CAIRO: Crown Prince Mohammed bin Salman’s planned visit to Egypt was well received by members of the Egyptian parliament, who said that the visit emphasises the “strength of the relationship between the people and leaders of Saudi Arabia and Egypt.”
“We welcome the prince to Egypt, partly because one of our objectives is to discuss ways to combat terrorism,” MP Ihab Al-Tamawi said in a private statement. “Such meetings send messages of great importance to those who are trying to divide the Arab ranks and the Middle East.”
Al-Tamawi confirmed that President Abdel El-Sisi and the crown prince are keen to discuss various issues.
Maj. Gen. Kamal Amer, Chairman of the National Defense and Security Committee of the House of Representatives, said in a special statement that the visit of the crown prince will look to strengthen cooperation between the two brotherly countries in order to serve the common interests of the two countries.
He stressed the importance of consolidating and supporting security and political stability in the countries of the region as well as bringing a balance of power in the Middle East.
MP Shadia Khodair Al-Jamal, a member of the Egyptian parliament, said that the diplomatic relations between Egypt and Saudi Arabia are witnessing “great prosperity” thanks to the intellectual and strategic rapprochement between El-Sisi and the Saudi Arabian crown prince.
Khodair cited the various projects launched in Egypt in recent years by Mohammed bin Salman, with several agreements for the establishment of economic projects between the two countries, most notably the establishment of the Egyptian-Saudi investment fund, which represents a boom in economic relations between the two countries.
MP Mohammed Maher Hamed said that the crown prince’s visit to Cairo is evidence of the growing relationship between the two countries. Since his last visit in March, relations between Egypt and Saudi Arabia in various aspects have becoming stronger, especially in the economic sector.
Hamed said in a statement to Arab News that the crown prince is a strong man in the region who has an enlightened mind, and has played a vital role in the development of the Kingdom and its people, as well as for the development of the entire Arab world.
He said: “I say to him, ‘welcome to your second country.’ Egypt loves you, and loves your people.”
Egyptian parliament welcomes visit of Saudi Arabia’s Crown Prince Mohammed bin Salman
Egyptian parliament welcomes visit of Saudi Arabia’s Crown Prince Mohammed bin Salman
- Crown Prince Mohammed bin Salman’s planned visit to Egypt was well received by members of the Egyptian parliament
- President Abdel El-Sisi and the crown prince are keen to discuss various issues
Economic growth and resilience at heart of 2nd AlUla Emerging Market Economies Conference
- Event on Feb. 8 and 9 will bring together ministers, governors of central banks, policymakers, economic experts and international financial institutions
- Emerging-market economies a ‘pivotal element’ in global economic system due to effect they have on growth and stability, says Saudi Finance Minister Mohammed Al-Jadaan
RIYADH: The second annual AlUla Conference for Emerging Market Economies, which Saudi Arabia will host next week, offers a platform to exchange views on global developments and discuss policies and reforms that support inclusive growth and strengthen economic resilience, the Kingdom’s finance minister said.
The event on Feb. 8 and 9 will bring together finance ministers, governors of central banks and policymakers, alongside economic experts and representatives of international financial institutions.
Organized by the Saudi Ministry of Finance in partnership with the International Monetary Fund, it takes place as emerging-market economies face mounting challenges amid rapid global economic change.
Finance Minister Mohammed Al-Jadaan said the decision to host the conference reflects Saudi Arabia’s ongoing commitment to efforts that support global financial and economic stability, and highlights the growing influence of emerging economies on worldwide growth.
Emerging-market economies represent a “pivotal element” in the global economic system due to the direct impact they have on economic growth and stability, he added.
“The AlUla Conference for Emerging Market Economies provides a unique platform for exchanging views on global economic developments, and discussing policies and reforms that will support inclusive growth and enhance economic resilience, in light of broader international cooperation that contributes to confronting common challenges,” Al-Jadaan said.
Kristalina Georgieva, managing director of the IMF, said the event would help emerging economies deal with growing uncertainty driven by technological change, demographic shifts and geopolitical tensions.
“The AlUla conference provides a vital platform for emerging economies to discuss how they can navigate the risks and embrace the opportunities ahead,” she said.
“In these times of sweeping transformations in the global economy, policymakers face a more challenging and uncertain environment. Countries should work together to strengthen resilience through sound macroeconomic and financial policies.”
