EBRD backs Egypt–Greece green energy link
The European Bank for Reconstruction and Development (EBRD) has signed a grant agreement with ELICA Interconnector, part of Greece’s
Egypt is pushing back against mounting pressure from the U.S. and Gulf allies to contribute financially and militarily to operations targeting the Houthis, according to a report by Egyptian outlet Mada Masr, cited in the Jerusalem Post.
As Houthi attacks on Red Sea shipping intensify, many global shipping firms have rerouted vessels around South Africa, bypassing a waterway that typically handles around 15% of global trade.
In response, the U.S. has escalated airstrikes in Yemen and is reportedly demanding concessions from Egypt, including free passage for American vessels through the Suez Canal and a greater U.S. role in Red Sea security.
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