US Secretary of State Antony Blinken offered a mixed take on Washington’s relations with Egypt during talks in Cairo on Monday, emphasising the strategic ties binding the two nations but also calling on Cairo to do more on human rights.
State Department spokesman Ned Price said Mr Blinken and Egyptian President Abdel Fattah El Sisi had “reaffirmed their strong commitment to the US-Egypt strategic partnership and co-operation on a range of regional and international challenges”.
He added: “The Secretary commended President El Sisi for Egypt’s important role in promoting stability in the region.”
During a joint news conference with Sameh Shoukry, his Egyptian counterpart, Mr Blinken said the US intended to contribute $600 million to the construction of an underwater telecom cable that would serve Egypt and the Horn of Africa region.
Another $50 million will be given to Egypt to support agriculture in the most populous Arab nation. The countries have also decided to form a joint economic committee to promote co-operation between the two allies.
Egypt has received billions of dollars' worth of US economic and military aid over the past 40-plus years, chiefly as a reward for Cairo’s 1979 peace treaty with Israel, Washington’s historically close ally in the region.
Annual US military aid to Egypt currently runs at $1.3 billion.
The two nations also closely co-ordinate counterterrorism efforts and regularly hold joint war games. US warships receive priority in transit through the Suez Canal and Egyptian airspace is routinely accessed by US military aircraft.
Mr Price said Mr Blinken also affirmed Washington’s “solidarity” with Egypt as it grapples with the devastating fallout on its economy from the Russia-Ukraine conflict. He also expressed US support for Egypt’s economic reforms.
“The Secretary and the President discussed efforts to enhance co-operation on economic prosperity for the benefit of the Egyptian and American people. The Secretary also emphasised that the bilateral relationship is strengthened by progress on human rights,” said Mr Price.
On human rights, the senior US official said Egypt had taken “important strides” in the protection of religious freedoms, empowering women and releasing political detainees. Washington, however, will continue to encourage Cairo to do more, including freeing more political detainees and guaranteeing freedom of expression, Mr Blinken said.
At a joint news conference with Mr Shoukry, he said "the concerns that we have remain and in the spirit of candour and the spirit of the partnership we have, we expressed those very clearly".
Mr Blinken arrived in Cairo on Sunday at the start of a three-day regional tour that took him on Monday to Jerusalem. He will later visit the West Bank.
On Sunday he met a group of Egyptian rights activists in Cairo.
Egypt has in recent months released dozens of prominent political prisoners amid steps to address international criticism. However, many others are believed to be still held in pre-trial detention that in some cases lasts for two years or longer.
A national dialogue called by Mr El Sisi in April to chart the country’s political future is in its final preparation stages. A small margin of freedom has also been allowed in recent months, prompting articles by commentators and economists criticising Mr El Sisi’s economic policies.
The Egyptian leader, in office since 2014, has argued that the security situation in the country in the years that followed his ascension to power had left his government no choice but to restrict freedom.
He has repeatedly argued that restricting rights to the freedom of expression and assembly ignores what he says are the important rights to decent housing, education and health care.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
COMPANY%20PROFILE
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Company%20profile
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RESULTS
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Catchweight 75kg
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Catchweight 69kg
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Catchweight 71kg
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Lightweight title (5 rounds)
Bruno Machado (BRA) beat Mike Santiago (USA)
(RSC round 2).
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