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Cyprus Joins the Global Space Age: Signing the Artemis Accords for Peaceful Space Exploration

In a bold leap toward the future, Cyprus has officially joined the Artemis Accords, marking a significant milestone in the nation’s journey into space exploration. Deputy Minister of Research, Innovation, and Digital Policy, Dr. Nicodemos Damianou, signed the historic agreement at the Presidential Palace, connecting live with NASA in the United States.

The Artemis Accords, which have been endorsed by over 40 nations, set a framework for the peaceful and cooperative exploration of outer space. These principles align with global efforts to ensure that space activities, from scientific research to resource utilization, benefit all humanity. Cyprus, a growing player in technological innovation, has now firmly placed itself among the countries dedicated to this vision.

Dr. Damianou emphasized the importance of this moment, noting that Cyprus is taking concrete steps to expand its focus on satellite communications and earth observation technologies. He also stressed the necessity of international cooperation, recognizing that space exploration must transcend borders and disciplines. Cyprus sees space as a new frontier for economic diversification and future value creation, with the potential to inspire future generations.

This signing also cements the relationship between Cyprus and the United States in the field of science and technology. James O’Brien, U.S. Assistant Minister of Foreign Affairs, celebrated the first strategic dialogue between the two nations, underscoring the shared commitment to education and scientific advancement in space. NASA’s associate administrator Jim Free called it a “golden age of space,” highlighting how these partnerships will help break barriers and preserve the space environment for future generations.

For Cyprus, this step into the space sector not only strengthens its ties with international partners but also positions the country as a key player in the rapidly growing Mediterranean space hub. As the world looks to the stars, Cyprus has signaled its commitment to being part of the next great chapter in human exploration.

By joining the Artemis Accords, Cyprus is not just participating in a space mission—it is taking a visionary step towards future prosperity, aligning with the global effort to unlock the vast possibilities of space for the benefit of all.

Egypt’s Suez Canal Economic Zone Draws $8.1B In Investments Through 255 Projects

Egypt’s Suez Canal Economic Zone (SCZone) has secured an impressive $8.1 billion in investments across 255 projects in the last 30 months, according to an official announcement on Monday.

Major Investment Boost For SCZone

The General Authority for the SCZone has successfully attracted 251 projects in its industrial zones and ports, accumulating $6.2 billion in capital investments, which has resulted in around 28,000 new jobs, as stated by SCZone Chairman Walid Gamal El-Din.

Additionally, four new projects have brought in $1.8 billion in investments, boosting the total capital inflows within the zone. These developments were discussed in a meeting with Mohamed Zaki El Sewedy, Chairman of the Federation of Egyptian Industries (FEI), and other officials from various chambers of commerce.

Strengthening Industrial Ties And Opportunities

The meeting focused on expanding investment prospects, fostering collaboration, and addressing challenges faced by industrial firms with strong export potential. A key objective was to encourage businesses to scale up their operations within the SCZone, leveraging its prime location, advanced infrastructure, and investor-friendly policies.

El-Din stressed the importance of the SCZone in driving Egypt’s economic growth and industrial transformation, citing the Ain Sokhna Integrated Industrial Zone as a flagship example of development. This zone is a testament to Egypt’s growing presence as a competitive global manufacturing hub.

The continued partnership between the SCZone and the private sector, El-Din noted, plays a pivotal role in building a strong ‘Made in Egypt’ brand, supporting local industrial development, and boosting innovation to improve Egypt’s position in global markets.

Acknowledging Achievements And Future Collaboration

El Sewedy praised the SCZone for its efforts in creating a robust investment climate, offering comprehensive services, incentives, and cutting-edge infrastructure. This meeting marked the beginning of a deeper collaboration between the SCZone and FEI, setting the stage for future joint initiatives.

Egypt’s Economic Outlook

Egypt’s economy is projected to grow by 4% in the year leading up to June, bolstered by supportive measures from the IMF, according to a Reuters poll conducted in January 2025. The poll also forecasts a GDP growth acceleration to 4.7% in 2025-26 and 5% in 2026-27.

However, the country’s GDP growth slowed to 2.4% in 2023-24, down from 3.8% in the previous year, primarily due to the ongoing currency crisis and the geopolitical impact of the war in neighboring Gaza, according to the Central Bank of Egypt.

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