Global markets edge higher on Monday    Oil prices hold near 2-week highs    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    GAFI launches guideline for cash investment Incentive to support industrial projects    Egypt launches initiative to transform petroleum waste into value-added resources    Egypt, Qatar press for full implementation of Gaza ceasefire    Egypt, China's CMEC sign MoU to study waste-to-energy project in Qalyubia    Egypt plans new policies to drive private sector growth in tourism, energy, health    URGENT: Egypt's net FX reserves surge to $50.216 bln in November – CBE    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    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    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi-Egypt ties at their best: Ambassador
Published in Amwal Al Ghad on 05 - 08 - 2015

Saudi Arabia's ambassador to Egypt, Ahmed Qattan, played down media reports suggesting that ties between both countries were strained and that bilateral relations are at their best, Egyptian state news agency MENA reported Tuesday.
The visit of Hamas' leader Khaled Meshaal to Saudi Arabia on 15 July fueled fresh speculation that the oil-rich kingdom's relationship with Egypt had become strained, though Qattan said that his visit was to perform Umrah (a non-mandatory pilgrimage). Qattan also said that Meshaal's meeting with Saudi King Salman bin Abdulaziz was "by chance."
Hamas, the ruler of Gaza, is an ideological offshoot of Egypt's Muslim Brotherhood -- from which ousted Islamist president Mohamed Morsi hails from -- and was declared a terrorist organisation following its downfall in 2013. Egypt's relations with Hamas have been strained ever since.
Ahead of the economic conference in Sharm El-Sheikh in March, Qattan said during an interview he gave to reporters at his embassy on Tuesday, there had also been speculation that Saudi Arabia's participation in the event would not be significant.
The allegations were refuted in light of the fact of strong Saudi support for Egypt, he said. He added that Saudi Arabia designated $4bn to Egypt following the economic conference to support Egypt's economy that has been suffering following the 2011 uprising.
Qattan also stressed that there will be an intensive increase in Saudi investments in Egypt witnessed soon, and that relations between both countries have been strengthened since the conference.
Last Thursday, Egyptian President Abdel Fattah El-Sisi and Saudi Defence Minister Mohammed Bin Salman issued what they named the "Cairo Declaration," outlining six facets of cooperation between Egypt and Saudi Arabia, including "enhancing the joint cooperation and investment between the two countries in the fields of energy, electricity, and transportation."
Saudi economic delegations have already started to arrive in Cairo for talks with the Egyptian government over investment projects that will be implemented in Egypt pursuant to the Cairo Declaration, Qattan said.
The Cairo Declaration, Qattan continued, came as a surprise to everyone and proves that bilateral ties are at their best, despite fresh allegations that relations had taken a turn for the worse.
He stressed that the Cairo Declaration also includes many projects that will be carried out in the Suez Canal Zone.
On Thursday, Egypt is to inaugurate the new Suez Canal -- a new 35-kilometer waterway which will decrease shipping times and increase revenue -- in a celebration that is set to be attended by a large number of heads of state and dignitaries.
Source: Ahram Online


Clic here to read the story from its source.