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
China's Xi to visit Egypt for first time in decade as military, Huawei ties grow The visit comes as Chinese telecoms giant Huawei seeks to supply more than 2,000 advanced AI chips for Egyptian government data centers. Egypt
Eni presses ahead with Egypt gas projects as war raises investment risks Egyptian President Abdel Fattah el-Sisi met with Eni CEO Claudio Descalzi on Tuesday, with the Italian energy giant revealing it could make a crucial investment decision in coming months. Egypt
China holds second air drill with Egypt: What to know China is seeking to strengthen ties with Egypt and Gulf states, including via joint air drills. Egypt
Analysis How Israel's rivalry, defense deals prompted Turkey to join Mecca pact By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Newsletter: Daily Briefing Israel moves against West Bank settlers after Huckabee criticism By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
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
Russian Orthodox Church builds on links with Egyptian Copts Egypt's Giza governorate now hosts an administrative and spiritual center for the Russian Orthodox Church. Egypt
