Egypt's Foreign Minister Dr. Badr Abd al-Atti emphasized the depth of the brotherly and historical relations between Egypt and Kuwait. He expressed the mutual desire to continue promoting bilateral cooperation in various fields, particularly economic, commercial, and investment areas. This was during a meeting with Kuwait's Finance Minister Yaqoub Al-Sayed Yousif Al-Sayed Hashim Al-Refai, in the presence of Egypt's Planning and Economic Development Minister Dr. Ahmed Rustam.
The meeting took place on the sidelines of the Fall Meetings of the World Bank and the International Monetary Fund. Both ministers highlighted the importance of enhancing coordination and consultation between the two countries within the World Bank. They focused on development financing, financial reform, and regional priorities. The ministers also stressed the need for increased Arab coordination within international financial institutions.
Dr. Abd al-Atti welcomed increased Kuwaiti investments in Egypt, emphasizing the importance of identifying promising sectors and projects. These would provide practical opportunities for Kuwait's private sector to participate in Egypt's development projects. He also expressed appreciation for the Kuwaiti Fund for Arab Economic Development's role in supporting developmental projects.
Egypt's Planning and Economic Development Minister Dr. Ahmed Rustam stated that his country is keen to continue developing economic relations with Kuwait. He looked forward to enhancing cooperation in development planning and exchanging expertise. This would support development planning based on priorities and achieve the best economic and social returns for government projects.
Dr. Rustam referred to the package of economic and structural reforms implemented by the Egyptian government. These reforms have contributed to enhancing financial and monetary stability and improving the investment climate. The meeting between the Egyptian and Kuwaiti ministers demonstrates the commitment to strengthening bilateral ties.
The Egyptian Foreign Ministry has also been involved in repatriating Egyptian sailors stranded in Ukraine. The ministry successfully secured the exit of 15 Egyptian sailors to Moldova, facilitating their return to Egypt. This effort showcases the ministry's capabilities in protecting Egyptian citizens abroad.
On the same day, Egypt's Meteorological Authority reported a mild heatwave with a high temperature of 30 degrees Celsius in Cairo. The weather is expected to be hot during the day and moderate at night. These developments were reported by the Egyptian Radio and Television Union and the Middle East News Agency.
Key points
- Egypt and Kuwait are strengthening their bilateral relations, focusing on economic, commercial, and investment cooperation.
- The two countries are enhancing coordination within international financial institutions, such as the World Bank.
- Egypt welcomes increased Kuwaiti investments, particularly in promising sectors and projects.
