UAE, Egypt Coordinate Efforts to Enhance Investment Projects

Egyptian Minister of Local Development, Hisham Amna, during his meeting with UAE Ambassador to Cairo, Maryam al-Kaabi (Ministry of Local Development)
Egyptian Minister of Local Development, Hisham Amna, during his meeting with UAE Ambassador to Cairo, Maryam al-Kaabi (Ministry of Local Development)
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UAE, Egypt Coordinate Efforts to Enhance Investment Projects

Egyptian Minister of Local Development, Hisham Amna, during his meeting with UAE Ambassador to Cairo, Maryam al-Kaabi (Ministry of Local Development)
Egyptian Minister of Local Development, Hisham Amna, during his meeting with UAE Ambassador to Cairo, Maryam al-Kaabi (Ministry of Local Development)

Egypt and the UAE agreed to continue coordination and communication to enhance cooperation in investment projects.

This came as the UAE welcomed cooperation with the Egyptian government on the presidential initiative "A Decent Life."

Egyptian Minister of Local Development, Hisham Amna, met with the UAE Ambassador to Cairo, Maryam al-Kaabi, reiterating the deep Egyptian-Emirati relations at all political, economic, and cultural levels.

The Egyptian Minister welcomed the Emirati investments in Cairo, asserting the government's keenness to provide all support to increase and expand investments in a way that contributes to job opportunities.

Kaabi referred to the directives of the UAE leadership to provide all necessary support to further deepen bilateral relations with Egypt in all fields, especially the economic and investment sectors, and to make every effort to attract more Emirati investors to Egypt.

She praised the presidential initiative to develop the Egyptian countryside, which would contribute to changing the lives of millions of citizens.

Kaabi referred to the critical role played by the Egyptian community in all sectors, and Egyptian competencies that contributed to the building and renaissance of the UAE, pointing to the directives of the UAE leadership to provide all necessary support to deepen further bilateral relations between the two countries in all fields.

Egypt enjoys great human power in the Arab world and possesses advantages and economic elements that make it capable of attracting investments. She said it is also distinguished as a central hub and regional center for transit to the African continent and Europe.

The Local Development Ministry stated that the meeting reviewed areas of cooperation between the Ministry of Local Development and the UAE, especially in training, qualifying cadres, and supporting small, medium, and micro-enterprise projects.

The Egyptian Minister welcomed the exchange of experiences with the UAE regarding Egypt's hosting of the World Urban Forum at its 12th session in 2024, after the Emirate's successful hosting of the "Urban Forum" in 2020.

He also reviewed several areas of cooperation between Egypt and the UAE, including supporting the Ministry's "Local Development Fund" for small and micro-credit for women and the economic blocs of some governorates, especially in Upper Egypt.



Zelenskiy Says he May be Forced to Sign Mineral Agreement with US

Ukrainian President Volodymyr Zelensky holds a press conference at the end of the forum 'Ukraine. Year 2025', in Kyiv, Ukraine, 23 February 2025, amid the Russian invasion. EPA/SERGEY DOLZHENKO
Ukrainian President Volodymyr Zelensky holds a press conference at the end of the forum 'Ukraine. Year 2025', in Kyiv, Ukraine, 23 February 2025, amid the Russian invasion. EPA/SERGEY DOLZHENKO
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Zelenskiy Says he May be Forced to Sign Mineral Agreement with US

Ukrainian President Volodymyr Zelensky holds a press conference at the end of the forum 'Ukraine. Year 2025', in Kyiv, Ukraine, 23 February 2025, amid the Russian invasion. EPA/SERGEY DOLZHENKO
Ukrainian President Volodymyr Zelensky holds a press conference at the end of the forum 'Ukraine. Year 2025', in Kyiv, Ukraine, 23 February 2025, amid the Russian invasion. EPA/SERGEY DOLZHENKO

Ukrainian President Volodymyr Zelenskiy on Sunday said he may be forced to sign an economic agreement with the United States that would ensure continued aid for Ukraine in return for the US making a profit from minerals in the country.
“If your conditions are, ‘We will not give you aid if you do not sign an agreement,’ then it is clear,” Zelenskiy said during a news conference at a forum of government officials in Kyiv marking the three-year anniversary of Russia’s full-scale invasion of Ukraine.
“If we are forced and we cannot do without it, then we should probably go for it ... I just want a dialogue with President (Donald) Trump."
The Trump administration has pressured Zelenskiy to sign a deal allowing the US access to Ukrainian rare earth minerals as a form of compensation for the assistance the US has provided to Kyiv as it defends against Russia's invasion.
Zelenskiy earlier declined to sign off on an initial US offer, arguing it did not provide Ukraine with the security guarantees it needs to deter Russian attacks.
On Sunday, Zelenskiy said he was open to brokering a deal that would let the US profit from his country's minerals, but the $500 billion sum initially proposed by the Trump administration wasn't acceptable.
"I am not signing something that will be paid off by 10 generations of Ukrainians,” The Associated Press reported.
Zelenskiy’s chief of staff, Andrii Yermak, left the Kyiv forum early on Sunday along with Economic Minister Yuliia Svyrydenko for what Yermak said were talks with US officials on a potential deal.
He said Ukraine’s mineral resources represent “a very important element that can work in the general structure of security guarantees — military guarantees and others.”