Arab Press

بالشعب و للشعب
Saturday, Feb 28, 2026

Egypt Says Nasrallah’s Statements About Economy Are 'Nonsense'

Egypt Says Nasrallah’s Statements About Economy Are 'Nonsense'

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.”
Nasrallah’s statements are likely linked to Egypt snubbing Iranian attempts to open channels for communication between Cairo and Tehran, an informed source who requested anonymity told Asharq Al-Awsat.

“There are repeated requests and contacts on the part of Tehran to try to advance relations with Egypt,” the source said, adding that Iran believed that ties would warm up after its delegation attended the COP27 summit in Sharm el-Sheikh.

Nevertheless, Egypt has not yet reacted to Iran’s attempts, the source explained.

Almost a week ago, Nasrallah had received Iranian Foreign Minister Hossein Amir-Abdollahian in Beirut, and they discussed developments and political situations in Lebanon, Palestine, and the region.

“Egypt's calculations regarding Iran are accurate and linked to regional and Arab relations, and Cairo is committed to a comprehensive vision, not momentary changes,” the source affirmed.

The past months witnessed repeated Iranian signals regarding “strengthening relations with Egypt.”

Amir-Abdollahian confirmed, last July, that “strengthening relations between Tehran and Cairo is in the interest of the countries of the region and the peoples of the two countries.”

In a speech on the anniversary of the launch of Hezbollah’s affiliated Consultative Center for Studies and Documentation, Nasrallah invited attendees to examine the economic situation in Egypt, the first country to sign a peace agreement with Israel.

Nasrallah said that Egypt’s commitment to peace with Israel did not prevent its economy from needing loans from the International Monetary Fund (IMF).

He also reviewed the situation in Jordan and other countries.

Ties between Egypt and the Lebanon-based Hezbollah have witnessed sharp and rare turns during the past two decades.

Egypt had previously arrested a Hezbollah cell that was operating on its soil. It convicted the members of the cell in 2010 with court rulings ranging from six months to life imprisonment, but cell leader, Sami Shehab, managed to escape prison in 2011.

In 2015, Shehab received a new sentence in absentia of two years in prison.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Emerging Saudi–Turkish Alignment Draws Attention as Potential Strategic Challenge for Israel
Saudi Arabia Unveils $100 Billion Technology Investment Fund to Accelerate Post-Oil Diversification
Saudi Arabia Reaffirms Firm Commitment to Two-State Solution in Renewed Diplomatic Push
Saudi Arabia Launches Central Kitchen in Gaza to Deliver 24,000 Meals a Day
Saudi Arabia Announces $346 Million Support Package for Yemen in Renewed Humanitarian Push
Saudi Investors Increase US Equity Exposure Amid Domestic Market Weakness
Saudi Arabia Unveils Major Desert Gas Development in Strategic Shift Toward Diversified Energy Growth
Satellite Images Indicate Increased Aircraft Presence at Saudi Airbase Hosting US Forces
Telephone Diplomacy Sparks Tensions Between Two Key US Allies After Trump Intervention
Asian LPG Prices Surge After Damage Forces Saudi Aramco Export Disruptions
Saudi Arabia Unveils $100 Billion AI Infrastructure Fund to Challenge US and China
Saudi Stocks Close Lower as Tadawul All Share Index Falls 1.28 Percent
Saudi Arabia Launches Smart Mapping System to Enhance Pilgrim Experience at Holy Sites
Cristiano Ronaldo Acquires 25 Percent Stake in Saudi-Owned Spanish Club Almería
U.S.–Saudi Relations Balance Transactional Deal-Making with Expanding Strategic Ambitions
Israel’s President Herzog Signals Cautious Message on Saudi Ties at UAE Iftar in Tel Aviv
United States and Saudi Arabia Strengthen Security Ties with Joint Explosive Ordnance Disposal Exercise
Saudi Arabia Responds to Israel–UAE Moves in Somalia as Regional Rivalries Intensify
Saudi Arabia Showcases Expanding Defense Ambitions at World Defense Show 2026
SECRETARY RUBIO on IRAN: Iran poses a very great threat to the United States, and has for a very long time.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
Nvidia posted better than expected results for the January quarter on Wednesday and forecast current quarter revenue above market estimates.
Saudi Arabia’s Coffee Renaissance Gains Momentum as Investment and Heritage Drive Industry Growth
Saudi Shipping Leader Bahri Expands Fleet as Tanker Rates Approach $200,000 a Day
Saudi Arabia Advances First National Urban Policy Through High-Level Leadership and Institutional Alliances
Major Life Sciences Summits to Spotlight Saudi Arabia’s Rise as Regional Biotech and Pharma Hub
Saudi Arabia Reframes Red Sea and Horn of Africa Strategy Amid Rising Security and Trade Stakes
Saudi Arabia Recalibrates Its Role in Shifting Regional and Global Power Dynamics
Saudi Retail Signals to Global Brands: Localise or Lose Ground in a Rapidly Evolving Market
Saudi Arabia Looks to Human Capital Investment to Unlock Demographic Dividend
Saudi Arabia and Iran Increase Oil Exports Amid Escalating Middle East Tensions
Saudi Data Protection Authority Intensifies Enforcement Under Personal Data Law
Saudi Arabia Raises Oil Output and Exports Amid Contingency Planning Over Iran Tensions
USS Gerald R Ford Arrives in Souda, Crete
Saudi Sovereign Wealth Fund Unit Expands Push Into Global Private Credit
Saudi Arabia Eases Headquarters Rules to Attract More Foreign Firms
Saipem Secures Major Offshore Pipeline Contract in Saudi Arabia
Saudi Arabia’s Targeted Oil Export Cuts to the US Seen as Strategic Signal Amid Global Supply Glut
Nemetschek Arabia Signs Strategic MoU with Saudi Facility Management Association
Gulf Markets Close Mixed as Saudi Shares Slip on Budget Deficit Concerns
Saudi Arabia Posts Largest Quarterly Budget Deficit in Years Amid Weaker Oil Revenues and Higher Spending
U.S. Lawmaker Urges Safeguards on Saudi Civil Nuclear Deal as Trump Administration Advances Agreement
Saudi Arabia and Gulf Allies Rally Behind Kuwait in Escalating Maritime Border Dispute with Iraq
Universal Aviation Secures License to Operate and Manage New General Aviation Terminal in Dammam
Tucker Carlson’s Saudi Arabia Remarks Spark Debate Over Israel Stance
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
Gulf States’ AI Investment Drive Seen as Strategic Bet on Technology and U.S. Security Ties
African Union Commission Chair Meets Saudi Vice Foreign Minister to Deepen Strategic Cooperation
President El-Sisi Holds Strategic Talks with Saudi Crown Prince in Riyadh
×