- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Egypt Reclaiming Key Political Role in Middle East: Investment Minister

© Sputnik / Eduard Pesov / Go to the mediabankEgypt is reclaiming its political leadership among Middle Eastern states, the country's Investment Minister Ashraf Salman told Sputnik Arabic on Friday.
Egypt is reclaiming its political leadership among Middle Eastern states, the country's Investment Minister Ashraf Salman told Sputnik Arabic on Friday. - Sputnik International
Subscribe
As Egypt is moving toward political stability, Cairo is restoring its role of the Middle East leader, the country's investment minister states.

Armored vehicles stand alert at the entrance of Tahrir Square in Cairo, Egypt, Friday, Nov. 28, 2014 - Sputnik International
Egypt's Court Sentences 188 Ex-President Morsi's Supporters to Death
MOSCOW, December 19 (Sputnik) — Egypt is reclaiming its political leadership among Middle Eastern states, the country's Investment Minister Ashraf Salman told Sputnik Arabic on Friday.

"I can say that Egypt is moving toward political stability. The whole world is ready to cooperate with Egypt now. The Egyptian president was warmly welcomed in every country he has been to, for example in China, Greece, Italy, France, the United States and the United Nations. And before that Sisi visited Russia and a number of Arab countries. Egypt is restoring its key political role in the Middle East," Ashraf Salman said.

Ashraf Salman stressed that the country's economy hinges on political stability, and authorities have put maximum effort into enhancing security.

According to Ashraf Salman, Egypt's progress in strengthening security was noticed favorably by Russian Deputy Prime Minister Arkady Dvorkovich during his visit to Cairo this week.

An Egypt court has thrown out murder charges against Egypt’s former president Mubarak, and found him not guilty of corruption. - Sputnik International
Africa
Egyptian Court Acquits Mubarak of Corruption, Dismisses Murder Charges
Egypt has been suffering unrest since a July 2013 military coup, when then-president Mohamed Morsi was removed from power after mass anti-government protests across the country.

Following months of confrontation between Islamist protesters and government forces, Egypt's ex-defense minister, Abdel Fattah Sisi, was elected in May as the President of Egypt.

Russian Investment in Egypt’s Economy May Reach $1 Bln in 2015

The volume of Russian investments in the Egyptian economy may reach $1 billion in 2015, Egyptian Investment Minister Ashraf Salman predicted.

"I hope that in 2014-2015 we will manage to boost our bilateral cooperation in the energy and petrochemical sectors and in the modernization of the metallurgical industry. If we manage this, then I think the investment volume could reach $1 billion," Ashraf Salman said.

Egyptian President Abdel Fattah Al Sisi speaks during the general debate of the 69th session of the United Nations General Assembly - Sputnik International
Egyptian President Abdel Fattah Sisi Turns 60
Salman also noted that the creation of a Russian industrial cluster in Egypt has been discussed and the implementation of the project is likely to start in the near future.

In 2013 Russian investment in the Egyptian economy amounted to approximately $66 million. Currently there are around 400 Russian companies operating in Egypt, most of which are tourism-related.

In October, Russian President Vladimir Putin and Egyptian President Abdel Fattah Sisi agreed to create a Russian industrial zone in Egypt that would form part of the new Suez Canal project. The sides also agreed to negotiate the possibility of establishing a free trade zone between Egypt and members of the Customs Union.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала