Sisi Reiterates Egypt’s Support to Libya’s Supreme Interest

Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)
Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)
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Sisi Reiterates Egypt’s Support to Libya’s Supreme Interest

Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)
Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)

Egypt’s President Abdel Fattah al-Sisi reiterated Egypt’s full support for everything that would achieve Libya's supreme interest and the free will of its people, and preserve its sovereignty and territorial integrity.

Sisi received in Cairo head of the Libyan Presidential Council Mohammed al-Menfi for the second time in a month.

They discussed developments in Libya and ongoing preparations to hold presidential and parliamentary elections scheduled on Friday.

Menfi commended the vital role played by Egypt and its sincere efforts, led by Sisi, to restore security and stability in Libya and unify its state institutions, especially the military, in line with the work of the 5 + 5 committee, stated presidency spokesperson Bassam Rady.

The two parties agreed to intensify consultations and coordination to follow up on developments in the political process and procedures for managing the transitional phase, in a way that helps restore Libya’s stability and unify its institutions.

The meeting was attended by Egyptian Foreign Minister Sameh Shoukry and head of General Intelligence, Abbas Kamel, and Libya's permanent representative to the Arab League, Ambassador Abdel Muttalib Idris.



Bahrain's Economy Expands 3.4% in Q4 Driven by Non-oil Growth

General view of capital Manama, Bahrain, October 30, 2022. (Reuters)
General view of capital Manama, Bahrain, October 30, 2022. (Reuters)
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Bahrain's Economy Expands 3.4% in Q4 Driven by Non-oil Growth

General view of capital Manama, Bahrain, October 30, 2022. (Reuters)
General view of capital Manama, Bahrain, October 30, 2022. (Reuters)

Bahrain's economy expanded by 3.4% in the fourth quarter compared to a year earlier, the finance ministry said on Tuesday, citing preliminary data.

Growth was driven primarily by a 4.6% increase in non-oil activities, while oil activities declined by 3.5% over the same period, data from the Gulf nation's Information and eGovernment Authority showed.

For 2024, Bahrain's real total gross domestic product grew by 2.6%, according to the statement.

According to projections from the ministry, Bahrain's real GDP is expected to grow by 2.7% in 2025, due to a 3.4% expansion in non-oil activities, coinciding with the operation of the Bapco Modernization Program.

The Bapco Modernization Program, one of Bahrain's largest energy investments, is expected to significantly raise refinery output, bolstering fiscal revenues amid efforts to diversify the economy.

Growth is forecast to reach 3.3% in 2026, supported by a 3.9% increase in non-oil activities.

"However, the forecasts will be closely monitored and updated to account for the ongoing global uncertainty and escalating turmoil that may affect the economic projections," the ministry said.

Last month, global ratings agency S&P Global downgraded Bahrain's outlook to "negative" from "stable", citing ongoing market volatility and weaker financing conditions that could increase the government's interest burden.

Escalating trade tensions have added to global economic uncertainty, clouding macroeconomic forecasts and weighing on investor and policymaker confidence around the world.