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US Expands Energy Collaboration With Greece to Reinforce Strategic European Security

Strategic Energy Realignment

During a pivotal visit to Athens, US Interior Secretary Doug Burgum underscored America’s determination to widen its energy partnerships, notably with Greece. This initiative is designed to enhance energy abundance among allies while curbing the influence of adversaries by limiting Europe’s reliance on Russian oil and gas supplies.

Tactical Energy Partnerships

In recent days, Burgum has worked across Europe to secure energy deals that align with broader strategic objectives. In Athens, he met with Prime Minister Kyriakos Mitsotakis to articulate a clear US agenda: to provide reliable energy options for Western allies, thereby reducing the necessity to purchase from competitive geopolitical rivals. The discussions come amid Greece’s announcement of a consortium bid—including industry leader Chevron—to explore natural gas opportunities in its waters.

Mitigating Russian Leverage

The initiative gains additional weight in the context of rising measures that have dramatically cut EU oil imports from Russia by 90%, despite some exceptions. With Europe currently reducing its dependency on Russian energy—from 45% of its gas supply pre-2022 to roughly 13% this year—the US strategy is to further accelerate the transition away from fossil fuels that finance Moscow’s geopolitical ambitions.

Regional Implications and Future Prospects

Greece’s energy landscape is in rapid transformation, marked by a 95% increase in US liquefied natural gas imports in the first half of the year. Moreover, a 2019 maritime agreement, though controversial, has bolstered Greece’s stance on its offshore boundaries, especially as Chevron expresses interest in blocks near Crete. These developments not only solidify American support for Greece’s territorial claims but also signal a recalibration of regional energy dynamics.

This strategic realignment underscores a broader US commitment to exporting its shale gas and oil reserves, thereby offering an effective counterbalance to Russian energy power in Europe and reinforcing economic stability for its allies.

FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.

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