Egypt prepares military aid to Saudi Arabia

Egyptian Foreign Minister Sameh Shoukry confirmed that Egypt is ready to provide any support requested by Saudi Arabia, including military aid, in response to the attacks the Kingdom is facing. He praised that Saudi security is an integral part of Egyptian and Arab national security, and emphasized that Egypt fully condemns the attacks on Saudi territory and stands in solidarity with it. He also mentioned that Egypt is seriously studying the Mecca Agreement for Collective Defense, which includes Saudi Arabia, Pakistan, and Turkey, and is working to strengthen the regional security system in the Middle East through consultations with these countries. Shoukry called for a halt to escalation and aggression, stressing that political and diplomatic solutions are the only way out of the crises facing the region. This comes amid escalating tensions stemming from crises in Yemen, Syria, Lebanon, and Libya, as well as the Palestinian issue. He explained that these tensions have caused significant economic damage, including losses exceeding $20 billion in Suez Canal revenues. Additionally, rising oil prices above $105 per barrel are putting pressure on the Egyptian economy, which grew by 5.3% in the first half of the year, with inflation decreasing to 14%. Despite many external challenges, Egypt has managed to create over 1.5 million job opportunities.

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