Egypt Seeks Power Linkage with Europe

Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)
Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)
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Egypt Seeks Power Linkage with Europe

Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)
Egypt is continuously strengthening power linkage lines with neighboring countries. (Getty Images)

Egypt is continuously strengthening power linkage lines with neighboring countries such as Jordan, Sudan, and Libya, announced Minister of Electricity Mohamed Shaker.

He said the goal in the coming period would be achieving electrical linkage with Europe through maritime cables, which will reach a number of countries in the continent.

He confirmed that the launch of power projects to connect with Libya is a fundamental and strategic goal for the two countries, reported the Middle East News Agency (MENA).

Egypt succeeded in generating electricity to Libya through already existing projects, said Shaker.

The Ministry is studying a huge project for power linkage with Cyprus, Crete and eventually Greece, he revealed.

“When this project is complete, Cairo will be a central hub for electrical interconnection between three continents as Egypt is already electrically connected with both Jordan and Libya,” he said.

Egypt has close relations with Greece and Cyprus, and the three countries regularly hold summits within the framework of their energy cooperation in the Mediterranean.

In December, Egyptian President Abdel Fattah al-Sisi stressed that the cooperation stems from balanced positions based on respect, good neighborliness, and mutual interests for the security and stability of the Eastern Mediterranean region.

Egypt is also exploring another project that would add power linkage with Saudi Arabia at peak consumption times throughout the day, announced Shaker.



Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
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Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

Türkiye is facing genuine disinflation prospects, its deputy central bank governor said on Wednesday, adding that it was replenishing reserves following the hit to them in the wake of recent political turmoil.

"For the first time, I believe we are facing genuine disinflation prospects in the true sense of the world," Central Bank Deputy Governor Osman Cevdet Akcay said during a panel discussion at the European Bank for Reconstruction and Development annual meeting in London.

"So, we might see a break in inflation numbers suddenly to be sustained."

He added the central bank was rebuilding the country's reserves "slowly but surely."