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Al-Sisi bestows Order of the Nile, Egypt’s highest honor, to visiting India PM Modi


Indian Prime Minister Narendra Modi met Egypt’s President Abdel Fattah al-Sisi in Cairo on Sunday on a rare visit during which both sides pledged to deepen their strategic partnership.

They agreed to boost investment by India, the world’s most populous nation, in Egypt, which has the Arab world’s largest
population, of 105 million, and which is now in the grips of an economic downturn.

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Modi, in power since 2014, was on his first visit to the north African country and US ally following a four-day trip to the United States where he met President Joe Biden.

Modi and Sisi “signed a joint declaration to elevate relations to a strategic partnership,” which they had first announced in January when Sisi visited New Delhi, a spokesman for the Egyptian leader said.

Al-Sisi and Modi, who came to power in their countries in 2014, have in recent years cultivated a closer relationship. Over the last 16 months, they have resisted pressure from the West to condemn the Russian war in Ukraine. Both Egypt and India have decades-old ties with the Kremlin.

“There is a change in the global geopolitical and geoeconomic atmosphere wherein both countries wish to play a defining role,” India’s Defense Minister Rajnath Singh said during a visit to Cairo in September. “Egypt’s geostrategic location acts as a connecting link between Africa, West Asia, the Mediterranean, and Europe and is also an important country from the Indo-Pacific point of view.”
India and Egypt have pledged to boost bilateral trade by billions of dollars as India is also stepping up investment in Egypt, particularly in renewable energy.

Egypt has suffered a drawn-out economic crisis in which the currency has lost half its value in a year.

The government has in recent months moved to diversify foreign investors, which also include Gulf powers and China.

Sisi bestowed Cairo’s highest honor, the Order of the Nile, on Modi and the two leaders affirmed their “mutual commitment” to strengthen relations.

This would include “increasing high-level visits,” facilitating direct flights between the capitals, and “developing Indian investments in Egypt,” according to the presidency in Cairo.

Al-Sisi welcomed Modi at the presidential palace in Cairo with the Order of the Nile, the Egyptian presidency said in a statement. The leaders signed a declaration elevating Egyptian-Indo ties to a “strategic partnership,” which means the two nations agreed to intensify their cooperation and hold periodic talks, the statement said.

Egypt and India share deep ties that date back to the 1950s, when they played key roles in founding the Non-Aligned Movement, which sought an alternative path at the height of the Cold War.

Following his talks with al-Sisi, Modi visited a historic mosque, Cairo’s Al-Hakim, which was recently renovated with the help of the India-based Dawoodi Bohra community. He also paid tribute to Indian soldiers who died in World War I and are buried in the Heliopolis War Cemetery in Cairo.

“My visit to Egypt was a historic one. It will add renewed vigor to India-Egypt relations and will benefit the people of our nations,” Modi wrote on Twitter before departing to New Delhi.
India is already Egypt’s seventh-largest trading partner, according to data from Cairo’s central bank, with trade reaching $7 billion last year.

The two leaders agreed in January to increase Indian investments in Egypt, which currently stand at over $3.15 billion, including through a potential “dedicated land area for Indian industries in the Suez Canal Economic Zone.”

Those projects include a $12 billion green hydrogen plant to be built by Indian firm ACME.

In 2022, as Russia’s Ukraine invasion drove up global grain pric-es, India banned wheat exports to protect its reserves and rein in inflation, but granted an exception to Egypt, the world’s biggest wheat importer.
Modi also invited the Egyptian leader to attend a summit of the Group of 20 leading rich and developing countries, which India will host in September.

Read more:

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Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

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At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

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US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM

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