Newsletter: Business & Tech Gulf investors eye payday ahead of SpaceX IPO The IPO could leave Saudi investors holding a combined stake worth well over $15 billion in one of the world’s most coveted technology companies. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Egypt, Turkey push energy ties in Azerbaijan talks amid Hormuz crisis Egypt and Turkey are moving to deepen energy cooperation as Iran’s de facto blockade of the Strait of Hormuz disrupts Gulf energy flows, increasing the significance of Eastern Mediterranean energy infrastructure. Turkey
Newsletter: Daily Briefing Iran attack on Kuwait airport kills one, halts flights Iran’s attacks reach Kuwait, a US veto rattles Netanyahu and Egypt signals its unease with Syria’s new leadership. By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Analysis Pushed out of Sahel, Macron turns to Egypt and Africa's anglophone countries By Rina Bassist , Rosaleen Carroll
Egyptian authorities arbitrarily arresting Sudanese, Amnesty says The alleged mass arrests and forced expulsions of Sudanese coincide with the raging war in Sudan, where fears of foreign interference are growing. Egypt
Egypt needs clean energy to shine after $50B bailout, but will it? Samuel Wendel In Washington, DC, reporting on regional business and tech
From Israel to Iran, Modi 3.0 eyes deepening of India's Middle East ties India refuses to be restricted by its former Cold War commitments; as with any other power or wannabe power, only self-interest matters, and the oil monarchies of the Gulf top India's list of friends in the region. Iran
With talks deadlocked, Egypt has only limited options on Rafah Israel's offensive in Rafah is testing its decades-old peace treaty with Egypt, which was outraged by its seizure of the Rafah crossing and the demilitarized Philadelphi Corridor between Gaza and Egypt. Egypt
UAE, Saudi, Iran, Egypt, Turkey FMs attend Russia's BRICS meeting The BRICS foreign ministers meeting focused on diplomatic developments related to the Gaza war and efforts to ditch the US dollar in international trade, among other matters. Egypt
Egypt's year-on-year inflation drops below 30% in first since January The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s inflation rate has maintained its downturn for the fourth consecutive month, dropping to 28.15% in May from 32.54% in April. Egypt
Blinken returns to Middle East in high-stakes push for Gaza cease-fire Secretary of State Antony Blinken arrived in the region to push for a cease-fire as the UN Security Council was set to vote on a US-drafted resolution supporting the deal. Israel
In Egypt, displaced Gazans organize in grassroots movements Despite a precarious life without rights or financial resources, displaced Gazans in Egypt are organizing themselves into grassroots movements to respond to community needs and send humanitarian aid to Gaza. Egypt
Blinken to return to Middle East in diplomatic blitz to end Gaza war Washington's top diplomat heads to Israel, Egypt, Jordan and Qatar next week as the Biden administration pressures Hamas and Israel to agree to a last-ditch cease-fire proposal to end the war and defuse a volatile border escalation between Israel and Hezbollah in Lebanon. Israel
Egypt’s foreign reserves hit record $46B on back of UAE, IMF deals Egypt’s foreign reserves have been boosted by a recent Emirati investment in the Ras El-Hekma coastal area, though the economy is still struggling with inflation. Egypt
Egypt sees change of government amid inflation, living costs woes Egyptian President Abdel Fattah asked Prime Minister Mustafa Madbouly to form a new government following the fourth cabinet reshuffle since 2018. Egypt
For the day after, a 3-phase Gaza plan toward a two-state solution The stark options before Israelis and Palestinians today are to continue to fight each other or to agree on a plan to achieve the timely fulfillment of a two-state solution. Egypt