{"id":667286,"date":"2025-06-23T00:00:00","date_gmt":"2025-06-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/23\/israel-presses-pause-on-egypt-gas-exports-following-us-strikes-on-iran-plus-yacht-tourism-initiative-ge-healthcare-al-safi-group\/"},"modified":"2025-06-23T00:00:00","modified_gmt":"2025-06-23T00:00:00","slug":"israel-presses-pause-on-egypt-gas-exports-following-us-strikes-on-iran-plus-yacht-tourism-initiative-ge-healthcare-al-safi-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/23\/israel-presses-pause-on-egypt-gas-exports-following-us-strikes-on-iran-plus-yacht-tourism-initiative-ge-healthcare-al-safi-group\/","title":{"rendered":"Israel presses pause on Egypt gas exports following US strikes on Iran. PLUS: Yacht tourism initiative, GE Healthcare + Al Safi Group"},"content":{"rendered":"<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Israel once again put a halt to Egypt-bound natural gas exports yesterday morning<\/strong>, coinciding with the US\u2019 strikes on Iranian nuclear sites only a few hours before, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/87254\/%D8%A5%D8%B3%D8%B1%D8%A7%D8%A6%D9%8A%D9%84-%D8%AA%D9%88%D9%82%D9%81-%D8%B6%D8%AE-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A5%D9%84%D9%89-%D9%85%D8%B5%D8%B1-%D9%88%D8%B3%D8%B7-%D8%AA%D9%81%D8%A7%D9%82%D9%85-%D8%A7%D9%84%D8%AD%D8%B1%D8%A8-%D9%85%D8%B9-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86\/?utm_source=facebook&amp;utm_medium=social&amp;utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing an unnamed government source.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d00b346-8cdf-4024-839b-03967ef22a8c\/trumps-says-three-targeted-iranian-nuclear-sites-totally-obliterated\" style=\"\" rel=\"noopener\">had only just resumed gas exports on Thursday<\/a><\/strong><strong> after a six-day pause<\/strong>, although most of this made its way to Jordan, with Egypt receiving only \u201ctiny volumes,\u201d an Israeli Energy Ministry source told Reuters last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The initial halt in flows followed Tel Aviv\u2019s decision to start bombing Iran earlier in the <\/strong><strong>month<\/strong>, which led to the shuttering of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a45a163-6e02-4bf2-804e-53757a550de7\/\" style=\"\" rel=\"noopener\">Leviathan field<\/a> as well as the Karish field, taking away 800 mcf\/d from our national gas grid. Reduced gas flows from Israel not only mean an increased reliance on significantly more expensive LNG or <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e4e986-036a-4b88-94c3-8252e2240c5d\/\" style=\"\" rel=\"noopener\">mazut<\/a> imports, but also put a significant strain on Egypt's efforts to keep the lights on ahead of high-demand summer months.<\/p>\n<p class=\"tag-border-left\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t launche<\/strong><strong>s global digital campaign to promote yacht tourism: <\/strong>The Tourism Ministry rolled out a two-month international campaign called Sail to Egypt to showcase the country\u2019s yacht tourism offering, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/watch\/?v=652140337855874\" style=\"\" rel=\"noopener\">statement<\/a>. The campaign will feature on online platforms and in-print publications, highlighting Egypt\u2019s Red Sea and Mediterranean coastlines, modern marinas, resorts, and coastal cities to attract luxury travelers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R<\/strong><strong>EMEMB<\/strong><strong>ER- <\/strong>The government has been working to boost Egypt\u2019s yacht tourism <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35bf8ef8-943f-4fa9-b360-6f5f58d3cae8\" style=\"\" rel=\"noopener\">for years now<\/a>. And over the past year, the Suez Canal Authority rolled out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bb189ba-8a2b-4095-a555-fe8304a1b252\/sca-unveils-package-of-incentives-to-boost%253cmark%253e-yacht-tourism%253c%2Fmark%253e.-plus:-news-from-aoi,-disruptech,-gb-capital\" style=\"\" rel=\"noopener\">fresh incentives and facilities<\/a> for yachts passing through the waterway.<\/p>\n<p class=\"tag-border-left\">REGULATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New rules for PSPs + PS<\/strong><strong>Os are out:<\/strong> The Central Bank of Egypt issued new licensing and registration rules for payment service providers (PSPs) and payment system operators (PSOs), it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1156.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The framework, which aims to keep pace with rapid developments in digital payments, outlines licensing conditions and procedures for both local and foreign entities offering payment services or operating payment systems in Egypt. It covers activities including issuing payment instruments and sending and receiving remittances. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSPs and PSOs already operating in Egypt will have 12 months to comply<\/strong> with the new regulations \u2014 including capital requirements, which range between EGP 10-500 mn \u2014 and submit licensing requests.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIVE DEEPER- <\/strong>Check out the 34-page document outlining the news rules on the <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/payment-systems-and-services\/payment-systems-and-services-oversight\/psos-and-psps-licensing-rules\" style=\"\" rel=\"noopener\">CBE\u2019s<\/a><a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/payment-systems-and-services\/payment-systems-and-services-oversight\/psos-and-psps-licensing-rules\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/payment-systems-and-services\/payment-systems-and-services-oversight\/psos-and-psps-licensing-rules\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s first ultrasound, MRI machines<\/strong><strong> factory in the works: <\/strong>US healthcare giant GE Healthcare and Al Safi Group\u2019s Medinova are setting up the country\u2019s \u2014 and also the region\u2019s \u2014 first factory for locally manufacturing ultrasound and MRI machines, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0HdMyjMz4tVAjQJdt82SmBrVpFw49YioF4FhLci67AGQeZPeTyXwitCr5f8MY94f4l\" style=\"\" rel=\"noopener\">statement<\/a>. The facility will produce 2.5k ultrasound units and 40-50 MRI systems annually, with a portion set for export to Africa. The site will house a total of 25 production lines covering other electronics, including telecom equipment and display screens, and is expected to create 3k direct and indirect jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Israel had only just resumed gas exports on Thursday after a six-day pause<\/p>\n","protected":false},"author":1,"featured_media":667287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,271,72,183,7115,131,343,991,287,123,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-central-bank-of-egypt","tag-enterpriseam","tag-fintech","tag-healthcare","tag-manufacturing","tag-regulation","tag-sme-development-authority","tag-smes","tag-startups","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"a02c310d-08e0-4678-adae-85921667c90a","order":"9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1276.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Israel presses pause on Egypt gas exports following US strikes on Iran. 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Chevron and Delek Drilling, which operate Israel\u2019s two biggest offshore reservoirs \u2014 the Tamar and Leviathan gas fields \u2014 will\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568794,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/israel-mulls-bumping-up-lng-exports-from-egypt\/","url_meta":{"origin":667286,"position":1},"title":"Israel mulls bumping up LNG exports from Egypt","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Israel mulls bumping up LNG exports from Egypt. Israel\u2019s Delek Drilling will decide this year whether to expand its natural gas exports via Egypt\u2019s LNG terminal or through a floating terminal, CEO Yossi Abu said, according to Reuters. Delek\u2019s options on the table are either using the Idku LNG plant\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/50.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591785,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/israeli-govt-green-lights-gas-exports-to-egypt\/","url_meta":{"origin":667286,"position":2},"title":"Israeli gov\u2019t green-lights gas exports to Egypt","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Israel green-lights gas exports to Egypt: Israeli Energy Minister Yuval Steinitz yesterday gave the all-clear for Israel to begin exporting natural gas to Egypt, paving the way for the first gas shipments to arrive next month, according to the Jerusalem Post. Steinitz called the USD 19.5 bn gas agreement \u201cthe\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548885,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/israeli-natgas-exports-surge-in-1h-2022\/","url_meta":{"origin":667286,"position":3},"title":"Israeli natgas exports surge in 1H 2022","author":"enterpriseam admin","date":"25 August 2022","format":false,"excerpt":"All the more gas for us to liquefy: Israeli natgas exports surged 35% y-o-y in the first six months of the year as production increased at its two biggest fields in the eastern Mediterranean, Bloombergreports. 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