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A senior Iranian official warned on Monday that Tehran will escalate tensions in the Strait of Hormuz and the wider region, launching an attack if the United States fails to implement a memorandum of understanding within weeks.
The threat came as the 60-day deadline stipulated in the “Islamabad Memorandum of Understanding” between the US and Iran reached its final stat...
Egypt plans to establish a new investment entity to coordinate its investments in Africa and is urging the Arab Bank for Economic Development in Africa (BADEA) to expand its backing for continental infrastructure and trade initiatives, Foreign Minister Badr Abdelatty said on Sunday.
Abdelatty, who serves as Minister of Foreign Affairs, Emigration and Egyptian Expatriat...
Egyptian Minister of Industry Khaled Hashem participated in laying the foundation stone for the Sungrow Power Suez plant, which will specialize in advanced battery energy storage systems (BESS) and is set to become the first dedicated energy storage systems manufacturing facility in the Middle East and Africa.
The plant is being established within the Egypt-China TEDA ...
Egypt’s Electricity and Renewable Energy Minister Mahmoud Esmat has received UAE Ambassador to Cairo Hamad Al Zaabi to discuss ways to strengthen bilateral cooperation and support investment in the electricity and renewable energy sectors.
During the meeting, Esmat praised the longstanding ties between Egypt and the UAE and the close relationship between the two countr...
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved two companies to conduct various non-banking financial activities using fintech, following reviews by the committee responsible for examining applications to use fintech in non-banking financial services.
The approvals come as part of the FRA’s ongoing efforts to enhance the efficiency and c...