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Sunday, 15 January 2023

Shoukry in Riyadh + Italian investment incoming?

Shoukry in Riyadh for talks: Foreign Minister Sameh Shoukry discussed a number of regional crises with his Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh last week, according to a joint communique. The two ministers discussed the Grand Ethiopian Renaissance Dam, as well as developments in Palestine, Sudan and Yemen, among other issues.

Italy eyes new projects in Egypt: Italy’s Ambassador to Egypt Michele Quaroni discussed with Prime Minister Moustafa Madbouly new areas of cooperation between the two countries, including in energy, maritime transport, and agricultural reclamation, according to a cabinet statement. The meeting follows reports that Italy has submitted a proposal to Egypt to work on a joint USD 2.8 bn electricity interconnection project with a capacity of 2.5-3 GW.

Talaat meets with more Indian companies: Communications Minister Amr

Talaat met with representatives from more Indian tech companies as he wrapped up his week-long trip to India. The minister sat down with officials from eInfochips, CtrlS, Global Logic, Capgemini, and Wipro over the weekend as part of his efforts to drum up Indian investment in our CIT sector, according to two ministry statements (here and here).

FROM THE REGION- Turkey is claiming that Libya’s Tripoli-based government still backs a contentious energy exploration pact with Ankara even after a Libyan court last week suspended the agreement, Reuters reports quoting Turkish Foreign Minister Mevlut Cavusoglu. Egypt and Greece had rejected the Libyan-Turkish agreement, which has inflamed tensions between Mediterranean powers over maritime borders in the oil and gas-rich East Med.

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