Tehran Seeks Rapprochement with Cairo Through Investments

 Iraqi President Barham Saleh (C), Prime Minister Mustafa Al-Kadhimi (L) and Parliament Speaker Muhammad Al-Halbousi (R) receive Egypt's President Abdel Fattah el-Sissi (C-R), and Jordan's King Abdullah II (C-L), in the capital Baghdad, Iraq, June 27, 2021. (AFP Photo)
Iraqi President Barham Saleh (C), Prime Minister Mustafa Al-Kadhimi (L) and Parliament Speaker Muhammad Al-Halbousi (R) receive Egypt's President Abdel Fattah el-Sissi (C-R), and Jordan's King Abdullah II (C-L), in the capital Baghdad, Iraq, June 27, 2021. (AFP Photo)
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Tehran Seeks Rapprochement with Cairo Through Investments

 Iraqi President Barham Saleh (C), Prime Minister Mustafa Al-Kadhimi (L) and Parliament Speaker Muhammad Al-Halbousi (R) receive Egypt's President Abdel Fattah el-Sissi (C-R), and Jordan's King Abdullah II (C-L), in the capital Baghdad, Iraq, June 27, 2021. (AFP Photo)
Iraqi President Barham Saleh (C), Prime Minister Mustafa Al-Kadhimi (L) and Parliament Speaker Muhammad Al-Halbousi (R) receive Egypt's President Abdel Fattah el-Sissi (C-R), and Jordan's King Abdullah II (C-L), in the capital Baghdad, Iraq, June 27, 2021. (AFP Photo)

Tehran has reiterated that the road was ready for an understanding with Egypt, in conjunction with similar statements about Iran’s “openness” to relations with Saudi Arabia and the UAE, and “the resumption of negotiations on the nuclear agreement.”

For the third time in one month, Tehran sought to “compliment” Cairo, through statements by Iranian officials, calling for “the resumption of relations between the two capitals,” whether at the political or commercial levels.

In early July, Iranian Foreign Minister Hossein Amir Abdollahian stressed that strengthening relations between Tehran and Cairo “will benefit the two countries and peoples.” This was followed by a tweet by Mohammad Hossein Soltanifar, the head of Iran’s Interests Section Office in Cairo, praising what he described as “Egypt’s opposing stance on the project of an American alliance against Iran.”

Soltanifar continued to hint at the improvement of relations between Cairo and Tehran, through an article he published in the Iran Daily newspaper, and reported by the Iranian News Agency on Saturday. He said that the current developments “require raising the bilateral relations between the two countries… to the desired political level.”

Cairo, however, has so far met the repetitive Iranian statements with silence, as no official Egyptian response was made in this regard.

In remarks to Asharq Al-Awsat, Ambassador Hussein Haridy, former assistant to the Egyptian foreign minister, said: “Iran has issued several statements recently indicating a degree of openness to Arab powers, including Saudi Arabia, the UAE and Egypt, which gives the impression of the formation of a new phase in the Middle East. At the same time, Iranian statements were issued about Tehran’s response to European efforts to resume negotiations on the nuclear deal.”

Last month, Iraqi Foreign Minister Fouad Hussein revealed his country’s hosting of bilateral dialogue between Iran and Arab countries, including Egypt and Jordan.

He said: “Iran has proposed the idea of establishing channels of communication with Egypt, and the talks between Riyadh and Tehran will be transformed into an open dialogue.”

Tehran’s recent statements on strengthening relations with Egypt have focused on the investment field.

Soltanifar noted that his country was ready to enter Egypt’s markets, by establishing a factory for the production of local vehicles and holding joint investments in the fields of banking, textiles, marine navigation, and carpets.

The Iranian official stressed that the close and growing relations between Egypt, Iraq and Syria “provide more opportunities for regional cooperation between Iran and Egypt.”

Haridy, in turn, emphasized that nothing would impede the establishment of trade exchange relations between Cairo and Tehran, but added that the current stage “does not allow for talks about investments, economic cooperation and factories.”

“Egypt will not make any step that can be understood as being against the general direction in the Gulf, nor will it allow relations with [Iran] to be a weapon for confrontation with the Gulf States,” he underlined.



Cyberattack Hits State Banks in Iran

A man uses an ATM of Bank Melli Iran in front of a bank in Tehran, Iran, June 17, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
A man uses an ATM of Bank Melli Iran in front of a bank in Tehran, Iran, June 17, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
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Cyberattack Hits State Banks in Iran

A man uses an ATM of Bank Melli Iran in front of a bank in Tehran, Iran, June 17, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
A man uses an ATM of Bank Melli Iran in front of a bank in Tehran, Iran, June 17, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Electronic banking services have been severely disrupted after another cyberattack on several state banks in Iran, dpa said on Tuesday quoting Iranian media outlets.

According to the reports, the three affected banks - Melli, Saderat and Tejarat - temporarily had to shut down their customers' card services nationwide, meaning online payments were not possible.

This was intended to prevent unauthorized access and ensure the security of customers' assets, the IT department of the Banking Coordination Council said, according to the Shargh online news website.

Experts are currently working to restore operations as quickly as possible, it said. However, the council was unable to provide more detailed information. Private banks in the country are not affected by the attacks.

A cyberattack in mid-June disrupted four major state banks, with online payments and numerous cash machines in the capital Tehran stopping working.

“A silent war is unfolding and Iran is under cyberattack,” the Iranian hacker group Black Wolves said on its Telegram channel at the time, claiming responsibility for the attack.

Back in 2022, during the women's protests, there was a major hack targeting Iran's central bank. The surveillance cameras of the notorious Evin prison in Tehran were also hacked.

Published footage showed violent assaults by prison staff on political prisoners.

The hacker attacks are regarded as a form of digital protest against the Islamic system of government in Iran.


South Korea Says North Korean Soldier in Custody after Crossing Border

File photo of North Korean soldiers at a guard post near the Demilitarized Zone (DMZ) that separates the two Koreas (Reuters)
File photo of North Korean soldiers at a guard post near the Demilitarized Zone (DMZ) that separates the two Koreas (Reuters)
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South Korea Says North Korean Soldier in Custody after Crossing Border

File photo of North Korean soldiers at a guard post near the Demilitarized Zone (DMZ) that separates the two Koreas (Reuters)
File photo of North Korean soldiers at a guard post near the Demilitarized Zone (DMZ) that separates the two Koreas (Reuters)

South Korea took a soldier from the North into custody after the individual crossed the heavily fortified border this week in what is believed to be a defection, South Korea's Yonhap news agency reported Wednesday.

"The military secured one North Korean soldier in the central front Tuesday night and relevant authorities are currently investigating the details," Seoul's Joint Chiefs of Staff said in a message to the media, according to Yonhap.

Tens of thousands of North Koreans have fled to South Korea since the peninsula was divided by war in the 1950s.

Most go overland to neighboring China first, then enter a third country such as Thailand before finally making it to the South.

Defections across the land border that divides the peninsula are relatively rare, as the area is densely forested, ridden with landmines and monitored by soldiers on both sides.

North Koreans are typically handed over to Seoul's intelligence agency for screening after arriving in the South.

More than 34,000 North Koreans have escaped the isolated country to the South, according to data from the Unification Ministry.

In 2024, 236 North Koreans arrived in South Korea, with women accounting for 88 percent of the total.

Pyongyang uses harsh words such as "human scum" to describe citizens who escape.


Alibaba Sues Pentagon over Blacklist Designation

The headquarters of the tech giant Alibaba (AP)
The headquarters of the tech giant Alibaba (AP)
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Alibaba Sues Pentagon over Blacklist Designation

The headquarters of the tech giant Alibaba (AP)
The headquarters of the tech giant Alibaba (AP)

Chinese tech giant Alibaba has filed a federal lawsuit against the US Defense Department for designating it a military-linked firm, with the company telling AFP on Wednesday that the labelling is "arbitrary and capricious.”

The lawsuit, filed Tuesday in San Jose federal court, contests the Pentagon's decision to include Alibaba in a list released this month of companies it says have ties to the Chinese military.

"The determinations have no basis in fact or law," the complaint said.

"Alibaba is not a Chinese military company nor part of any military-civil fusion strategy," a company spokesperson told AFP on Wednesday.

"The decision to place Alibaba on the... list is arbitrary and capricious, and we are filing a lawsuit against the Department of War to demand removal from the list," they said.

The Pentagon released the new blacklist this month of 80 companies and their subsidiaries it said were aiding the Chinese military.

The list also saw tech giant Baidu and electric vehicle firm BYD added.

Under the designation, beginning June 30, the Pentagon cannot enter into new contracts with designated companies or their controlled subsidiaries.

The designation also restricts the company's ability to retain lobbying firms in the United States, which the lawsuit argues violates First Amendment rights.

"The effect is already being felt: advocates who have represented Alibaba for years have informed the company that they can no longer do so," the complaint stated.

Alibaba said in its lawsuit it is a publicly traded e-commerce and cloud-services provider with a diverse shareholder base dominated by major American financial institutions including JPMorgan, Citigroup, and BlackRock.

China retaliated against the blacklist on Monday, imposing export controls on 10 US companies involved in defense and rare earths mining.

The feud tests bilateral relations after US President Donald Trump and Chinese counterpart Xi Jinping met in Beijing last month to stabilize ties.