FRA approves establishment of five new firms for investment fund management, SME financing    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's Environment Minister attends AMCEN conference in Nairobi    Egypt considers launching national platform to mobilise green financing for private-sector industrial transformation    Egyptian, Belarusian officials discuss drug registration, market access    Egypt's ARC, Italy's AICS sign deal to boost wheat production    Gold prices edge higher on July 16th    Egypt stocks hit record highs in 2025 as reforms fuel rally: Cabinet    Egypt condemns Israeli strikes on Lebanon, Syria    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico explore joint action on environment, sustainability    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM urges BRICS to prioritise peace    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Egypt, Greece and Cyprus to cooperate in natural gas exploration
Al-Sisi highlights maritime trade and hydro-carbons as key areas for future investment
Published in Daily News Egypt on 09 - 12 - 2015

Egyptian President Abdel Fattah Al-Sisi expressed his optimism regarding the steps discussed towards increasing cooperation with Greece and Cyprus.
During the trilateral summit that held between Egypt, Greece and Cyprus leaders, Al-Sisi said the Athens meeting reflects the determination to move forward in an attempt to achieve development and progress.

The three countries agreed on further cooperation in various fields, especially in the economic, maritime and tourism sectors.

The three sides also agreed on ways to confront terrorism. "We agreed on facing terrorism through refuting the ideological foundations of the terrorist groups and not limiting it to the security and military strategies," Al-Sisi said.

A number of joint projects are expected to be declared between the three countries in the upcoming period.
The heads of state further highlighted the importance of international solidarity to address the illegal immigration phenomenon.
The issue should be tackled from a comprehensive perspective that takes into consideration the social dimensions, according to the Egyptian president.
Greek Prime Minister Alexi Tsipras said the meeting adopted "Athens declaration", which aims to combat terrorism, in addition to enhancing maritime and energy collaboration.
The declaration also affirms the need for a political solution to the Cyprus dispute, in addition to a fair resolution of the Palestinian conflict.
Al-Sisi said on Tuesday that Greece and Egypt should increase cooperation on economic investments and natural resources, particularly oil and gas.
He also said both nations should seek to exploit the various opportunities presented by the hydro-carbon wealth of the Mediterranean Sea, while increasing links between Egyptian and Greek ports.
One outcome of Al-Sisi's Athens trip so far is an agreement on the establishment of a joint working group to discuss all issues related to bilateral relations.
Tsipras expressed Greece's eagerness to promote investment relations, increase the volume of trade, and take advantage of various opportunities offered by Egypt's various mega-projects, particularly the Suez Canal Area Development Project.
He also affirmed his country's continued support for Egypt, noting its pivotal role in the region and its efforts to promote security and political stability.
The mechanism of cooperation between Egypt, Greece, and Cyprus was, Tsipras said, the starting point for a larger regional cooperation mechanism that could meet the needs and aspirations of people in the region.
Al-Sisi lauded the level of military and security cooperation between both countries, which is based on a shared vision of the nature of the challenges facing the region, according to a presidency statement.
He said Egypt is keen to develop military and security cooperation with Greece, particularly in the face of growing terrorism threats and the refugee crisis, while furthering steps to tackle weapons smuggling and people trafficking.
Al-Sisi is scheduled to meet the Greek defence minister on Wednesday for more detailed discussions on security issues. Egypt and Greece have the same vision regarding the need to unify international efforts to fight against terrorist groups, Egyptian presidency spokesperson Alaa Youssef said.
Regarding regional issues, Greece and Egypt agreed on the need to support the Libyan government and its national army.
Al-Sisi also met his Cypriot counterpart Nicos Anastasiades in Athens. They agreed on joint efforts to promote maritime transport, trade, and the exploration and extraction of natural resources. They also discussed the development of Egyptian facilities for the importation and liquefaction of Cypriot gas.
Egyptian army chief of staff Mahmoud Hegazi headed to Greece on Wednesday for the Egypt-Greece joint air-naval exercise Medusa 2015.

During the visit, Hegazi will meet with officials in the Greek armed forces to discuss further collaboration, according to a statement released by the Egyptian Ministry of Defence.


Clic here to read the story from its source.