Author: OMN AI

Egyptian President Abdel Fattah el-Sisi met Libyan military leader Khalifa Haftar in Cairo as Egypt renewed its focus on stability and security in neighboring Libya. The meeting took place on Wednesday and included senior figures from the Libyan side. Haftar was joined by his son, Khaled Haftar, who serves as chief of staff of the Libyan National Army, and Saddam Haftar, who leads Libya’s reconstruction fund. Egypt’s intelligence chief Hassan Rashad also attended the meeting. The talks come at an important time for Libya. The country remains split between rival political and military forces, despite years of efforts to create…

Egypt has issued a fresh warning to Ethiopia over plans for new dams on the Nile, saying Cairo will not accept steps that could put its water supply at risk. Egyptian Foreign Minister Badr Abdelatty said on Wednesday that his country would reject any new unilateral action on the Nile. He also said Egypt has the right to protect its water interests and national security. The warning adds new pressure to a long dispute between Egypt and Ethiopia. The two countries have been at odds for years over the use of Nile water and Ethiopia’s Grand Ethiopian Renaissance Dam, known…

EyePoint Inc. shares plunged about 70% after the biotechnology company reported disappointing Phase 3 results for DURAVYU in wet age-related macular degeneration, or wet AMD, raising fresh questions about the drug’s prospects and the company’s financial position. The decline followed topline results from the LUGANO trial, one of two Phase 3 studies testing DURAVYU, a vorolanib-based intravitreal insert designed to reduce the frequency of eye injections. The company is also developing DURAVYU for diabetic macular edema, or DME. LUGANO was designed as a non-inferiority trial comparing DURAVYU with 2 mg aflibercept, an established treatment for wet AMD. However, DURAVYU failed…

Egypt and the United Kingdom have condemned recent remarks by Israeli National Security Minister Itamar Ben-Gvir over the Gaza Strip, with Cairo warning that his statements could deepen regional tensions and undermine diplomatic efforts to restore peace. Egyptian Foreign Minister Badr Abdelatty and British Minister of State for the Middle East Stephen Doughty voiced their opposition to the remarks during talks in Cairo on Tuesday. The discussions focused on Gaza, the occupied West Bank, regional security, migration and efforts to strengthen relations between Egypt and the UK. Abdelatty described Ben-Gvir’s comments as inflammatory and incompatible with international law and basic…

Egypt plans to build a new business arm. The plan aims to guide money into Africa. It will also ask a key bank for more aid. The group is the Arab Bank for Economic Development in Africa. People call this bank BADEA. Egypt wants BADEA to help build roads, power lines, and trade routes across the continent. Foreign Minister Badr Abdelatty shared the plan on Sunday. He also serves as Egypt’s governor at BADEA. He met with BADEA Chairman Fahd Al-Dosari on August 16. The two leaders spoke in private first. Then, they joined a large meeting with business heads.…

Scatec has completed the Obelisk project in Egypt.The site reached its commercial operation date.The final step added 564 megawatts of solar power.The entire plant now yields 1.1 gigawatts of solar energy.It also has a 100 megawatt and 200 megawatt-hour battery system.This work makes the site Africa’s largest hybrid solar and storage complex. The build moved very fast. The firm signed the power purchase deal in late 2024. Works finished in record time. The project was built in two steps.The first phase set up 561 megawatts of solar power.That stage also built the full battery unit.The second phase added the final…

Egypt is taking big steps to build its energy future by unlocking untapped natural reserves across its southern lands and coastal waters. The nation wants to grow its domestic fuel supply, cut energy import costs, and bring major international energy companies into new onshore and offshore areas. The South Valley Egyptian Petroleum Holding Company is currently preparing to award seven new Egypt oil and gas blocks.These fresh exploration zones include six key sites located across southern Egypt and one strategic offshore block situated in the waters of the Red Sea.Energy leaders expect this expansion round to attract total planned investments…

United States envoy Jared Kushner held high-level talks with Hamas leaders in Egypt to push forward a new Gaza peace roadmap.The meeting took place in the coastal town of Alamein as diplomats attempt to bridge deep divides over the post-war plan. Senior Hamas official Khalil al-Hayya led the Palestinian delegation during the discussion. Representatives from regional mediating partners also attended, including Egyptian intelligence chief Hassan Rashad, Qatari diplomat Ali Al Thawadi, and a senior Turkish official.Board of Peace director Nickolay Mladenov and former British Prime Minister Tony Blair joined Kushner for the negotiation session. A Palestinian source stated that Hamas…

Egypt is stepping up efforts to grow its medical tourism sector as more international patients seek treatment at the country’s hospitals. The General Authority for Healthcare, known as GAH, said medical tourism revenue has risen 37% from a year earlier. International revenue has now passed $10 million. Nearly 42,000 tourists have also received medical care at GAH hospitals. The authority said the figures show rising demand for its services and stronger competition in the regional and global medical tourism market. Ahmed El-Sobky, Chairperson of GAH, held a meeting with officials working on medical tourism. The meeting focused on the sector’s…

Turkish President Recep Tayyip Erdogan has said Egypt could join a new defence agreement signed by Turkiye, Saudi Arabia and Pakistan. Erdogan described Egypt’s possible entry as an option for the pact’s future. He also said the agreement is open to more countries. The Mecca Joint Defence Agreement was signed in Mecca on August 7. Erdogan signed it with Saudi Crown Prince Mohammed bin Salman and Pakistan Prime Minister Shehbaz Sharif. The pact says an armed attack on one member will be treated as an attack on all three. The agreement is a major new step in regional security. It…