24 Hrs
Source:
اليوم السابع
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Global updates on Egypt Saudi talks and regional conflicts
The article discussed President Abdel Fattah El Sisi's visit to Saudi Crown Prince Mohammed bin Salman in Egypt. It covered a bilateral meeting and a broader session aimed at strengthening bilateral relations across various fields, as well as discussing regional and international developments of mutual interest. The report also highlighted that Saudi Arabia ranked at the top among BRICS countries in remittances from Egyptians, amounting to $12 billion during the fiscal year 2024/2025, with total transfers reaching $15.7 billion — a 59.5% increase compared to the previous year. Regarding energy issues, then-US President Donald Trump confirmed that the rise in global energy prices was due to the Russia-Ukraine war and not Iran. Meanwhile, oil shipments through the Strait of Hormuz have increased to about 18 million barrels per day. The European Commission condemned the Houthi attacks on Saudi Arabia, emphasizing the need for regional stability and the protection of freedom of navigation through the Strait of Hormuz.
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