Good afternoon, friends. We’ve got a lighter issue for you today, both in length and weight.

THE BIG STORY TODAY

President Abdel Fattah El Sisi is in Doha to attend an Arab-Islamic summit to discuss Israel’s airstrike on the Qatari capital, which killed five Hamas officials and one Qatari security official, according to an Ittihadeya statement. El Sisi is set to deliver a speech during the summit laying out Egypt’s approach and its commitment to regional security and stability.

The president will also be busy on the sidelines of the conference, with several bilateral meetings to discuss joint cooperation and coordination, according to the statement.

Mark your calendar for the 2025 EnterpriseAM Egypt Forum, our flagship forum and part of our must-attend series of invitation-only, C-suite-level gatherings. Tap the image to register your interest to attend and here to visit the website and keep up to date on the agenda and speaker lineup. Want to partner with us? Reach out to Moustafa Taalab at mtaalab@enterprisemea.com to explore sponsorship opportunities.

THE BIG STORY ABROAD

China’s market regulator ruled earlier today that Nvidia violated the country’s anti-monopoly laws, marking the latest escalation in the ongoing tech war between Beijing and Washington. China had originally approved Nvidia’s 2020 acquisition of the Israeli networking company Mellanox Technologies, but found during its investigation that the US chip giant had breached commitments made during the USD 7 bn deal. Nvidia’s shares fell approximately 2% in premarket trading following the announcement.

The ruling comes at a particularly sensitive time, as US and Chinese officials were engaged in their second day of trade negotiations in Madrid. The talks, which lasted nearly six hours on Sunday, covered issues including TikTok’s future, tariffs, and the broader economic relationship between the world’s two largest economies. Adding to the tensions, China launched separate investigations over the weekend into US semiconductor imports, including an anti-dumping probe targeting chips made by companies like Texas Instruments.

Nvidia caught in the middle: The chip manufacturer has found itself at the center of US-China tech competition due to its dominance in AI chips essential for developing AI services, from Meta’s platforms to China’s DeepSeek. The US government banned Nvidia from selling its most advanced H100 chips to China citing national security concerns, prompting the company to redesign chips multiple times to comply with US regulations, agreeing to give up 15% of income made in China to the US government to maintain access to the Chinese market. (CNBC | Bloomberg | New York Times)

☀️ TOMORROW’S WEATHER- The capital will be seeing slightly cooler weather tomorrow, with the mercury set to rise to 33°C before dropping to 24°C at night, according to our favorite weather app.

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