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President El-Sisi meets WTTC leaders ahead of Suez Canal Leadership event
via Egypt Today2 min read
President Abdel Fattah El-Sisi met with World Travel & Tourism Council WTTC leaders as Egypt prepares to host the council鈥檚 Leadership event on a Suez Canal cruise. WTTC Chairman Manfredi Lefebvre stated the event will gather 270 senior executives from global travel and tourism companies. He noted the cruise will pass through the Suez Canal and various Egyptian cities, sending a strong message of confidence in Egypt鈥檚 tourism potential, stable environment, and efforts to develop the sector. President El-Sisi welcomed Egypt鈥檚 selection to host, affirming readiness for future WTTC events. The meeting included WTTC President and CEO Gloria Guevara, Egypt鈥檚 Minister of Tourism and Antiquities Sherif Fathy, and US Special Presidential Envoy for American Tourism Nick Adams. The WTTC Leadership event, from May 6 to 9 aboard the Crystal Serenity, is hosted by the Egyptian government and sponsored by the Antonio Lefebvre Foundation, Coral Travel Group, and Abercrombie & Kent. It will convene ministers and industry leaders to discuss accelerating tourism recovery, highlighting confidence in the Middle East and reinforcing tourism鈥檚 role in stability and economic growth. The agenda will also focus on Egypt鈥檚 long-term tourism strategy. President El-Sisi called for stronger cooperation with WTTC to support tourism growth and sustainability, aiming for 30 million tourists annually, and emphasized the importance of stability and security. US envoy Nick Adams conveyed greetings from US Pres
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Egypt has strongly condemned the terrorist attack at Niamey International Airport in Niger, which resulted in deaths and injuries. The Egyptian Foreign Ministry expressed full solidarity with Niger's government and people against terrorism and all forms of violence and extremism. Egypt offered condolences to the victims' families and wished a speedy recovery to the injured, reaffirming its commitment to supporting Sahel countries in combating terrorism and enhancing regional security. The attack, which occurred on Friday, killed 35 people, including two assailants, 11 soldiers, and two civilians, with the al-Qaeda affiliate Jama'at Nusrat al-Islam wal-Muslimin JNIM claiming responsibility.
Prime Minister Mostafa Madbouly witnessed the signing of a strategic agreement between Midar for Investment and Urban Development and Majid Al Futtaim Holding. This partnership aims to develop a major integrated urban destination in Mada City, New Cairo, with an initial development value exceeding $3.1 billion. The project, covering approximately 553 feddans, will create a mixed-use destination including around 6,000 residential units, business and service facilities, commercial spaces, leisure destinations, and hospitality units. The first phase will develop about 200 feddans over four years, with a second phase developing an additional 300 feddans. Approximately 60 feddans are allocated for retail, leisure, and entertainment. The overall project value is expected to exceed $4 billion upon completion. Ayman El Qousi, Managing Director and CEO of Midar, stated that the project will operate under a revenue-sharing model, with anticipated future returns to Midar exceeding LE 40 billion. Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, highlighted the partnership as a key step in the company's growth strategy in Egypt, building on its 27-year presence and approximately $2.8 billion investment in the Egyptian market.
Must ReadEgypt has called for further development of the recently signed US-Iran memorandum of understanding and for advancing negotiations towards a final agreement. This comes as American and Iranian negotiators commenced direct talks in Switzerland on Sunday. Egyptian Foreign Minister Badr Abdelatty discussed the US-Iran negotiation track with his Turkish and Pakistani counterparts during quadrilateral talks in Cairo, which also included Saudi Arabia. Abdelatty emphasized the importance of building on the progress made since the MoU's signing to reduce regional tensions and support Middle East security and stability. He also commended Pakistan's role in securing the MoU, describing it as a crucial step towards de-escalation and a sustainable settlement. Pakistani Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar acknowledged Egypt's support in the negotiation process. The US and Iranian negotiators are meeting to finalize details of their interim MoU, signed last week after nearly four months of conflict. This initial accord commits both sides to negotiating a final agreement within 60 days, including a ceasefire across all fronts, such as Lebanon, and the reopening of the Strait of Hormuz. The talks are occurring amidst questions regarding the agreement's implementation, following Iran's announcement of closing the Strait of Hormuz, a claim challenged by the US. The US delegation is led by Vice President JD Vance, while Iran is represented by Parliament Speaker Mohamma