{"id":712221,"date":"2026-06-21T00:00:00","date_gmt":"2026-06-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=712221"},"modified":"2026-06-21T12:09:40","modified_gmt":"2026-06-21T12:09:40","slug":"vance-arrives-in-switzerland-for-iran-talks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/vance-arrives-in-switzerland-for-iran-talks\/","title":{"rendered":"Vance arrives in Switzerland for Iran talks"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, fri<\/strong><strong>ends, and welcome back \u2014 hope the long weekend treated you well.<\/strong> We\u2019re easing into the week with something worth chewing on: a look at <strong>how Egypt\u2019s founders are actually using AI inside their businesses<\/strong>, from hiring decisions to contract negotiations. Spoiler \u2014 it\u2019s further along than the country\u2019s global rankings would suggest. We also have a podcast recommendation for anyone still in a long-weekend state of mind and <strong>a full recap of the weekend\u2019s World Cup action<\/strong>, plus tonight\u2019s fixtures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But first, as usual, the news\u2026<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> \ud83c\udf10 <strong>More of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/\" style=\"\">same headlines<\/a><\/strong><strong> are dominating the digital <\/strong><strong>newsfronts this afternoon<\/strong> \u2014 here\u2019s the latest: US Vice President JD Vance arrived in Switzerland for talks with mediators, but left reporters with more questions than answers ahead of discussions with Iranian officials. Vance declined to comment on issues ranging from negotiations with Tehran to his stance on Israel\u2019s actions in Lebanon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the scenes, however, tensions are building.<\/strong> The Trump administration has grown increasingly critical of Israel\u2019s campaign in Lebanon, warning that strikes against Hezbollah risk marring the peace agreements with Iran. Vance had said earlier that the US and Israel may be approaching the conflict from different angles, telling Fox News that the two allies could have \u201ca divergence\u201d over how to achieve their goals. He also cautioned that Israel should be careful not to target its most important ally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^Read more on: <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2026\/06\/21\/world\/live-news\/iran-war-trump-israel-lebanon?t=1782039089034\" style=\"\">CNN<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwyekkwm1mmo\" style=\"\">BBC<\/a>, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2026\/jun\/21\/us-iran-talks-jd-vance-switzerland-strait-of-hormuz-lebanon\" style=\"\">The Guardian<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/us-disputes-iranian-claims-about-closing-strait-hormuz-negotiators-head-2026-06-20\/\" style=\"\">Reuters<\/a>, and <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/iran-vance-trump-nuclear-negotiations-2edf9268aae550883252080014013963\" style=\"\">Associated Press<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> <strong>UK Prime Minister Keir Starmer is<\/strong><strong> widely expected to resign as soon as tomorrow.<\/strong> Starmer is facing questions over his leadership after rival Andy Burnham secured a seat in parliament. The prime minister is said to be considering the \u201cpolitical realities\u201d ahead, following mounting pressure from Labour MPs pushing for a leadership change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^Read more on: <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uk\/uk-business-minister-says-he-has-no-reason-think-pm-starmer-will-resign-monday-2026-06-21\/\" style=\"\">Reuters<\/a>, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/politics\/live\/2026\/jun\/21\/keir-starmer-expected-resign-resignation-monday--andy-burnham-makerfield-labour-uk-politics-latest-news-updates\" style=\"\">The Guardian<\/a>, and <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2026\/06\/18\/uk\/makerfield-by-election-results-labour-burnham-reform-intl-hnk\" style=\"\">CNN<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE BUSINESS PRESS-<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a0dd4ea7-ef3d-4460-a96c-8c6975a053e3?syn-25a6b1a6=1\" style=\"\">Financial Times<\/a> reports that SpaceX was awarded the lowest possible environmental, social, and governance (ESG) rating \u2014 a triple-C \u2014 by index provider MSCI just one day before the company\u2019s record USD 75 bn IPO earlier this month. This places the company on par with Russia\u2019s sovereign rating in the wake of its 2022 Ukraine invasion.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** <\/strong><strong>CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>The gov\u2019t will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/\" style=\"\">receive EUR 1.5 bn from the European Union<\/a><\/strong><strong> this month to support its economic reform agenda.<\/strong> The tranche brings the total disbursed macro-financial assistance to EUR 3.5 bn out of the EUR 5 bn pledged. The partnership also includes EUR 1.8 bn in investment agreements and EUR 600 mn in grants;<\/li>\n<li><strong>The European Investment Bank is currently weighing <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/\" style=\"\">financing for two major renewable energy projects<\/a><\/strong><strong> in the country <\/strong>that will add a combined 1.6 GW of clean power to the national grid. These include Dubai-based Alcazar Energy\u2019s twin 250 MW onshore wind farms near Ras Ghareb and Norwegian renewables giant Scatec\u2019s 1.1 GW Dandara solar plant \u2014 which comes paired with a large-scale battery storage system \u2014 in Qena;<\/li>\n<li><strong>The Oil Ministry is targeting its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/\" style=\"\">largest Mediterranean exploration drilling program<\/a><\/strong><strong> yet in 2026<\/strong>, including 14 new wells and more than USD 1 bn in expected investment. The Med push is part of a wider 2026 exploration program targeting a total of 101 wells across the country\u2019s oil and gas blocks, with a total expected investment of USD 1.3 bn;<\/li>\n<li><strong>The Egyptian National Railways <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/\" style=\"\">signed four contracts worth EUR 690 mn (c. EGP 39.5 bn) with an Alstom-led consortium<\/a><\/strong><strong> to modernize two of our most critical freight and logistics rail corridors.<\/strong> The consortium will tackle the 6th of October-Alexandria corridor and the Belbes-10th of Ramadan line.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u2600\ufe0f <strong>TOMORROW\u2019<\/strong><strong>S WEATHER-<\/strong> Cairo\u2019s experiencing unusually nice weather tomorrow, with a high of just 33\u00b0C and a low of 23\u00b0C. As for the North Coast, it\u2019s set to be a beautiful and sunny day with a high of 29\u00b0C and a low of 22\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and welcome back \u2014 hope the long weekend treated you well. We\u2019re easing into the week with something worth chewing on: a look at how Egypt\u2019s founders are actually using AI inside their businesses, from hiring decisions to contract negotiations. Spoiler \u2014 it\u2019s further along than the country\u2019s global rankings would suggest. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":712222,"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":[7213],"tags":[633,716,117,7263,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-712221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-iran","tag-us","tag-war","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"bf8deaf9-376c-4ab6-9b58-a6dd8f66b2ac","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/6\/1116.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Vance arrives in Switzerland for Iran talks","related_issue":[712219],"teaser":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vance arrives in Switzerland for Iran talks - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/vance-arrives-in-switzerland-for-iran-talks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vance arrives in Switzerland for Iran talks\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and welcome back \u2014 hope the long weekend treated you well. We\u2019re easing into the week with something worth chewing on: a look at how Egypt\u2019s founders are actually using AI inside their businesses, from hiring decisions to contract negotiations. Spoiler \u2014 it\u2019s further along than the country\u2019s global rankings would suggest. 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We\u2019re racing towards the final stretch of the week and into the weekend.THE BIG STORY TODAY- Israel may restart natural gas supplies to Egypt as early as Thursday, but domestic demand will continue to take priority over exports, Bloomberg reports, citing Israeli Energy Minister Eli Cohen.BACKGROUND- Over\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/978.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":692715,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/09\/egypts-urban-inflation-hits-15-2-in-march-as-energy-and-currency-pressures-mount\/","url_meta":{"origin":712221,"position":1},"title":"Egypt's urban inflation hits 15.2% in March as energy and currency pressures mount","author":"enterpriseam admin","date":"9 April 2026","format":false,"excerpt":"Howdy, friends, and kudos to all of us for making it to the weekend \u2014 which means alarmfree sleep until Tuesday for many of you, we hope. 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In today\u2019s issue, we\u2019re taking a close look at how AI is changing education and how Egyptian educators are responding. Looking for an emotional, introspective read? We\u2019ve\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1553.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":695842,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/23\/us-navy-secretary-ousted-as-pentagon-leadership-clash-and-iran-blockade-intensify\/","url_meta":{"origin":712221,"position":3},"title":"US Navy secretary ousted as Pentagon leadership clash and Iran blockade intensify","author":"enterpriseam admin","date":"23 April 2026","format":false,"excerpt":"\ud83c\udf7f Good afternoon, friends, and hats off to you for making it to the weekend. It\u2019s been a busy week and we\u2019re looking forward to unwinding \u2014 that starts now. 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In today\u2019s edition, we\u2019re taking a look at the Egyptian designers who showcased their work at Milan Design Week, check out Prime Video\u2019s latest hit starring Riz Ahmed,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/181.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":667384,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/24\/ascom-eyes-rayas-90-stake-in-ostool\/","url_meta":{"origin":712221,"position":5},"title":"ASCOM eyes Raya\u2019s 90% stake in Ostool","author":"enterpriseam admin","date":"24 June 2025","format":false,"excerpt":"Good afternoon, everyone. We\u2019re racing towards the final stretch of the week and into the long weekend. 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