UAE, Egypt, Israel leaders hosts tri-summit, discusses energy, market stability, food security

Abu Dhabi, UAE: A three-way summit has been conducted by the leaders of the United Arab Emirates, Egypt and Israel following the ongoing Russian invasion of Ukraine and Iran’s nuclear deal on Tuesday, March 22, 2022. Besides this, the dignitaries held discussions on energy, market stability, and the food security sectors. 

The summit talks were hosted by the President of Egypt – Abdel Fattah el-Sisi, yesterday at the Red Sea resort of Sharm el-Sheikh with Israeli Prime Minister Naftali Bennett and the UAE’s de facto ruler, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan.  

Israeli Prime Minister’s office statement cites, “The leaders discussed the ties between the three countries in the context of recent developments in the world and the region, and the ways to strengthen them on all levels.”

“Today, I met my brother President Abdel Fattah El-Sisi in Sharm El-Sheikh. We discussed our deep-rooted brotherly relations and the most important regional and international developments. We are keen to continue coordination and consultation in light of the new global challenges and to work together to achieve the interests of our two countries and the region”, the tweet of Sheikh Mohammed underscores. 

The tweet thread further cites, “We also discussed ways to further boost our deep ties and areas of continued cooperation to benefit our two nations. Our talks also covered the latest international developments”. 

Meanwhile, the summit held a great significance for Egypt, as amid the current scenario between Russia-Ukraine, the country counters challenges in food security and energy, as the commodity prices in Egypt witnessed a hike of commodity prices.  

The substantial wheat import needs of Egypt are also facing a soaring price amid the war between Russia and Ukraine, as both countries are the primary supplier of wheat to Egypt.