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 official says Suez Canal 'not for sale' amid fears of foreign investment The chairman of Egypt's Suez Canal Authority has responded after a parliamentary session discussing a private fund linked to the waterway sparked widespread criticism. Egypt
Egypt raises interest rates to end 2022 Inflation continues to increase in Egypt and the Central Bank is uncertain about 2023. Egypt
Culture Egypt's few remaining Jews celebrate Hanukkah Hanukkah was celebrated amid tight security in Cairo's Meyr Biton Synagogue. Yet Magda Haroun, head of Egypt's tiny Jewish community, looks forward to the day when all of Egypt's synagogues will be open for prayer and celebrations. Egypt
China emerges as lead funder for Egypt's new administrative city This month, President Xi reaffirmed China’s commitment to the project in a meeting with Egypt's president on the sidelines of a Saudi summit. But that commitment may be tested in the coming months as Egypt’s loans come due. Egypt
Large gas field discovery brings Egypt closer to energy hub goal A newly discovered gas field is making Egypt's energy exporter hub vision more of a reality. Egypt
Egypt’s Sisi gets warm welcome at Pentagon as Cairo assumes naval role Egypt took charge of Combined Task Force 153 on Monday as the Pentagon seeks to economize its footprint in the Middle East. Egypt
World Bank says debt increasing in Middle East countries Egypt, Iran and Turkey’s debt rose significantly last year. Legacy: Gulf
Egypt’s trade with Nile Basin countries jumps amid Ethiopia dam crisis Cairo’s exports and imports with the region increased substantially in 2021, but they still represent a small portion of the total and growth remains uneven. Egypt
Biden rebooting relations with Africa at summit, ahead of 2023 visit Countries in the region have received little attention from US officials in the run-up to the meeting, as Washington neglected the continent and is lagging in its influence compared to Russia and China. Egypt
Egypt’s non-oil private sector records two years of contraction The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020. Egypt
In press freedom index, Middle Eastern countries go from bad to worse Press freedom and journalist safety remain “very bad” in the majority of the Middle East and North Africa nations, Reporters Without Borders' 2022 index shows. Syria
Culture Egyptian cafes see higher revenues during World Cup The World Cup in Qatar has boosted revenues of Egyptian cafes, as many supporters flock there to watch the games, due to the increasing subscription of beIN Sports channel. Egypt
