French automaker Renault signed on Monday a long-awaited joint venture deal with Iran worth 660 million euros ($779 million) to build up to 300,000 cars per year. The new deal puts Renault in partnership with Iran’s state Industrial Development and Renovation Organisation (IDRO) and private firm Parto Negin Naseh. Renault will hold a 60-percent stake with IDRO and Parto Negin Naseh 20 percent each. Source The Local
Egypt will not compromise or bow down to threats regarding its interests in the River Nile or its water rights, the country’s Foreign Minister Sameh Shoukry has said.
During his speech before the House of Representatives, on Tuesday, Shoukry added that Ethiopia has unilaterally started the filling of the Grand Ethiopian Renaissance Dam (GERD). Source Daily News
Thousands of users across the U.S. East Coast faced widespread internet outage from providers including Verizon Communications Inc on Tuesday, disrupting services offered by Google, Amazon, Zoom, Slack and other tech firms. Source Reuters
Some 300 companies have signed a pledge to help hundreds of thousands of maritime workers stranded aboard freight ships around the world because of Covid-19 restrictions. Source France 24
