Egypt reduces external debt by $15 billion; Islamic Development Bank funds $3 billion for global growth projects.
Egypt has made significant strides in improving its creditworthiness by reducing its external debt by $15 billion over six months, reflecting efforts to manage financial obligations amid global challenges.
Meanwhile, the Islamic Development Bank is committing over $3 billion to 20 development projects in 17 countries, targeting vital sectors like agriculture and energy to foster sustainable growth, including major allocations for water and infrastructure improvements.
Turning our attention to Saudi Arabia, the Saudi Cabinet has been focusing on crisis response in Gaza and Lebanon and strengthening international partnerships, as highlighted during their meeting chaired by Crown Prince Mohammed bin Salman.
In a related development, Israeli Prime Minister Netanyahu declared that Israel will chart its own course in responding to Iran's missile attack, emphasizing national interests amidst ongoing tensions, with the U.S. enhancing Israel's defense capabilities.
However, challenges remain as a Hezbollah drone attack has raised concerns about vulnerabilities in Israel's Iron Dome defense, underscoring the complexity of intercepting drones despite the system's high success rate against rockets.
Lastly, on the U.S. political front, Kamala Harris strongly criticized
Donald Trump's military proposal as "unhinged" at a Pennsylvania rally, underscoring their intense campaigning efforts in this key battleground state.