Egypt Stresses Importance of Maintaining Somalia’s Security, Stability

A meeting held Sunday between Egypt’s Prime Minister Moustafa Madbouly and Ambassador Ilyas Sheikh Omar Abu Bakr, the outgoing Ambassador of Somalia to Egypt (Egyptian Foreign Ministry)
A meeting held Sunday between Egypt’s Prime Minister Moustafa Madbouly and Ambassador Ilyas Sheikh Omar Abu Bakr, the outgoing Ambassador of Somalia to Egypt (Egyptian Foreign Ministry)
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Egypt Stresses Importance of Maintaining Somalia’s Security, Stability

A meeting held Sunday between Egypt’s Prime Minister Moustafa Madbouly and Ambassador Ilyas Sheikh Omar Abu Bakr, the outgoing Ambassador of Somalia to Egypt (Egyptian Foreign Ministry)
A meeting held Sunday between Egypt’s Prime Minister Moustafa Madbouly and Ambassador Ilyas Sheikh Omar Abu Bakr, the outgoing Ambassador of Somalia to Egypt (Egyptian Foreign Ministry)

Egypt on Sunday emphasized the importance of achieving security, stability, and peace in Somalia as a fundamental pillar for security and stability in the entire region.

Cairo also affirmed its full support for Mogadishu.

Last January, Egypt emphasized the necessity of full respect for the unity and sovereignty of Somalia over its lands, expressing its full rejection to any measures that would undermine Somalia's sovereignty.

This came after Ethiopia signed a memorandum of understanding with Somaliland that would give Addis Ababa access to the Red Sea, a key waterway for global trade. In return, Ethiopia would consider recognizing Somaliland's independence.

Mogadishu had rejected the MoU, saying it violates its sovereignty.

On Sunday, Egypt reiterated its support for Somalia’s stability during a meeting held between its Prime Minister, Moustafa Madbouly, and Ambassador Ilyas Sheikh Omar Abu Bakr, the outgoing Ambassador of Somalia to Egypt.

The PM affirmed Egypt’s full support for Somalia in light of close historical relations between the two sides.

Madbouly asked the ambassador to convey his greetings to the Somali Prime Minister and expressed his desire to strengthen joint cooperation between the two nations.

For his part, Abu Bakr praised the cooperation he received from Egyptian state institutions and emphasized Somalia’s aspiration for continued Egyptian support, particularly in light of the political and security challenges the country faces.

The Arab League had also rejected the MoU between Ethiopia and Somaliland and affirmed its support for Somalia’s sovereignty.

Somaliland is a former British colony that declared its independence from Somalia in 1991 but was not recognized by the international community.

Last January, the MoU faced international opposition. The US, the EU and the UK urged parties to respect Somali sovereignty.

The Somali Ambassador on Sunday expressed his appreciation for the Egyptian political leadership’s support in achieving stability in Somalia.



Syria’s Caretaker PM: Syria Has Very Low Foreign Currency Reserves

This handout image made available by the Telegram channel of the official Syrian Arab News Agency (SANA) early on December 17, 2024 shows Syria's interim Prime Minister Mohammad al-Bashir meeting with the UN Emergency Relief Coordinator in Damascus. (SANA / AFP)
This handout image made available by the Telegram channel of the official Syrian Arab News Agency (SANA) early on December 17, 2024 shows Syria's interim Prime Minister Mohammad al-Bashir meeting with the UN Emergency Relief Coordinator in Damascus. (SANA / AFP)
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Syria’s Caretaker PM: Syria Has Very Low Foreign Currency Reserves

This handout image made available by the Telegram channel of the official Syrian Arab News Agency (SANA) early on December 17, 2024 shows Syria's interim Prime Minister Mohammad al-Bashir meeting with the UN Emergency Relief Coordinator in Damascus. (SANA / AFP)
This handout image made available by the Telegram channel of the official Syrian Arab News Agency (SANA) early on December 17, 2024 shows Syria's interim Prime Minister Mohammad al-Bashir meeting with the UN Emergency Relief Coordinator in Damascus. (SANA / AFP)

Syrian caretaker Prime Minister Mohammad al-Bashir told Al Jazeera TV on Tuesday that Syria has very low foreign currency reserves.

Current and former Syrian officials have told Reuters that the dollar reserves have been nearly depleted because Bashar al-Assad's government increasingly used them to fund food, fuel and its war effort.

The central bank's foreign exchange reserves amount to just around $200 million in cash, one of the sources told Reuters, while another said the US dollar reserves were "in the hundreds of millions".