Newsletter: FutureVerse LEAP’s comeback The fifth edition of the gathering offers a temperature check for the Gulf’s AI ambitions amid fallout from the US-Israel-Iran war. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Xi makes first Egypt visit in decade as Cairo gets caught in US-China AI row China's Huawei last month submitted a bid to build advanced AI data centers and supply more than 2,000 AI chips for Egyptian government systems. Egypt
Analysis How Ethiopia’s new dams test Egypt’s ability to defend its Nile red lines Ethiopia’s water minister has emphasized the country’s plans to move forward with new Blue Nile dam construction, leaving Egypt to contend with the potential fallout. By Eli Siegel-Bernstein
Newsletter: Business & Tech Iran keeps Hormuz reopening on hold Traffic in the Strait of Hormuz remained low, with only five commodity vessels transiting the waterway on Tuesday, according to data from maritime tracking firm Kpler. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Egypt’s non-oil exports up 20% at start of 2022 Egypt’s main exports are related to oil and the non-oil sector has been hurt by the war in Ukraine. Egypt
Culture Egypt to restore historic synagogue The Egyptian government announced the launch of restoration works at the Ben Ezra Synagogue in Old Cairo, as part of efforts to revive Jewish heritage and attract more tourists to the country. Egypt
Egypt, Russia discuss next steps for nuclear power plant Despite the ongoing war between Russia and Ukraine and sanctions imposed on Moscow, a Russian delegation visited Egypt to inspect the construction work at the Dabaa nuclear plant. Egypt
Egypt wants shipping agencies to deal in pounds amid dollar flight After Egypt’s currency devaluation in March, the Egyptian government hopes to ease the strain on its banking system by mandating that international shipping agencies accept Egyptian pounds instead of US dollars as payment. Egypt
Will sanctioned Russian oligarchs find haven in Egypt? Its current economic hardships may prompt Cairo to double down on investments with Russia. Egypt
UAE investments boost Egyptian economy The United Arab Emirates is seeking profits by investing $2 billion in Egyptian state-held stakes in some companies. Egypt
Egyptian Christians alarmed by murder of Alexandria priest The recent stabbing death of a priest in the northern coastal city of Alexandria has spread fear among Christians. Egypt
Fitch gives Egypt ‘stable’ debt rating, citing reforms Egypt is pursuing deregulation and tax reforms to some success, but the war in Ukraine has severely hurt the country’s economy. Egypt
Egyptians outraged over Israeli festivals in Sinai Two music festivals organized by Israel in the Sinai Peninsula have raised the ire of Egyptians as they coincided with the anniversary of the liberation of Sinai. Egypt
German bank to fund Aswan Dam, construction of solar plant in Egypt The Aswan Dam provides half of Egypt’s power supply. Egypt is also working to increase its use of solar power. Egypt
Egypt welcomes return of Qatari investments As Qatari money flows back into Egypt, the question now is how these potentially game-changing foreign investments will be directed. Egypt
