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 looks set to secure $1.1B EU loan to boost economic recovery The latest injection is part of a larger two-proposal package from the 27-state bloc to help the North African country's struggling economy. Egypt
Egyptian authorities arbitrarily arresting Sudanese, Amnesty says The alleged mass arrests and forced expulsions of Sudanese coincide with the raging war in Sudan, where fears of foreign interference are growing. Egypt
Egypt needs clean energy to shine after $50B bailout, but will it? Samuel Wendel In Washington, DC, reporting on regional business and tech
From Israel to Iran, Modi 3.0 eyes deepening of India's Middle East ties India refuses to be restricted by its former Cold War commitments; as with any other power or wannabe power, only self-interest matters, and the oil monarchies of the Gulf top India's list of friends in the region. Iran
With talks deadlocked, Egypt has only limited options on Rafah Israel's offensive in Rafah is testing its decades-old peace treaty with Egypt, which was outraged by its seizure of the Rafah crossing and the demilitarized Philadelphi Corridor between Gaza and Egypt. Egypt
UAE, Saudi, Iran, Egypt, Turkey FMs attend Russia's BRICS meeting The BRICS foreign ministers meeting focused on diplomatic developments related to the Gaza war and efforts to ditch the US dollar in international trade, among other matters. Egypt
Egypt's year-on-year inflation drops below 30% in first since January The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s inflation rate has maintained its downturn for the fourth consecutive month, dropping to 28.15% in May from 32.54% in April. Egypt
Blinken returns to Middle East in high-stakes push for Gaza cease-fire Secretary of State Antony Blinken arrived in the region to push for a cease-fire as the UN Security Council was set to vote on a US-drafted resolution supporting the deal. Israel
In Egypt, displaced Gazans organize in grassroots movements Despite a precarious life without rights or financial resources, displaced Gazans in Egypt are organizing themselves into grassroots movements to respond to community needs and send humanitarian aid to Gaza. Egypt
Blinken to return to Middle East in diplomatic blitz to end Gaza war Washington's top diplomat heads to Israel, Egypt, Jordan and Qatar next week as the Biden administration pressures Hamas and Israel to agree to a last-ditch cease-fire proposal to end the war and defuse a volatile border escalation between Israel and Hezbollah in Lebanon. Israel
Egypt’s foreign reserves hit record $46B on back of UAE, IMF deals Egypt’s foreign reserves have been boosted by a recent Emirati investment in the Ras El-Hekma coastal area, though the economy is still struggling with inflation. Egypt
