US President Donald Trump announced on Saturday that he called off planned strikes on Iran, adding later that officials from Washington and Tehran will meet for talks later today. Iran has denied it is having discussions with the US. This is not the first time during the conflict that Trump has threatened attacks then called …
The post This is not the first time Trump has called off strikes on Iran appeared first on Egypt Independent.

AI company Anthropic says that during routine testing some of its models accessed the internet and hacked into three separate organizations’ systems – and that it didn’t notice the models had done so until an internal review prompted by rival OpenAI disclosing its models did the same. Anthropic said in an announcement on Thursday that …
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Egyptian Prime Minister Mostafa Madbouly said on Monday that Chinese investments in Egypt exceeded $10bn, highlighting growing confidence among Chinese businesses in Egypt’s investment climate as the government reviewed new opportunities to deepen economic cooperation with Beijing. Madbouly made the remarks while chairing the third meeting of the Ministerial Committee for the China Unit, attended […]
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Egypt’s banking sector recorded a sharp increase in net foreign assets (NFA) in June 2026, with the balance rising to $27.965bn, equivalent to EGP 1.378trn, up from $22.9bn, or EGP 1.198trn, in May, according to data released by the Central Bank of Egypt (CBE). The increase came as the Egyptian pound strengthened against the US […]
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  For squash coaches, keeping track of your players’ mistakes can turn into a tedious second job. You can write them down, but soon enough that stops being useful and starts being exhausting. So what’s the solution? A bunch of professional and ex-squash players living abroad in the U.S. came up with it in one word: Core. Core started with its founders hunched over footage of squash matches, tracking shots, movement, and patterns the way professionals do when they are trying to turn raw games into useful truth.  For Co-founder & Chief Marketing Officer and world number 164 Abdelrahman Nassar, the purpose was always clear: “Core started because I wanted every player to understand their game the same way professionals do. Technology simply became the best way to make that possible.”  The platform officially launched on 1 May 2026, and momentum is building, with the mission remaining sharp and simple.  “As both a professional player and a coach, I experienced firsthand how valuable detailed match analysis could be, but I also saw how inaccessible and time-consuming it was,” Nassar says.  The insights were real, the value was obvious, but theContinue reading "From Pen-and-Paper Rallies to a Squash Digital Twin That Learns Every Match"
The post From Pen-and-Paper Rallies to a Squash Digital Twin That Learns Every Match first appeared on Egyptian Streets.

Emirates National Bank of Dubai (NBD) Egypt, a wholly owned subsidiary of Emirates NBD, announced Monday, 3 August, that it had signed definitive agreements to acquire the retail banking operations of HSBC Egypt. The move is set to expand the Dubai-based lender’s footprint in one of the region’s largest banking markets. The deal, still subject to regulatory approval and other customary closing conditions, would transfer HSBC Egypt’s retail banking portfolio, including its branch network, associated ATMs, customer base and relevant staff, to Emirates NBD Egypt. Emirates NBD did not disclose the value of the transaction. But HSBC Holdings, in a separate statement on Sunday, 2 August, said the sale was expected to generate a pre-tax gain of roughly USD 300 million (EGP 15 billion) for the group. HSBC added that the deal is expected to close in the second half of 2027, pending regulatory approval. The sale is the latest move in HSBC’s broader restructuring of its global operations, as the London-based lender continues to pare back or exit retail businesses in markets it has deemed peripheral to its core strategy. HSBC has operated in Egypt since 1982. In OctoberContinue reading "Emirates NBD to Acquire HSBC’s Retail Banking Business in Egypt"
The post Emirates NBD to Acquire HSBC’s Retail Banking Business in Egypt first appeared on Egyptian Streets.

Prime Minister Mostafa Madbouly reviewed Egypt’s plans to secure energy supplies for August during a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources, with the government reaffirming its commitment to ensuring the uninterrupted availability of petroleum products and natural gas, according to a Cabinet statement. Madbouly stressed that meeting the country’s energy needs […]
The post PM Reviews August Energy Supply Plan first appeared on Egypt Oil & Gas.

The Egyptian Electricity Transmission Company (EETC), the state-owned power grid operator, signed a Power Purchase Agreement (PPA) with Alcazar Energy to construct a 407-megawatt (MW) wind power plant in the Zafarana region. The agreement was signed by Mona Rezk, Chairwoman of the EETC, and Mohamed Zidan, Senior Director of Alcazar Energy in Egypt, a sustainable […]
The post EETC Signs PPA with Alcazar Energy for 407 MW Wind Farm first appeared on Egypt Oil & Gas.