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 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
Egypt-Lebanon gas deal awaits US decision on Syria sanctions A State Department spokesperson said the administration will review the final contracts and financing terms to address any sanctions concerns. Lebanon
