#Egyptian cabinet
Egypt’s Cabinet signed a Memorandum of Understanding (MoU) with the United Arab Emirates relating to logistics projects in the petroleum sector, with investments potentially reaching USD 3 billion (EGP 147.5 billion), a Cabinet press release announced on 8 August. The signing ceremony, witnessed by Egypt’s Prime Minister Mostafa Madbouly, featured key figures from Egypt’s Ministry of Petroleum and Mineral Resources, and Emirati-owned Fujairah Oil Industry Zone. Egypt aims to mirror the integrated system operated in Fujairah, deploying it at Egypt’s…
