PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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EGYPT AND CYPRUS SIGN FRAMEWORK AGREEMENT FOR COOPERATION ON GAS. (PHOTO).

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 Egypt and Cyprus sign framework agreement for cooperation on gas

Egypt and Cyprus signed a framework agreement for cooperation on gas ​at the Egypt 2026 Energy Show on Monday, Reuters reported.

A ‌spokesperson for the Cypriot presidency said that the non-binding agreement will be a base upon which the two countries can ​negotiate more agreements for the exploitation of Cyprus' ​reserves.

Another Cypriot government official added that the agreement ⁠will allow the two countries to negotiate the sale of natural gas to Egypt or Egypt's state-owned companies from Cyprus's Kronos and Aphrodite offshore fields.

Cypriot officials say they could be in a position to start extracting gas from ​Kronos in 2027 or 2028.

Last year, Egypt and Cyprus signed ​agreements enabling the export of gas from Cyprus's offshore fields to ‌Egypt ⁠for liquefaction and re-export to Europe, as both countries seek to bolster the Eastern Mediterranean's role as an energy hub.

Egypt is suffering the spillover from the Iran ​war, particularly in ​the energy ⁠sector, as it depends on imported fuel. Costs have ballooned with the disruption of oil ​and gas production and trade across the ​Middle ⁠East.

The government has already raised fuel prices and the price of public transport, announced a work-from-home policy, and ordered ⁠most ​malls, shops, and eateries to close ​down by 9 p.m. five days a week.

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