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
Shipping giant Maersk to invest $500 million in Suez Canal The investment comes as the canal strives to go green following record-setting revenues. Egypt
Egypt to mobilize investments for climate projects ahead of COP27 The first regional forum organized by the Egyptian presidency of the UNFCCC COP27, among five forums aimed at encouraging investment in climate action, kicked off in Addis Ababa Aug. 2. Egypt
Saudi Arabia secures funding for electricity interconnection with Egypt Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power. Egypt
Saudi Arabia’s Public Investment Fund acquires stakes in Egyptian state-owned firms The acquisitions help make good on Saudi Arabia’s pledge to invest billions in Egypt. Saudi Arabia
Here's how the latest US rate hike will impact Egypt's economy A stronger US dollar will inevitably drive higher import costs, and subsequently prices, in the most populous Arab country, yet could eventually provide a boost to the local currency with an increase in exports. Egypt
Lavrov sidesteps Nile dam dispute in meetings in Egypt, Ethiopia Russia’s Foreign Minister Sergey Lavrov seems to have avoided the GERD issue, instead focusing on his country’s relations with Egypt, Ethiopia and other African countries. Egypt
Egypt creates independent fund for Suez Canal Egypt has established a new fund for the Suez Canal manage its own revenues independently. Egypt
Egypt-China ties strengthen with recent deals China is also getting closer to Saudi Arabia, Iran and other countries in the region, primarily through economic cooperation. Egypt
Downward spiral causes crash in Egypt’s gold prices Gold prices sharply dropped in Egypt amid a drop of global prices after the US Federal Reserve hiked interest rates. Egypt
Egypt, China expand climate cooperation ahead of COP27 As Egypt prepares to host the COP27 conference, it's getting help from China to transform Sharm el-Sheikh into a green city. Egypt
Egypt pins hopes on Russia-Ukraine grain agreement Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative. Egypt
Culture Egypt renovates one of Sinai's oldest monasteries Restoring the previously neglected monuments in the Sinai in one way to revitalize tourism, especially religious tourism. Egypt
