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
Egypt to issue bonds in China’s currency yuan The US dollar may be losing its dominance in the Middle East to the yuan. Egypt
Egypt looks further afield for wheat Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies. Egypt
Culture Egypt restores massive statue of King Thutmose II Within the scope of the Ministry of Tourism and Antiquities’ efforts to restore monuments and paintings at the Karnak Temple complex in Luxor, the Supreme Council of Antiquities completed the restoration work of the statue of King Thutmose II on the southern facade of Karnak. Egypt
Cairo evicts Nile island residents for development project Egyptian security forces and residents of the Nile River's Warraq Island are clashing as the government tries to evict them as part of a development plan. Egypt
Egypt hosts five-state Arab summit The recent summit hosted by Egypt between the leaders of five Arab countries may serve as a prelude to more joint action on security and economic development. Egypt
Egypt rethinks water strategy, starting with new irrigation minister Egyptian President Abdel Fattah al-Sisi has appointed a new irrigation minister with wide experience in water resources in the context of the Nile crisis. Egypt
Egypt attracting more investment from Arab states Saudi Arabia and the UAE have invested heavily in Egypt recently, and Qatar may soon follow. Egypt
Israel to invest more in Egyptian renewable energy projects Israel plans to invest more in the field of power generation with renewable energy in Egypt, after two Israeli companies announced a major plan to carry out several projects to this effect. Egypt
South Korea to work with Russia on Egypt’s first nuclear power plant The move further cements Egypt and South Korea’s strong economic and defense ties. Egypt
Egypt builds virtual hospital to reach remote Sinai patients Cairo is building a virtual hospital connected to mobile clinics to serve the Bedouin communities in South Sinai. Egypt
Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas. Egypt
UAE more than doubles investment in Egypt Egypt is seeking to sell state companies, which has attracted Gulf investors. Egypt
