Middle East / Africa
Egypt’s PMI suggests business outlook will improve
The country's non-oil PMI is the highest since August 2021
EgyptFood prices have likely entered a higher ‘new normal’
World food prices continued to ease in June, led by cereal and meat, although remain far above 2013-18 levels
InternationalANC dominance poses risks to South Africa government
The new government appears more reform-minded but sees the ANC retain control of most key ministries
South AfricaTies between Bahrain and Iran will improve slowly
Talks to restore diplomatic ties between Bahrain and Iran will progress but economic relations will evolve more slowly
BahrainEgypt's cabinet will focus on investments, IMF reforms
A wide government reshuffle introduces new ministers of finance, oil, electricity and supply among others
EgyptTurkey will seek to be the world’s mediator
The presidents of Turkey and Russia met during the Shanghai Cooperation Organisation summit in Astana
TurkeyIran-Turkmenistan gas swap could face US sanctions
A new swap deal allowing Turkmen gas to be exported to Iraq through Iran could face pressure from Washington
IranCorruption inquiry may strain Chad's ties with France
Paris prosecutors have begun an investigation over the use of Chadian public funds to purchase luxury clothing in France
Chad
