President Abdel Fattah El Sisi has reaffirmed Egypt’s unwavering commitment to de-escalating tension in the region, and stressed the necessity of halting ongoing hostilities and safeguarding the sovereignty and stability of Arab states.
The president also warned of the broader economic consequences of continued conflict, highlighting potential disruptions to global supply chains and rising energy prices, and reiterated Egypt’s firm rejection of any actions that undermine regional security under any pretext.
Egypt’s FM meets Lebanese President, conveys message of support, solidarity
Egypt’s Foreign Minister Badr Abdel-Aati met Lebanese President Joseph Aoun in Beirut on Thursday, during a visit to Beirut that mainly aims todeliver a message of solidarity from Egypt’s leadership and people.
Cabinet reviews crisis measures amid regional developments
Prime Minister Moustafa Madbouli chaired on Thursday the government’s weekly meeting at the New Administrative Capital. The session reviewed several files and current developments. Madbouli said ongoing military operations are affecting global politics, energy markets, supply chains, trade, financing costs, and growth expectations. He stressed that Egypt’s government is closely monitoring these impacts to protect economic stability.
Egypt’s banking sector remains resilient, well-capitalised – CBE
The Central Bank of Egypt (CBE) said on Thursday that the latest financial soundness indicators underscore the continued resilience and robustness of the Egyptian banking sector. It also reaffirmed its role as a fundamental pillar supporting economic, financial and monetary stability.
Trump: Talk now or there will be ‘NO TURNING BACK’
US President Donald Trump warned Iran Thursday to engage in talks to end the Middle East war “before it is too late”, after Tehran publicly spurned US overtures to resolve the nearly four-week conflict. Trump’s warning came as Israel said it had killed the commander of the Iranian Revolutionary Guards’ navy, calling him “directly responsible” for throttling the vital Strait of Hormuz shipping lane since the war’s outbreak.
Gulf Arab bloc: Iran charging fees for ships to safely transit Hormuz
The secretary-general of the Gulf Co-operation Council says Iran is charging fees for ships to safely transit the Strait of Hormuz. Jasem Mohamed al-Budaiwi is the first top official to accuse Iran of charging for safe passage through the strait. That’s the narrow mouth of the Persian Gulf through which 20% of traded oil once passed.
