G20
Now the question is how does the Egyptian economy benefit from participating in the Rio de Janeiro summit?
Both leaders agreed on the importance of exchanging expertise in combating terrorism and extremism to bolster regional security.
The total value of remittances of Egyptians working in the G20 group to Egypt amounted to about $11.1 billion during the fiscal year 2022/2023, compared to $14.3 billion during the fiscal year 2021/2022.
The value of Egyptian imports from the G20 amounted to about $46.6 billion during the mentioned period, compared to $40.7 billion during the same period last year 2023.
The joint statement of the G20 summit called on its leaders in Rio de Janeiro, Brazil’s ancient capital, to welcome “constructive initiatives” to achieve peace in Ukraine
“Egypt reiterates the imperative need for an immediate and urgent end to this inhumane catastrophe to save civilians from the devastating living conditions they have been enduring, and to halt the escalation and expansion of conflict,” President Sisi said.
Nasr noted that InstaPay has garnered 11.5 million users since its launch two years ago, reflecting its growing adoption.
The Egyptian and Brazilian presidents launched Monday a strategic partnership between the two countries during the former's visit to Rio De Janeiro to attend the G20 Summit.
Spokesman for the Presidency, Ambassador Ahmed Fahmy, stated that President El-Sisi is attending the summit upon an invitation by Brazilian President Luiz Inácio Lula da Silva.
Minister of Foreign Affairs, Immigration and Egyptian Expats Badr Abdelatty made Wednesday a phone call to his Brazilian counterpart Mauro Vieira.
Egyptian Minister of Planning, Economic Development and International Cooperation Dr. Rania Al-Mashat, participated in the event to launch the Global Alliance to Fight Hunger and Poverty in Brazil.
Foreign Minister Sameh Shoukry asserted the importance of reforming the international governance to address geopolitics crises and priorities of sustainable development.
The meeting tackled the situation in Gaza Strip and related tensions in the Middle East.
Egypt’s Foreign Minister Sameh Shoukry lauded on Wednesday the positive results of Turkish President Recep Tayyip Erdogan's visit to Egypt, the first in more than one decade, hoping bilateral relations will be enhanced within the coming period to better serve the two countries' interests.
Egypt’s Foreign Minister Sameh Shoukry praised on Wednesday distinguished cooperation and coordination between Egypt and Russia at various international forums, and the mutual support of the two countries' international nominations for international positions.
Egyptian Foreign Minister Sameh Shoukry on Tuesday left for the Brazilian city of Rio de Janeiro to participate in the G20 Foreign Ministers' Meeting, set for Wednesday and Thursday.
The invitation is the fourth of its kind in the G20 history and the second in a row.
President Abdel Fattah El Sisi held on Saturday a number of side meetings with European Commission President Ursula von der Leyen, Chinese Prime Minister Li Qiang and Brazilian President Lula da Silva on the sidelines of the 2023 G20 New Delhi summit, said Presidential Spokesman Ahmed Fahmy.
Egyptian President Abdel Fattah El Sisi met on Saturday with President of the European Council Charles Michel on the sidelines of the 2023 G20 New Delhi summit.
Presidency Spokesperson Ahmed Fahmy, said that President Abdel Fattah El-Sisi will speak at the G20 summit not only as President of Egypt, but also representing Africa and developing countries in light of Egypt's presidency of new partnership for Africa’s development (NEPAD) and the climate conference (COP 27).
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