ChatGPT said: Egypt's petroleum and mineral resources sector signed two memoranda of understanding with UAE-based International Resources Holding (IRH) on Monday, aiming to strengthen cooperation in mining and energy finance. The first MoU, between the Egyptian Mineral Resources Authority (EMRA) and IRH, covers technical support for Egypt's aerial survey of mining opportunities and the launch of a digital platform to improve access to survey results, supporting the country's Vision 2030 through advanced mineral exploration. The second, between the Egyptian General Petroleum Corporation (EGPC) and IRH, focuses on commercial financing for the sale and purchase of crude oil, liquefied gas, and other petroleum products. It also establishes a framework to reduce financing costs for petroleum products through competitive rates. Egypt's Minister of Petroleum and Mineral Resources Karim Badawy and Mariam bint Mohammed Almheiri, Chair of the International Affairs Office at the UAE Presidential Court and CEO of 2PointZero, a subsidiary of IRH, witnessed the signing. The agreements follow recent discussions in Cairo and are expected to deepen economic cooperation between Egypt and the UAE in both mining and petroleum finance. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
