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
Nearly 600 Americans stuck in Gaza amid Egypt talks over Rafah, aid Egyptian officials said they will not allow foreigners to exit Gaza via the Rafah border crossing until an agreement on aid deliveries is reached, according to reports. Palestine
Egypt, wary of influx of Gaza refugees into Sinai, rallies behind Palestinians Egyptian officials are racing against time to stop the escalating war between Israel and Hamas, while Cairo is concerned that the escalation may extend to its borders with Gaza. Egypt
Analysis Can UAE's currency swap offer Egypt's spiraling economy some respite? The arrangement is expected to relieve some pressure on Cairo’s foreign currency reserves, secure FX liquidity and bring stability to the exchange rate with Abu Dhabi. By AL-MONITOR Staff
Egypt’s economy teeters following Moody's downgrade Egypt is suffering from high inflation, foreign currency shortages and an IMF-supported currency devaluation as President Abdel Fattah al-Sisi seeks reelection. Egypt
Egypt's economy hit with downgrades as Sisi seeks third term Egypt continues to reel from high inflation, a weak exchange rate and more. Rare protests occurred in the country following President Abdel Fattah al-Sisi’s reelection bid announcement. Egypt
Meeks urges pause on US military aid to Egypt in wake of Menendez indictment Rep. Gregory Meeks on Friday sought a hold on more than $200 million in Egypt's military financing over human rights concerns. Egypt
Sen. Cardin 'looking at options' as calls grow to block US military aid to Egypt Sen. Ben Cardin told reporters on Thursday he expects to make a decision soon on whether to use his new authority as Senate Foreign Relations Committee chairman to hold up a fraction of Egypt's annual military assistance. Egypt
US military aid to Egypt under scrutiny amid Menendez bribery charges The federal corruption indictment against the New Jersey Democrat comes just over a week after the Biden administration said it would release restricted military aid to Egypt. Egypt
QatarEnergy, BP, others snap up Egyptian oil and gas concessions Four blocks have been awarded one day into international bidding for the exploration of Egypt's 23 open oil and gas blocks. Egypt
Menendez ignores calls to resign as alleged Egypt bribery ties get exposed The US Senate’s top foreign relations lawmaker struck a humbler note on Monday but remained defiant after federal prosecutors alleged he took bribes in exchange for facilitating US foreign arms sales and passed sensitive US government information to Egypt. Egypt
China builds reach by backing Middle East water projects In its latest financial deal, China has agreed to provide a new credit facility to expand Saudi Arabia's water generation and power portfolio. Legacy: Gulf
