Egypt Independent: Egypt-Main news en FM meets US House Committee chairman in DC <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p>Egypt&#39;s Foreign Minister Sameh Shoukry met during his visit to Washington with Chairman of the US&nbsp;House Committee on Armed Services&nbsp;Mac Thornberry and Egypt&#39;s military attache to the United States.</p><p>The meeting focused on the US military aid to Egypt, and Egypt&#39;s current economic, social and political developments.</p><p>The spokesman for the Foreign Ministry Ahmed Abu Zeid said in a press release, Tuesday, that Shoukry stressed, during the meeting, the fact that the military aid program to Egypt requires a review, three decades after it was first started.</p><p>Shoukry stated Egypt&#39;s need for further aid in order to continue counter-terrorism efforts, as well as to promote stability and peace in the Middle East, where crises are deepening.</p><p>Shoukry displayed Egypt&#39;s economic reform program, and the agreement which was signed recently between the Egyptian government and the International Monetary Fund, stressing that the steps taken by the Egyptian government -- including subsidy cuts and the floatation of the pound -- show that the government&#39;s resolve to face the economic challenges boldly unlike previous governments that have been timid to take similar reformatory step to address &nbsp;imbalances&nbsp;in many sectors of the Egyptian economy, Abu Zeid mentioned.</p><p>Thornberry expressed confidence that the new US administration will give fresh impetus to Egyptian-American relations, and that the United States is ready to listen to its partners in Egypt on how to develop and strengthen US-Egyptian relations.</p><p>The United States will remain supportive of Egypt, as Egypt&#39;s stability and its success serve the American interests in the Middle East, Thornberry added.</p><p>The three officials tackled as well the situations in Libya, Syria, Iraq, and Yemen.</p><p>&nbsp;</p><p><em>Edited translation from Al-Masry Al-Youm</em></p> Tue, 06 Dec 2016 16:03:00 +0000 MENA 2474705 at sites/default/files/photo/2015/08/02/499612/egypts_foreign_minister_sameh_shukri_with_u.s._secretary_of_state_john_kerry.jpg Egypt asks UN envoy to Yemen to mediate for release of detained Egyptians <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p><span style="font-size: 1em;">Egypt&#39;s Ambassador to Yemen, Youssef al-Sharqawy, called on the UN envoy to Yemen Ismail Ould Cheikh Ahmed to intervene for the release of Egyptian fishermen detained in Sanaa.</span></p><div><p>The Houthis have detained 49 Egyptian fishermen in the province of Hodeidah in Yemen, among others, to check their residence permits, according to an earlier statement by the Egyptian ambassador.</p><p>Sharqawy added in a statement to Aswat Masriya, on Tuesday, he met with Ahmed in the Saudi capital Riyadh and asked him to intervene quickly and talk with the Houthi rebels for the release of the 49 Egyptians.</p><p>Sharqawy added that he will contact the Red Cross officials in order to speed up the release of the Egyptians who have been detained for several days. He noted that he did not contact Houthi rebels directly due to the sensitivity of the matter, and rather contacted the legitimate government of Yemen and intermediaries.</p><p>For the last 18 months, Yemen has been experiencing a civil war between Houthi rebels and supporters of President Abd-Rabbu Mansour Hadi. Saudi Arabia has been leading an Arab alliance fighting the rebels since March 2015.</p></div><div>&nbsp;</div> Tue, 06 Dec 2016 13:15:00 +0000 Aswat Masriya 2474704 at sites/default/files/photo/2015/04/15/16030/fisher.jpg China signs 3-yr 18 bln yuan bilateral currency swap with Egypt cenbank <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>China&#39;s central bank has signed an 18 billion yuan ($2.62 billion) three-year bilateral currency swap with Egypt&#39;s central bank, the People&#39;s Bank of China (PBOC) said on Tuesday.</div><div>&nbsp;</div><div>The move is aimed at promoting bilateral trade and investment and maintaining financial stability in both countries, the PBOC said in a statement on its website.</div> Tue, 06 Dec 2016 07:47:00 +0000 Reuters 2474680 at sites/default/files/photo/2015/08/11/484151/china_devaluation.jpg Russia's Rosneft board to discuss buying stake in Shorouk concession in Egypt <img src="" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>The board of Russia&#39;s Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore Egypt, the company said on Monday.</div><div>&nbsp;</div><div>The board plans to discuss the potential deal on Dec. 7. Rosneft did not provide an estimated value of the deal. Last month, Eni agreed to sell a 10 percent stake in the Shorouk concession to BP.</div><div>&nbsp;</div><div>The concession includes the supergiant Zohr gas field, which was discovered by Eni in August 2015 and is the largest natural gas field ever found in the Mediterranean, with a total potential of 850 billion cubic meters of gas in place.&nbsp;</div> Tue, 06 Dec 2016 07:42:00 +0000 Reuters 2474679 at sites/default/files/photo/2013/09/08/92/gas.jpg