Egypt’s Foreign Minister emphasized the importance of Yemen’s stability for regional and Red Sea security during a meeting with his Yemeni counterpart. The ongoing conflict in Yemen under the Iran-backed Houthi group has led to significant economic losses for Egypt due to tensions in the region. A call for a political solution was made to address the humanitarian suffering of the Yemeni people.
Egyptian Foreign Minister Badr Abdelatty emphasized the significance of Yemen’s stability for maintaining security in the Red Sea region during a meeting in Cairo with Yemeni Foreign Minister Shaya Zindani. He affirmed Egypt’s unwavering support for Yemen’s unity, independence, institutions, and territorial integrity, as highlighted in an official statement from the Foreign Ministry.
Since the Houthi takeover of Sanaa and much of Yemen in 2014, the country has been embroiled in conflict, which Abdelatty noted jeopardizes regional security. He reiterated Egypt’s support for a comprehensive political solution that meets the aspirations of the Yemeni populace and alleviates their humanitarian suffering.
Recent tensions in the Red Sea have eased following a ceasefire related to the conflict in Gaza, where extensive violence resulted in significant casualties. The Houthi group targeted Israeli interests in the Red Sea, contributing to a noticeable decline in revenue for Egypt’s Suez Canal, an essential source of foreign currency.
The Egyptian government reported a loss of $7 billion in Suez Canal revenues attributed to this regional instability, highlighting the profound economic implications for Egypt. This situation underscores the interconnectedness of regional security and economic stability within the context of the ongoing Yemeni crisis.
The article highlights Egypt’s strong stance on the necessity of Yemen’s stability for regional security, particularly concerning the Red Sea. It outlines the economic ramifications stemming from recent tensions, particularly the significant financial losses incurred by the Suez Canal due to conflicts. A political resolution that addresses the needs and aspirations of the Yemeni people is deemed crucial in restoring stability and alleviating humanitarian crises.
Original Source: www.aa.com.tr
