Egypt and Oman agree to establish joint investment fund

Egypt and Oman agree to establish joint investment fund
Egyptian President Abdel Fattah El-Sisi and Sultan of Oman Haitham bin Tariq. (Spokesman of the Egyptian Presidency)
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Updated 30 June 2022

Egypt and Oman agree to establish joint investment fund

Egypt and Oman agree to establish joint investment fund
  • Two countries also sign agreements in multiple sectors, including the environment and education
  • Agreement comes during Egyptian President El-Sisi’s official visit to Oman 

CAIRO: Egyptian President Abdel Fattah El-Sisi and Sultan of Oman Haitham bin Tariq have agreed on a study to establish a joint investment fund between their two countries, focused on feasible projects in various vital sectors.

In a joint statement released on Tuesday, the two leaders confirmed, during the official visit of the Egyptian president to Oman, that all relevant authorities would discuss investment opportunities in fields including energy and renewables, industry, healthcare and pharmaceuticals.

During El-Sisi’s visit, Egypt and Oman signed two agreements, six memoranda of understanding, three executive programs and letters of cooperation in promoting competition, combating monopolies, promoting investment, developing exports, establishing and managing industrial zones, and protecting the environment, in addition to the mutual recognition of marine qualification certificates for navigators.

The governments of the two countries also signed a cooperation agreement in maritime transport and ports, and a cooperation agreement between Sultan Qaboos University and the Egyptian National Institute for Astronomical and Geophysical Research.

El-Sisi affirmed “Egypt’s keenness during the coming period to develop economic and commercial cooperation relations with the Omani business community and companies, and develop joint investments, to contribute to supporting economic development … to maximize mutual interests and optimal utilization of available opportunities.”

During his meeting with representatives of the business community and heads of major companies in Oman, with the participation of a number of senior Omani officials and representatives, he stressed that “the qualitative leap that Egypt has witnessed recently in the various development sectors reflects the strong will of the state, with its governmental and popular components to achieve sustainable development, which will have positive repercussions on the strengthening of bilateral relations between Egypt and the Sultanate of Oman by opening doors to maximize existing Omani investments in various sectors.

“The distinguished fraternal relations between the two brotherly countries are the real umbrella for supporting efforts to develop joint cooperation in various economic fields through the availability of the necessary political will,” El-Sisi said.

The Egyptian leader also discussed the various investment opportunities in Egypt, foremost of which is the development axis of the Suez Canal Zone, which includes a number of major industrial and logistical areas, and which provides promising opportunities for Omani companies wishing to benefit from Egypt’s strategic location.

El-Sisi arrived in Oman on Monday and an official reception ceremony was held for him. 

Talks between the two leaders were held at Al-Alam Palace in the Omani capital Muscat and included delegations from both countries.

El-Sisi affirmed Egypt’s “pride in the depth and strength of strategic relations with the Sultanate of Oman,” and its desire to “strengthen and diversify the frameworks of joint bilateral cooperation, and explore mechanisms to push them to broader horizons in various political, security, economic and commercial fields.”

He also praised “the existing level of coordination and unity of visions between the two brotherly countries on issues of common interest,” as well as the “Omani-Egyptian consensus on all regional and international issues.”

Ambassador Bassam Radi, official spokesman for the Presidency of the Republic, said El-Sisi and Sultan Haitham held an expanded session of talks, during which the sultan praised the “close and historical brotherly ties that unite the two countries.”


Lebanon receives US mediator proposals for maritime border with Israel

Lebanon receives US mediator proposals for maritime border with Israel
Updated 51 min 41 sec ago

Lebanon receives US mediator proposals for maritime border with Israel

Lebanon receives US mediator proposals for maritime border with Israel

Lebanese President Michel Aoun has received a letter from US mediator Amos Hochstein regarding proposals for the demarcation of a maritime border with Israel, the presidency said on Saturday on Twitter.
A deal could defuse a potential source of conflict between Israel and the heavily armed, Iran-backed Lebanese group Hezbollah, which has warned against any Israeli exploration and extraction in the disputed waters.


Arab states condemn terrorist attack on educational center in Kabul

Arab states condemn terrorist attack on educational center in Kabul
Updated 01 October 2022

Arab states condemn terrorist attack on educational center in Kabul

Arab states condemn terrorist attack on educational center in Kabul

DUBAI: Arab states have condemned Friday’s terrorist attack that targeted an educational center in Afghanistan’s capital, Kabul, which killed teenage students, most of them girls.

The bombing happened in the Dasht-e-Barchi neighborhood of western Kabul, a predominantly Shiite Muslim area home to the minority Hazara community, the target of some of Afghanistan’s most deadly attacks.

The bomber shot dead two security guards before entering the gender-segregated hall where students were sitting for a practice college examination, earlier reports said.

There has been no claim of responsibility for the attack.

The Jordanian Ministry of Foreign Affairs and Expatriates, in a statement, condemned the attack which killed and injured “scores of innocent people.”

The ministry voiced its rejection of all forms of violence and terrorism.

Bahrain also condemned the suicide blast, and in a statement from the Ministry of Foreign Affairs expressed the kingdom’s “deep condolences and sympathy to the families of the victims.”

It also wished a speedy recovery for those injured.

Kuwait similarly denounced the attack as the Gulf state renewed its “firm and principled stance against all forms of violence and terrorism.”


Turkey rejects Russia’s annexation of Ukrainian territory

Turkey rejects Russia’s annexation of Ukrainian territory
Updated 01 October 2022

Turkey rejects Russia’s annexation of Ukrainian territory

Turkey rejects Russia’s annexation of Ukrainian territory
  • Turkey, a NATO member, has conducted a diplomatic balancing act since Russia invaded Ukraine

ISTANBUL: Turkey’s Foreign Ministry said on Saturday it rejects Russia’s annexation of four regions in Ukraine, adding the decision is a “grave violation” of international law.
Turkey, a NATO member, has conducted a diplomatic balancing act since Russia invaded Ukraine on Feb. 24. Ankara opposes Western sanctions on Russia and has close ties with both Moscow and Kyiv, its Black Sea neighbors. It has also criticized Russia’s invasion and sent armed drones to Ukraine.
The Turkish ministry said on Saturday it had not recognized Russia’s annexation of Crimea in 2014, adding that it rejects Russia’s decision to annex the four regions, Donetsk, Luhansk, Kherson and Zaporizhzhia.
“This decision, which constitutes a grave violation of the established principles of international law, cannot be accepted,” the ministry said.
“We reiterate our support to the resolution of this war, the severity of which keeps growing, based on a just peace that will be reached through negotiations,” it added.
Russian President Vladimir Putin proclaimed the annexation of the regions on Friday, promising Moscow would triumph in its “special military operation” even as he faced a potentially serious new military reversal.
His proclamation came after Russia held what it called referendums in occupied areas of Ukraine. Western governments and Kyiv said the votes breached international law and were coercive and non-representative.
The United States, Britain and Canada announced new sanctions in response.
Ukrainian President Volodymr Zelensky said on Friday his country had submitted a fast-track application to join the NATO military alliance and that he would not hold peace talks with Russia while Putin was still president.


UAE provides aid to those affected by floods in Mauritania

UAE provides aid to those affected by floods in Mauritania
Updated 01 October 2022

UAE provides aid to those affected by floods in Mauritania

UAE provides aid to those affected by floods in Mauritania
  • According to UN OCHA, at least 19 people have died, 38,000 people have been affected

The UAE sent a plane carrying food items on Friday to various cities and villages affected by the torrential rains that recently struck southern and eastern Mauritania, state news agency WAM reported. 

Since late July, heavy rainfall and widespread floods hit several parts of Mauritania. According to UN OCHA, at least 19 people have died, 38,000 people have been affected, and almost 4,000 houses destroyed.

“The provision of these supplies reflects the strong relations between the two countries and underscores the UAE’s humanitarian role in providing relief to those in need and those affected by disasters that threaten food security,” said Hamad Ghanem al-Mehairi, UAE Ambassador to Mauritania. 

The UAE previously sent aid to Mauritania in April 2021, as well as medical aid to support the country's efforts in combating the COVID-19 pandemic.


Iran arrests artist whose viral song became protest anthem

Iran arrests artist whose viral song became protest anthem
Updated 01 October 2022

Iran arrests artist whose viral song became protest anthem

Iran arrests artist whose viral song became protest anthem
  • A few days before his arrest on September 29, Shervin Hajipour posted the moving song on Instagram
  • Iranian authorities have also arrested female artist Donya Rad, Radio Farda reported

DUBAI: Shervin Hajipour, whose viral song became the anthem for anti-government protests in Iran, has been arrested by police with his whereabouts currently unknown.

It was also unclear what were the charges brought against the young singer, news website Radio Farda reported.

A few days before his arrest on September 29, Hajipour posted the moving song on Instagram describing the current situation in the Islamic Republic, which was triggered by the death of Mahsa Amini while in custody of the morality police.

Hajipour’s song had garnered more than 40 million views on Instagram, and has spread on other social media platforms, before it was removed.

The lyrics of Hajipour’s song was woven from tweets posted by Iranians following Amini’s death, many of them blaming the country’s clerical leadership for the current social, economic and political problems.

 

 

“For the shame of having no money,” read one of the tweets in Hajipour’s song.

“For the fear of kissing a lover on the street,” said another tweet.

“For the political prisoners,” another part of the lyrics said.

Iranian authorities have also arrested female artist Donya Rad, Radio Farda reported, after she posted a photo of herself eating out in Tehran without a head scarf and the image going viral on social media.

Rad’s sister claimed Donya was taken to Tehran’s notorious Evin prison.