Nasrallah’s statements about Egypt’s economy are 'nonsense': Foreign ministry

MENA , Ahram Online , Friday 20 Jan 2023

Spokesman for Egypt's Ministry of Foreign Affairs Ahmed Abu Zeid on Friday called remarks by Hezbollah Secretary General Hassan Nasrallah about the economic situation in Egypt “nonsense” and "an attempt to recall fake heroism."

Ahmed Abu Zeid
A file photo of Egypt’s foreign ministry spokesman Ahmed Abu Zeid


Abu Zeid made the comment in a response to a question from state news agency MENA.

In a speech on the 30th anniversary of the launch of Hezbollah’s affiliated Consultative Center for Studies and Documentation, Nasrallah discussed Lebanon’s economic woes, saying that "the United States does not want a strong state in [the Middle East] but rather wants to keep its people chasing after a loaf of bread."

Talking about whether the countries of the so-called Axis of Resistance (Iran, Syria, Hezbollah and Yemen’s Houthis) are suffering for their geopolitical stance, Nasrallah rhetorically asked "What about the countries that follow Washington?"

“I call on you to examine the economic situation in Egypt, the first country to sign a peace agreement with ‘Israel’, is Lebanon more important to America than it?" he added.

Egypt is among the countries that have most suffered economically amidst the global economic crisis following the coronavirus pandemic and the Russia-Ukraine.

Egypt secured a $3 billion loan programme from the International Monetary Fund (IMF) in December to tackle the severe impacts of the war, particularly after foreign investors reportedly pulled billions of dollars out of the country since the conflict started.

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