The government is moving to expand reliance on solar energy, enforce stricter public spending controls, and boost strategic reserves of key commodities and fuel, while continuing efforts to improve the investment climate. The measures were highlighted during the weekly cabinet meeting chaired by Prime Minister Moustafa Madbouli on Thursday , who underscored directives from President Abdel Fattah El Sisi to accelerate renewable energy projects.
New initiative to turn villages into production hubs
Ministers of industry, local development, environment, agriculture, and planning agreed on Thursday to proceed with a new initiative to transform rural villages into hubs of production.
Cairo advances strategic partnership with S. Korea
The Minister for Investment and Foreign Trade, Mohamed Farid Saleh, chaired a meeting of the working group on Egyptian–Korean economic relations, attended by representatives from relevant ministries and government bodies. The meeting reviewed the objectives of bilateral economic co-operation and considered proposed responses to the requirements of the Korean side, with the aim of maximising the benefits of the strategic partnership between the two nations.
Egypt advancing clean energy transition, expanding renewables
Egypt’s Minister of Finance Ahmed Kouchouk has reaffirmed that the state is pressing ahead with efforts to improve energy efficiency across the national economy and expand the use of new and renewable energy sources, as part of a broader strategy to reduce carbon emissions and enhance sustainable growth.
Iran ceasefire falters over Lebanon and Hormuz
A tentative ceasefire in the Iran war staggered Thursday under the weight of Israel’s intense bombardment of Beirut, Tehran’s continued chokehold on the Strait of Hormuz, and uncertainty over whether negotiators can find common ground on a range of other differences.
“Iran’s right to enrich uranium ‘necessary’ for US talks”
The chief of Iran’s nuclear agency said Thursday that protecting Tehran’s right to enrich uranium is “necessary” for any ceasefire talks with the United States. Mohammad Eslami, who leads the Atomic Energy Organisation of Iran, made the remarks to journalists including one from The Associated Press in Tehran, Iran, during commemorations for the late Supreme Leader Ayatollah Ali Khamenei.
“Over 1m Sudanese refugees in Chad face drastic aid cuts”
More than a million Sudanese refugees face drastic cuts in life-saving aid such as food and water unless donors fill a funding shortfall of over $400 million, two UN agencies said on Thursday. Over 1.3 million Sudanese refugees are living in neighbouring Chad, with most of them arriving since the start of the conflict in Sudan between the army and the paramilitary Rapid Support Forces in April 2023.
