El-Sisi emphasizes comprehensive settlement for Middle East crises at G7 meeting
via Egypt Today5 min read
President Abdel Fattah El-Sisi participated in a G7 session in Evian, France, titled "Exiting Crises and Ensuring Stability in the Middle East." He presented Egypt's vision for regional issues, advocating for comprehensive settlements to geopolitical crises to ensure peace and stability. El-Sisi stressed the necessity of a just and lasting two-state solution for the Palestinian issue, with East Jerusalem as the capital of an independent Palestinian state along the June 4, 1967 borders. He also highlighted the need to expedite the implementation of US President Donald Trump鈥檚 peace plan for the Gaza Strip and appreciated President Trump's efforts in ending the war in Gaza and the conflict with Iran. El-Sisi affirmed Egypt's commitment to working with partners for sustainable regional solutions and condemned attacks on Gulf Arab states, emphasizing their security as integral to Egypt's national security. He noted the expansion of the "yellow line" in Gaza, leaving only 30% for Palestinians, and called for an immediate halt to this and the prevention of West Bank annexation. The President also emphasized responsible approaches, respect for sovereignty, rejection of aggression, adherence to international law, and the importance of a Middle East free of nuclear weapons. He stressed guaranteeing freedom of navigation in international waterways. Several leaders criticized the Israeli Prime Minister's policies and called for Israel to cease attacks on Lebanon and withdraw from its te
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This summary was AI-generated from a story originally published by Egypt Today.
Egyptian President Abdel Fattah El-Sisi met with Ant贸nio Costa, President of the European Council, in Evian, France, during the G7 Summit. President Sisi expressed appreciation for the growing Egyptian-European relations, which were elevated to a comprehensive strategic partnership in October 2025. He emphasized strengthening economic, trade, and investment ties, and enhancing political coordination for regional peace and stability. The European Council President commended the strategic partnership and affirmed commitment to further strengthening relations. The discussion also covered regional developments, with President Sisi welcoming the agreement between the United States and Iran, hoping it would de-escalate regional tensions. He stressed adherence to US President Donald Trump's peace plan for Gaza, maintaining the ceasefire, facilitating humanitarian aid, and expediting recovery and reconstruction. The European Council President highlighted the importance of coordination between Egypt and the EU for regional and international peace, praising Egypt's role in stability and its efforts in supporting the US-Iran negotiating track. He also lauded cooperation in combating terrorism and illegal immigration.
Egyptian President Abdel Fattah El Sisi expressed appreciation for the growing trajectory of Egyptian-European relations, particularly after their upgrade to a comprehensive strategic partnership and the first Egypt-European Summit in October 2025. He emphasized strengthening these relations across economic, trade, and investment sectors, and enhancing political consultations for regional peace and stability. During a meeting with Ant贸nio Costa, President of the European Council, at the G7 Summit in Evian, France, President Costa praised the strategic partnership between Egypt and the European Union, affirming the EU's commitment to further strengthening it. The discussion also covered recent regional developments, with President Sisi welcoming the US-Iran agreement and expressing hope for reduced escalation. President Sisi reiterated Egypt's commitment to cooperating with Europe for comprehensive solutions to regional crises, highlighting the importance of implementing US President Donald Trump's peace plan for Gaza, maintaining calm, ensuring humanitarian aid delivery, and accelerating recovery efforts. The European Council President emphasized close coordination between Egypt and the EU for regional and international peace, commending Egypt's role in promoting stability and its efforts in supporting the US-Iran negotiation process. He also praised cooperation in combating terrorism and illegal migration.
Egypt's net foreign assets increased to approximately $15.22 billion by the end of May 2026, up from about $15.16 billion at the end of April, according to data from the Central Bank of Egypt. Reserve money also rose to EGP 2.57 trillion by the end of May, compared to EGP 2.43 trillion in the previous period. This growth reflects improved liquidity and reserves within the banking sector, driven by stronger foreign currency inflows into the Egyptian market. These inflows have supported the net foreign assets surplus, enhanced exchange rate stability, and improved the banking sector鈥檚 capacity to fulfill the economy's foreign currency requirements. Net foreign assets, which measure the difference between foreign assets and foreign liabilities, indicate the economy's ability to meet external obligations and maintain financial market stability. The consistent surplus in recent months highlights increasing foreign currency flows into the Egyptian economy, supported by exports, remittances from Egyptians working abroad, and foreign investments.