Oil and gas prices surge as Iran re-closes Strait of Hormuz

Oil and European natural gas prices surged after Tehran re-closed the Strait of Hormuz and fired on vessels following the US Navy’s seizure of an Iranian ship, halting all shipping traffic through the vital energy corridor. The turbulent weekend escalation saw Tehran re-impose restrictions on the waterway on Saturday, reversing…

Keller Williams expands into Egypt with master franchise agreement

Keller Williams Realty (KW), one of the world’s largest real estate franchise networks by agent count, has announced its entry into the Egyptian market as part of its ongoing international expansion strategy. The company has awarded a master franchise in Egypt to a partnership between RED, co-founded by Khalid Bahig…

Egypt signs MoU to localise desalination membrane manufacturing

Egypt has taken a further step towards strengthening its water infrastructure and industrial base, signing a memorandum of understanding (MoU) to develop, build, and operate a factory for producing seawater desalination membranes using reverse osmosis technology. The agreement was signed under the auspices of Randa El-Menshawy, Minister of Housing, Utilities…

Egypt steps up efforts to restore ecological balance of Lake Qarun

Egypt is accelerating the implementation of a comprehensive plan to restore the ecological balance of Lake Qarun, with a strong focus on wastewater treatment and pollution reduction, according to the Ministry of Local Development and Environment. In an official statement, the ministry said Minister Manal Awad met with Fayoum Governor…

Egypt deepens energy partnership with Huawei to enhance grid efficiency

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, has held talks with executives from Huawei to expand co-operation in renewable energy, energy storage technologies, and smart grid solutions, as part of the country’s broader strategy to modernise its electricity sector. The meeting, attended by Huawei Egypt CEO Benjamin Hou…

Minister of Military Production explores expanded co-operation with GOEIC

Salah Gomaa, Minister of State for Military Production, held talks with Essam El-Naggar, Chairperson of the General Organisation for Export and Import Control (GOEIC), to explore avenues for enhanced joint co-operation. During the meeting, the minister reviewed the advanced technical and technological capabilities of laboratories affiliated with the Ministry, including…