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Egypt, UAE, Israel Discuss Repercussions of Ukrainian Crisis

Egypt, UAE, Israel Discuss Repercussions of Ukrainian Crisis

Wednesday, 23 March, 2022 - 07:15
Egyptian President Abdel Fattah al-Sisi with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan and Israeli Prime Minister Naftali Bennett. (WAM)

In their first tripartite meeting, Egyptian President Abdel Fattah al-Sisi received Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan and Israeli Prime Minister Naftali Bennett in Sharm El-Sheikh on Tuesday.

The talks addressed the repercussions of global developments, especially concerning energy, market stability, and food security.

Media and political sources said that the meeting also included a discussion of Iranian influence.

Sheikh Mohammed and Bennett arrived in Sharm El-Sheikh on Monday, and each held a bilateral meeting with Sisi, according to Emirati and Israeli media, followed by the tripartite meeting.

Egyptian presidential spokesman Bassam Rady said the tripartite meeting tackled the repercussions of the Russian invasion of Ukraine, especially its impact on energy and food security.

The official Emirates News Agency (WAM) said the meeting discussed ways of "enhancing relations between the three countries, and the importance of cooperation and coordination to drive development and enhance stability in the region and bolstering global energy security and market stability."

The meeting came about a month after Russia invaded Ukraine, which caused a significant hike in oil prices amid security concerns in several countries.

Egypt is facing significant challenges in energy and food security after the war in Ukraine put pressure on emerging market economies, which prompted Cairo to devalue the currency by 14 percent. Moscow and Kyiv are Egypt's leading two wheat suppliers.

The war also led to a decline in Egypt's tourism revenues from Russia and Ukraine to the Red Sea resorts.

The tripartite meeting also expressed the political desire to address security issues, namely the escalation by the Iran-backed Houthi militias in the region and the related negative repercussions of the Russian-Ukrainian crisis and post-crisis arrangements.

They addressed the outcomes of the Iranian nuclear agreement talks and their impact on various political and security matters.

International relations and regional security expert Iman Zahran told Asharq Al-Awsat several indicators favor establishing tripartite cooperation and economic coalitions, most notably concerning the Egyptian-Israeli partnership in energy and the commercial partnership between the three countries.

In Tel Aviv, the tripartite meeting was announced a day in advance, but the government did not comment.

Bennett's office issued an official statement about the visit, noting that Sisi accompanied him to the airport.

The statement read that the PM met with Sisi and Sheikh Mohammed, noting that "against the backdrop of the recent developments in the world and the region, the leaders discussed the ties between the three countries and ways to strengthen them on all levels."

The visit is Bennett's second to Egypt. His first was in September last year.

Political sources in Tel Aviv stressed the importance of Bennett spending his night in Egypt for the first time in many years.

According to Yedioth Ahronoth newspaper, the tripartite meeting is part of Israeli orchestrated attempts to impose a blockade on Iran, which comprises all regional powers, including Turkey, backed by the US.

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