Iraq and Egypt eye enhanced IT cooperation

Amr Talaat. (Social media)
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Updated 20 June 2021
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Iraq and Egypt eye enhanced IT cooperation

  • Talaat underlined the depth of Egyptian and Iraqi relations and stressed the directives from the political leaders of the two countries to intensify joint cooperation

CAIRO: Iraq and Egypt discussed improved cooperation in the fields of communications and IT at a meeting between Amr Talaat, the Egyptian minister of communications and information technology, and his Iraqi counterpart, Arkan Shihab, on Thursday.

Shihab was leading a high-level delegation to Egypt that included government officials and representatives of the Iraqi private sector.

The two ministers chaired a meeting that included executive leaders from both sides, where they discussed mechanisms to boost cooperation, exchange experiences and stimulate joint initiatives in related fields, which were included in an MoU signed between the two countries.

The MoU covered the areas of infrastructure, digital transformation, capacity building, postal services, Arab digital content, innovation and entrepreneurship, cybersecurity research and development and investment in the field of communications, IT and satellites.

Talaat underlined the depth of Egyptian and Iraqi relations and stressed the directives from the political leaders of the two countries to intensify joint cooperation.




President Abdel Fattah El-Sisi has  directed Egypt’s government to offer required support to enhance cooperation with Iraq.

There was agreement on a proposal submitted by the Iraqi minister to establish an Egyptian-Iraqi company to start digital transformation projects and the digitization of services in Iraq. A joint team will develop the idea and implement it, Talaat said.

He said a joint committee will be formed to oversee cooperation plans and added that he has accepted the invitation to visit Iraq. He highlighted Egyptian companies’ aspiration to work in the Iraqi market.

Talaat said he and his Iraqi counterpart reviewed the areas of cooperation that had been agreed upon during their meeting with the Egyptian Prime Minister Mostafa Madbouli.

Madbouli hailed Egyptian-Iraqi cooperation in the communication sphere, highlighting President Abdel Fattah El-Sisi’s directives to the government to offer required support to enhance relations with Iraq.

Shihab said there is a political will to establish real partnerships and open horizons for cooperation between Cairo and Baghdad, given the strategic importance of the two countries.


European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

Updated 02 March 2026
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European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

  • Analysts warn prolonged disruption could push prices higher
  • Some shipments of oil, LNG through Strait of Hormuz suspended
  • Benchmark Asian LNG price up almost 39 percent

LONDON: ​Benchmark Dutch and British wholesale gas prices soared by almost 50 percent on Monday, after major liquefied natural gas exporter Qatar Energy said it had halted production due to attacks in the Middle East.

Qatar, soon to cement its role as the world’s second largest LNG exporter after the US, plays a major role in balancing both Asian and European markets’ demand of LNG.

Most tanker owners, oil majors and ‌trading houses ‌have suspended crude oil, fuel and liquefied natural ​gas shipments ‌via ⁠the ​Strait of ⁠Hormuz, trade sources said, after Tehran warned ships against moving through the waterway.

Europe has increased imports of LNG over the past few years as it seeks to phase out Russian gas following Russia’s invasion of Ukraine.

Around 20 percent of the world’s LNG transits through the Strait of Hormuz and a prolonged suspension or full closure would increase global competition for other ⁠sources of the gas, driving up prices internationally.

“Disruptions to ‌LNG flows would reignite competition between ‌Asia and Europe for available cargoes,” said ​Massimo Di Odoardo, vice president, gas ‌and LNG research at Wood Mackenzie.

The Dutch front-month contract at the ‌TTF hub, seen as a benchmark price for Europe, was up €14.56 at €46.52 per megawatt hour, or around $15.92/mmBtu, by 12:55 p.m. GMT, ICE data showed.

Prices were already some 25 percent higher earlier in the day but extended gains ‌after QatarEnergy’s production halt.

Benchmark Asian LNG prices jumped almost 39 percent on Monday morning with the S&P Global ⁠Energy Japan-Korea-Marker, widely used ⁠as an Asian LNG benchmark, at $15.068 per million British thermal units, Platts data showed.

“If LNG/gas markets start to price in an extended period of losses to Qatari LNG supply, TTF could potentially spike to 80-100 euros/MWh ($28-35/mmBtu),” Warren Patterson, head of commodities strategy at ING, said. The British April contract was up 40.83 pence at 119.40 pence per therm, ICE data showed.

Europe is also relying on LNG imports to help fill its gas storage sites which have been depleted over the winter and are currently around 30 percent full, the latest data from Gas Infrastructure ​Europe showed. In the European carbon ​market, the benchmark contract was down €1.10 at €69.17 a tonne