Post by : Omar Nasser
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.
Vogue India Celebrates Women’s Cricket Champions with Stylish New Cover
Vogue India highlights Harmanpreet Kaur, Shafali Verma, Deepti Sharma and Pratika Rawal in a bold ne
New TB Drug Offers Hope for Faster and Safer Treatment Worldwide
A new TB drug, sorfequiline, shows strong early trial results, offering hope for faster, simpler, an
World Toilet Day 2025: WHO Warns That Lack of Toilets Is Still a Global Health Crisis
On World Toilet Day 2025, WHO warns that 3.4 billion people still lack safe toilets, leading to prev
Fortis Doctor Says Eating Three Eggs a Day Helped Him Lose 38 Kg in Three Years
A Fortis gastroenterologist says eating three eggs daily helped him lose 38 kg in three years and im
Study Shows Early-Life Sugar Exposure May Affect Heart Health Decades Later
New research shows that sugar exposure during the first 1,000 days of life may influence the risk of
Whitney Leavitt Opens Up About Her Weight Loss Journey While Battling Hypothyroidism
Whitney Leavitt shares her weight loss journey, struggles with hypothyroidism, and how she used medi
Zeenat Aman at 74 Shares Her Secrets for a Youthful Mind, Flexible Body, and Healthy Grey Hair
Zeenat Aman turns 74 and shares simple lifestyle habits for youthful ageing, strong health, and beau
Devon Conway Stars as New Zealand Beat West Indies in Napier
Devon Conway and Rachin Ravindra guide New Zealand to a five-wicket win over West Indies in Napier,
NFL Suspends Bengals Star Chase After Spitting on Opponent
Cincinnati Bengals receiver Ja’Marr Chase gets one-game suspension for spitting on Steelers’ Jalen R
England Announce 12-Man Squad for First Ashes Test in Perth
England announces 12-man squad for first Ashes Test in Perth, including Shoaib Bashir and four fast
Roger Federer Joins Tennis Hall of Fame in First Year
Tennis legend Roger Federer elected to Hall of Fame, honoured for his stellar career and influence,
Steve McClaren Resigns as Jamaica Coach After World Cup Draw
Steve McClaren resigns as Jamaica coach after goalless draw with Curacao, leaving Jamaica to fight i
Daryl Mitchell Becomes No.1 ODI Batter, ICC Rankings Updated
Daryl Mitchell becomes No.1 ODI batter, while players from New Zealand, India, Pakistan, and South A
Bangladesh Women’s Tour of India Postponed Indefinitely
Bangladesh women's cricket tour of India in December has been postponed indefinitely due to politica
Bangladesh Appoints Vice-Captains Ahead of Ireland Series
Bangladesh Cricket Board names Mehidy Hasan, Najmul Shanto, and Saif Hassan as vice-captains in Test