AGP Executive Report
Last update: 8 hours agoUS-Iran Pressure on Egypt’s Banking: Banque Misr says it’s reviewing a US Treasury notice that would restrict its UAE branches from dollar correspondent services over Iran-linked dealings, while the UAE central bank has launched a special urgent forensic review of the branches. Renewables Push: Egypt’s Electricity Minister met Masdar to speed up solar, wind and battery projects, including grid connections for multiple facilities, as the country targets a bigger renewable share. Green Finance for Wind: The IFC plans up to $100m for Egypt’s 900MW Shadwan Wind Power Project, with total investment expected around $700m. Water Digitisation: Egypt moves to digitise groundwater well licensing nationwide, aiming to identify wells, enforce compliance, and expand solar-powered pumping. Social Services Online: Egypt launched the first phase of a digital system to automate foster-family applications and care-institution procedures. Archaeology at Saqqara: Excavations at Saqqara uncovered an Old Kingdom tomb and interconnected burial shafts, including inscribed ritual tools and sarcophagi. Sports & Culture: Omar Marmoush made his Tottenham debut on loan; and a Vienna museum heist stole a diamond necklace made for Egypt’s royal family.
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