July 2, 2021
Egypt, Iraq, and Jordan are taking new steps toward forming a strategic partnership, which Iraqi Prime Minister Mustafa al-Kadhimi described as the “New Levant” alliance, based primarily on the economic and investment dimensions, and political and security aspects. The three countries held a summit June 27 in Baghdad to move forward with the New Levant project as per the political, security, economic, cultural, educational and investment agreements and understandings.
Energy and electrical interconnection projects top the list of economic interests between the three countries, while Baghdad and Cairo support the Jordanian role in the region to fight terrorism.
Ahmed Zaki, director of the Department of the Arab Mashreq, Islamic Organizations and Gulf Cooperation in the Egyptian Commercial Service, told Al-Monitor, “The value of Iraqi investments in Egypt is about $490 million, carried out by about 3,329 Iraqi companies, with capitals exceeding $724 million. I
Ministry of Foreign Affairs of the Republic of Belarus 20 April 2021
On April 19, 2021, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Arab Republic of Egypt Sergey Terentiev met with Head of the Egyptian Commercial Service – First Deputy Minister of Trade and Industry of Egypt Ahmed Maghawry Diab.
The parties discussed current topics of the Belarusian-Egyptian agenda, including the development of trade and economic cooperation. The preparation of the next meeting of the Belarusian-Egyptian Joint Trade Commission, as well as the implementation of the modernization project of Egyptian enterprises were discussed.
During the meeting, an exchange of views on the progress of work on the Free Trade Agreement draft between the EAEU and Egypt also took place.
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