Daily brief
Turkish President Recep Tayyip Erdoğan thanked his Saudi counterpart, Crown Prince Mohammed bin Salman, after a major investment deal survived a late-night negotiation collapse. The agreement, which includes a $2 billion Saudi investment in Turkish solar projects, was finalized during a high-level forum in Riyadh. The deal is seen as a significant step in bolstering economic ties between the two regional powers.
Egypt and Turkey announced their bilateral trade has risen to $6.8 billion, with both governments aiming to boost diverse investments and forge a stronger economic bloc (ongoing coverage).
The US plans to establish price floors for critical minerals in an effort to counter China's dominance in the rare earths market.
Telekom and Nvidia have opened a massive AI data center in Munich, equipped with 10,000 graphics processors.
The UK government plans to build new nuclear reactors to meet the rising energy demands of the artificial intelligence boom.