Sisi Emphasizes Commitment to Strengthening Cooperation with BRICS Nations

Sisi Emphasizes Commitment to Strengthening Cooperation with BRICS Nations

Post by : Omar Nasser

Oct. 25, 2024 12:50 p.m. 824

Photo : Egypt Media Office

Egyptian President Abdel Fattah El-Sisi emphasized the nation's commitment to the principles and objectives of the BRICS bloc during the second session of the BRICS summit. He articulated Egypt's dedication to fostering cooperation among member countries to enhance their roles in establishing security and stability, boosting global economic growth, and achieving the Sustainable Development Goals (SDGs).

El-Sisi pointed out that the expansion of BRICS membership at the start of the year demonstrates the bloc's commitment to increasing multilateral cooperation and advocating for the interests of developing nations in various international and regional forums. He highlighted Egypt's support for enhanced consultation and coordination among BRICS nations, particularly in addressing shared international challenges such as climate change, access to concessional financing, food security, rising poverty levels, hunger, and the widening digital and knowledge gap.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel 

In his address, El-Sisi stressed the need to advance cooperation frameworks for financial settlements in local currencies. He advocated for leveraging the comparative advantages of BRICS countries to initiate joint economic, investment, and development projects, especially in agriculture, industry, digital transformation, and renewable energy. He also expressed support for the crucial roles played by the BRICS Business Council and the BRICS Women’s Business Alliance in promoting cooperation between the private sector and business leaders across member states, as these groups are essential partners in achieving sustainable development.

Furthermore, El-Sisi underscored that the shortcomings of the current international system extend beyond political and security concerns to include economic and developmental challenges. He pointed out that developing nations are grappling with escalating debt issues and a lack of necessary funding to meet the SDGs, alongside high financing and borrowing costs. Consequently, he stressed the importance of taking actionable steps to ensure the international community fulfills its responsibility to provide soft financing for development in these countries. He called for the establishment of innovative and effective financing mechanisms and comprehensive strategies to manage the sustainable debt of developing nations.

Egypt maintains a strong belief in the necessity of bolstering the multilateral international system, with the United Nations and its agencies at the forefront. El-Sisi affirmed that this approach is vital for preserving the gains of peace, stability, and development, and serves as a robust guarantee for maintaining international peace and security.

Josh Naylor Returns to Seattle Mariners on Five-Year Deal

Josh Naylor returns to Seattle Mariners on a five-year, $92.5M contract, giving the team a strong li

Nov. 18, 2025 1:29 p.m. 204

Heavy Rain Prompts School Holidays in Puducherry, Tamil Nadu Alerts

Schools and colleges closed in Puducherry and Tamil Nadu as heavy rainfall triggers yellow alerts. A

Nov. 18, 2025 1:27 p.m. 114

Ryan Braun, Rick Porcello Highlight 2026 Hall of Fame Ballot

The 2026 Baseball Hall of Fame ballot features first-time candidates Braun and Porcello, plus 10 oth

Nov. 18, 2025 1:27 p.m. 219

AI Investment Drives Bank of America’s Revenue Surge

Bank of America deploys AI across its operations, enabling bankers to manage more clients, speeding

Nov. 18, 2025 1:26 p.m. 120

Nishaanchi 2 Review Kashyap’s Gritty Tale of Brothers and Revenge

Anurag Kashyap’s Nishaanchi 2 deepens the emotional conflict between two brothers with gripping dram

Nov. 18, 2025 1:26 p.m. 213

Magnitude 3.3 Earthquake Strikes San Ramon, Minor Shaking Reported

A 3.3-magnitude earthquake hit San Ramon late Monday night, felt in surrounding areas. No damage rep

Nov. 18, 2025 1:21 p.m. 111

Marchenko Leads Blue Jackets to 4-3 Shootout Win Over Canadiens

Marchenko scores in shootout as Columbus Blue Jackets beat Montreal 4-3, with Greaves’ strong goalte

Nov. 18, 2025 1:20 p.m. 220

Carolina Earn Strong 3-1 Win Over Bruins With Big Second Period

Carolina beats Boston 3-1 with key second-period goals from Staal and Jankowski, strong defense and

Nov. 18, 2025 1:17 p.m. 223

Alia Bhatt’s Intense Leg Day Video Shows Her Strong Fitness Routine

Alia Bhatt trains hard in a new workout video shared by her coach, showing squats, cardio, and stren

Nov. 18, 2025 1:15 p.m. 17
Sponsored
https://markaziasolutions.com/
Trending News

Josh Naylor Returns to Seattle Mariners on Five-Year Deal

Josh Naylor returns to Seattle Mariners on a five-year, $92.5M contract, giving the team a strong li

Nov. 18, 2025 1:29 p.m. 204

Ryan Braun, Rick Porcello Highlight 2026 Hall of Fame Ballot

The 2026 Baseball Hall of Fame ballot features first-time candidates Braun and Porcello, plus 10 oth

Nov. 18, 2025 1:27 p.m. 219

Sabres Defeat Oilers 5-1 with Ostlund Leading Impressive Victory

Buffalo beats Edmonton 5-1 as Noah Ostlund scores twice and the Sabres defense limits the Oilers’ st

Nov. 18, 2025 1:13 p.m. 222

Lakers Ready for LeBron’s Return in Home Game Against Jazz

LeBron James is close to making his season debut as the Lakers prepare to face the Utah Jazz, giving

Nov. 18, 2025 1:06 p.m. 231

Trump Announces Faster US Visa Process for 2026 World Cup Fans

US creates a priority visa system for 2026 World Cup ticket holders to cut wait times, support smoot

Nov. 18, 2025 1 p.m. 225

Gonzaga Dominate Southern Utah with Record Victory at Home

Gonzaga beat Southern Utah 122-50 in a record home win as Braden Huff scored 22 points, leading a st

Nov. 18, 2025 12:54 p.m. 228

Okpara Leads Tennessee to Strong 91-66 Home Win Over Rice Team

Tennessee powered past Rice 91-66 as Felix Okpara scored a career-high 20 points, with strong suppor

Nov. 18, 2025 12:46 p.m. 233

De De Pyaar De 2 races past 50 crore worldwide in 3 days

Ajay Devgn’s De De Pyaar De 2 crosses 58.60 crore worldwide in 3 days, beating Son Of Sardaar 2’s li

Nov. 18, 2025 12:39 p.m. 238