Iran war drives global battery storage surge in 2026

The conflict involving the United States, Israel and Iran has accelerated global investment in battery storage, intensifying a shift already underway in power systems worldwide. Falling battery costs and rising electricity demand, driven in part by data centers, had set the stage for rapid expansion. The war has amplified this trend by pushing......

Dubai probes death of Egyptian doctor Diaa El Awadhi

The Egyptian doctor and social media nutrition figure Diaa El Awadhi has died in Dubai under circumstances still under official investigation. Authorities in United Arab Emirates have not confirmed a final cause of death or whether criminal factors were involved. His disappearance and the delayed discovery of his body triggered widespread......

Us weighs 20 billion asset release for iran uranium deal

The United States is considering a proposal to release up to 20 billion dollars in frozen Iranian assets in exchange for Tehran handing over its stockpile of enriched uranium, as part of efforts to end the ongoing conflict with Iran. The plan forms part of a broader framework aimed at de escalating tensions following weeks of military confrontation. Donald......

European farmers cut crops as Iran war disrupts fertilizer supply

Farmers across Europe are scaling back production as the war in Iran disrupts global energy and fertilizer supply chains, driving up costs during a critical planting season. Producers in Finland, Bulgaria, and across Ireland report mounting financial strain, with protests over fuel prices spreading as input costs surge. In Finland, a survey......

Eni announces 2 Tcf gas discovery off the Egyptian coast

Eni announced Tuesday a gas and condensate discovery off the coast of Egypt estimated at approximately 2 trillion cubic feet of gas in place. The find is the latest in a series of Mediterranean discoveries by the Italian energy company, which also includes a separate 1 trillion cubic foot discovery off the Libyan coast last month. The Egyptian......

Ayman Hassan highlights global cooperation to scale AI in Egypt

Egypt is positioning itself as a regional hub for artificial intelligence by advancing a strategy built on cross-border collaboration, according to Ayman Hassan, commercial vice president at GITEX, ahead of Ai Everything MEA 2026. Hassan said artificial intelligence cannot scale effectively without coordinated action between governments,......

South Korea risks Hormuz oil runs as Asia's energy crisis deepens into sixth week

Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not start. Iran effectively closed the strait......

US crude premiums hit record highs as Asia and Europe scramble for supply

The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International Energy Agency described the......

Bitcoin jumps 3% on Iran ceasefire proposal as short squeeze hits crypto market

Bitcoin climbed approximately 3 percent to trade near $69,200 on Monday, lifted by reports of a last-minute diplomatic initiative between the United States and Iran and a wave of forced liquidations that punished bearish traders across crypto markets. The rally, which pushed the leading cryptocurrency to its highest level in more than a week,......

Akhannouch visits Cairo to strengthen Morocco Egypt cooperation

Moroccan Head of Government Aziz Akhannouch arrived in Cairo on Sunday leading a high-level ministerial delegation aimed at cooperation between Morocco and Egypt. During the visit, Akhannouch is set to co-chair the first session of the Morocco-Egypt Coordination and Monitoring Committee alongside Egyptian Prime Minister Moustafa Madbouli.......

War pressures Egypt’s private sector as PMI falls to near two-years low

Egypt’s non-oil private sector showed signs of renewed strain in March, as rising regional tensions and economic pressures weighed heavily on business activity. According to data from S&P Global, the country’s Purchasing Managers’ Index (PMI) declined for the fourth consecutive month, reaching its lowest level in nearly......

Egypt engages in diplomatic talks with US and regional powers to ease tensions

Egypt has intensified its diplomatic efforts to promote regional stability through a series of high-level discussions with international and regional partners. According to official statements, Egyptian Foreign Minister Badr Abdelatty held separate calls with U.S. envoy Steve Witkoff and several regional officials, including Iranian Foreign......

Egypt secures Libyan oil as Iranian war fuels Africa’s energy crisis

A month into the U.S.-Israeli military campaign against Iran, the effective closure of the Strait of Hormuz has disrupted African fuel markets, leaving countries from Kenya to Nigeria grappling with fuel shortages, soaring prices, and emergency rationing measures that threaten to deepen poverty across the continent. Around 600,000 barrels......

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