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
Culture New Egyptian group seeks to defend men's rights in divorce The first association defending men’s rights was recently established in Egypt, in light of the growing calls of women’s movements and organizations to grant women wider rights in the personal status law, which is currently under the amendment. Egypt
Egypt plans to use ruble in trade with Russia Egypt and Russia seek to switch to local currencies in their trade transactions to overcome obstacles created by Western sanctions on Moscow over the Ukraine war. Egypt
Egypt, Turkey hold firm on interest rates Turkish President Recep Tayyip Erdogan is adamantly opposed to raising interest rates, but some observers expected Egypt to raise rates in line with Gulf banks and the US Federal Reserve. Egypt
Egypt's Sisi, Arab leaders coordinate positions ahead of Biden visit Egyptian President Abdel Fattah al-Sisi has been meeting with several Arab leaders in the lead-up to US President Joe Biden’s visit to the Middle East slated for mid-July. Egypt
Egypt, Saudi Arabia sign economic agreements worth $7.7 billion Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis. Egypt
Egypt participates in Russian economic forum Egyptian President Abdel Fattah al-Sisi delivered a virtual speech at the opening session, stressing the need to find "effective solutions" to the global economic crisis. Egypt
Egypt looks for upsurge in tourists from sanctions-hit Russia Cairo and Moscow are holding talks to allow the Russian payment system MIR in Red Sea resorts. Egypt
Egypt looks to Somalia for more influence in Red Sea, Nile dam dispute Egypt Prime Minister Mostafa Madbouly attended the inauguration of new Somali President Hassan Sheikh Mahmoud, who faces a wide array of challenges. Egypt
Egypt’s car industry suffers under dollar crisis Car prices experienced a steep spike in Egypt over the past months as the dollar rose against the Egyptian pound and import restrictions were imposed amidst a decline in supply and a redirection of Egypt’s market shares to other countries. Egypt
Egypt, Congo boost ties with electricity deal Egypt and the Democratic Republic of the Congo agreed to partner in the field of electricity as part of Egypt’s plan to boost its presence in the African continent amid the stalled talks on the Grand Ethiopian Renaissance Dam crisis. Egypt
Egypt looks for boost from gas deal with Israel, EU The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas. Egypt
Saudi Arabia’s ACWA Power to develop wind project in Egypt Wind power is slowly growing in the Middle East and North Africa, including in the oil-rich Gulf. Legacy: Gulf
