UAE Says Sisi Represents ‘New Hope’ for Egypt

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A UAE minister said the election of former army chief Abdel Fattah al-Sisi as Egypt’s president represented “new hope” for the most populous Arab country.

The wealthy UAE is one of the main supporters of the government in Egypt and has showered it with aid since its military ousted elected Islamist president Mohammed Morsi last year.

“We all need to support Egypt as a nation and its people … Egypt and its people are dear to us,” said Minister of State for Foreign Affairs Anwar Gargash Gargash on Twitter.

Sisi won a landslide victory in a presidential election on Thursday. His country is suffering from corruption, high unemployment and a widening budget deficit.

“The challenges are great and the expectations are huge, but the moment that we see today is the most hope-filled for three years,” said Gargash.

Source:Reuters

The investments’ size of beverages dairy and milk sector in Egypt estimated at EGP8million by 420 companies, Mohamed Shoukry, deputy chairman of the Chamber of Food Industries and member of the Food Export Council revealed.

The sector produces around 230 million liter beverages and billion liter water in addition to million liter milk, stressing that drinks and juices industries are from the developed industries, Shoukry added.

Egypt has possibilities inside this industry and it owns large manufactured capacities and high quality products, along with it occupies a unique place in various markets, and the Arab world,  Shoukry explained.

This comes during the press conference which organized by Arab Beverages Conference and Exhibition (ABA) a subsidiary of Arab League today in cooperation with Chamber of Food Industries, food export council and Federation of Chambers of Commerce in order to announce for the final arrangements.

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