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Wary of Biden s policies, Turkey nudges closer to Egypt |

Wary of Biden’s policies, Turkey nudges closer to Egypt Today, the country however seems more inclined towards reducing its hostile and escalatory policies as it waits to see how relations are going to develop with the new US administration. Thursday 04/03/2021 Turkish Foreign Affairs minister Mevlut Cavusoglu speaks during a joint press conference with his Georgian counterpart in Ankara on March 3, 2021. (AFP) ANKARA Turkey is willing to negotiate with Egypt and sign a deal over maritime boundaries in the Eastern Mediterranean, the Turkish foreign minister said on Wednesday. The statement indicates a Turkish desire to ease tensions with Cairo, but does not mean that Ankara is ready to review its policies and abandon its ambitious projects in the region.

Political and General News Events from March 4

Political and General News Events from March 4
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Sisi s debt fuelled policies could drive Egypt off a cliff

Published date: 4 March 2021 08:49 UTC | Last update: 1 month 1 week ago With a weak private sector, a regressive taxation system and the regime s insistence on large infrastructure projects financed by debt, the seeds of a financial collapse have been sown Egyptian President Abdel Fattah al-Sisi delivers a speech on 13 January, 2021 (AFP) In March 2015, Egyptian President Abdel Fattah el-Sisi told an international investment conference that Egypt needed $200-300bn to “develop”. At the time, it seemed to be extreme hyperbole, considering that the size of the Egyptian economy in 2015 was $332bn. Fast forward to November 2019, when Sisi boasted that the state had invested $200bn in projects over the past five years - a remarkable feat. But he neglected to mention that the regime followed a policy of debt-driven growth and heavy investment in mega-infrastructure projects with dubious economic benefits, laying the foundations for a pro

Political and General News Events from March 3

- This diary is filed daily. Indicates new events - WEDNESDAY, MAR. 03 LONDON – OPEC + key ministers meet amid oil price recovery (to Mar.4). ISTANBUL – Turkish Foreign Minister Mevlut Cavusoglu will meet with his Georgian counterpart David Zalkaliani and hold a joint news conference – 1030 GMT. OTTAWA – Canadian Prime Minister Justin Trudeau, Finance Minister Chrystia Freeland and Innovation Minister Francois-Philippe Champagne speak to reporters about the COVID-19 pandemic – 1630 GMT. BELGRADE – EU envoy Miroslav Lajcak visits Serbia, meets top officials including President Aleksandar Vucic – 1700 GMT. KYIV/CHIȘINAU/TBILISI – President of the European Council Charles Michel will travel to Ukraine, Moldova and Georgia (Final Day) BERLIN – 71st Berlin International Film Festival (to Mar. 5). NUR-SULTAN – President of Kyrgyzstan Sadyr Japarov will make an official visit to Kazakhstan. (Final Day). LISBON

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