EGX ends week mostly higher on Oct. 16    Egypt, Qatar sign MoU to boost cooperation in healthcare, food safety    Egypt, UK, Palestine explore financing options for Gaza reconstruction ahead of Cairo conference    Egyptian Amateur Open golf tournament relaunches after 15-year hiatus    Egypt's Kouchouk: IMF's combined reviews will give clearer picture of fiscal performance    Egypt will never relinquish historical Nile water rights, PM says    Oil prices rise on Thursday    Fragile Gaza ceasefire tested as humanitarian crisis deepens    Egypt explores cooperation with Chinese firms to advance robotic surgery    CBE, China's National Financial Regulatory sign MoU to strengthen joint cooperation    Avrio Gold to launch new jewellery, bullion factory in early 2026    AUC makes history as 1st global host of IMMAA 2025    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi, Sudan's Al-Burhan renew opposition to Ethiopia's unilateral Blue Nile moves    Egypt's Cabinet hails Sharm El-Sheikh peace summit as turning point for Middle East peace    Gaza's fragile ceasefire tested as aid, reconstruction struggle to gain ground    Egypt's human rights committee reviews national strategy, UNHRC membership bid    Al-Sisi, world leaders meet in Sharm El-Sheikh to coordinate Gaza ceasefire implementation    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Egypt will have major role in Obama speech: US embassy
Thursday address will hail Egypt's importance as a regional leader and the influence of its revolution on democratic movements
Salma El Wardani Published in Ahram Online on 18 - 05 - 2011

President Obama will focus on Egypt in a high-profile speech to be delivered on Thursday that will address recent developments in the Middle East and US policy in the region, Elizabeth Colton, spokesperson for the US embassy in Cairo has said.
"Egypt will figure prominently in this speech," Colton told Ahram Online, citing "the influence Egypt's revolution has had in inspiring democratic movements in the region and the importance of Egypt as a regional leader".
Obama is expected to deliver a speech on the events in the Middle East and North Africa and US policy towards them on Thursday 19 May at 5:40pm Cairo time, according to the official website of the US embassy in Cairo.
An article published by the Wall Street Journal today reports that President Barack Obama is expected to announce a new aid plan for the Middle East and North Africa in his speech tomorrow.
US officials say the measures to be announced will be far bolder than previous American economic assistance to the region.
"Mr. Obama will outline the plan, which could include debt cancellation and a reprogramming of financial aid the US already provides to countries like Egypt," the article says."The administration is looking at a mixture of direct aid, debt relief, and export credits to help stabilize Egypt's finances."
"There are a whole range of tools we could use," the Wall Street Journal quoted a US official as saying. "We've been looking for the right mix."
Colton couldn't give Ahram Online further details on what kind of financial aid Obama is planning to announce for Egypt, or whether economic assistance might be politically conditioned.
An Egyptian financial delegation, headed by Egypt's Minister of International Cooperation, Fayza Abul Naga, Minister of Finance, Samir Radwan, and the governor of the Central Bank of Egypt, Farouk El-Oqda, visited Washington DC last month to discuss the possibility of debt relief.

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