaries.

The deal, announced following an emergency cabinet meeting in Baghdad, covers oil production handover, non-oil revenue sharing, and the resumption of salary payments to KRG employees beginning with May 2025.

According to a government statement, the agreement was based on a recommendation by a ministerial committee and aligned with Kurdistan’s regional cabinet decision No. 285, issued on July 16.

KRG Prime Minister Masrour Barzani confirmed the breakthrough, stating that the federal government had approved a “mutual understanding regarding salaries and the region’s financial entitlements.”

Under the terms of the deal, the KRG will hand over all crude oil production - currently 280,000 barrels per day (bpd) - to Iraq’s State Oil Marketing Organization (SOMO), with the exception of 50,000 bpd reserved for domestic consumption. This marks the first such commitment in more than two years, during which oil exports were suspended amid ongoing disputes and recent drone strikes targeting northern oilfields operated mostly by US firms.

In return, the federal Ministry of Finance will pay $16 per barrel, in cash or in kind, to cover production costs. Revenues from locally consumed oil derivatives will go to the federal treasury after deducting production and transport expenses.

On non-oil revenues, the KRG will transfer an initial 120 billion Iraqi dinars (approx. $92 million) to the federal finance ministry, representing an estimate of Baghdad’s share for May. A joint audit team from both governments will verify and finalize the figures within two weeks.

To resolve long-standing disputes over public salaries, a new joint committee will oversee the localization of KRG employee payrolls, in line with a ruling from the Federal Supreme Court. The committee is expected to complete its work within three months.

As part of the agreement’s first phase, the federal government will begin disbursing May salaries following confirmation from SOMO that the agreed oil volumes have been received.