Egypt faces a deepening energy crisis as natural gas production crashes 39%, forcing a return to costly LNG imports and the unpopular decision to use polluting fuel oil. With multinationals like Chevron exiting failed exploration blocks and summer blackouts looming,...
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U.S. Trade Policy Is Accelerating China–North Africa Economic and Defense Engagement
U.S. trade tariffs are accelerating China’s push into developing economies, with North Africa emerging as a key frontier. From a $265 million phosphate plant in Egypt to multi-billion-dollar industrial agreements in Algeria and renewed commercial diplomacy in Libya,...
Syria’s New Ruler Faces Jihadist Rebellion and Internal Strife
Ahmed Al-Charaa, once a top jihadist leader, now rules Syria after toppling Bashar al-Assad. But his grip on power is fragile. While rebranding himself as a moderate, he faces opposition from the Islamic State, which sees him as an apostate, and from former allies who...
Could Syria Avoid a Repeat of the Libyan Disaster: Opinion by Arezki Daoud
By Arezki Daoud: What is happening in Syria cannot leave us insensitive to the plight of the Syrian people, who have endured decades of abuse from the Assad family and its cronies. From the father Hafad al-Assad to his son Bachar al-Assad, the Syrian people...
Egypt: Efforts at a National Dialogue Undermined by an Unhinged Political Police
Egypt is sending mix signals on its human rights records. Some in Cairo’s political system are trying hard to project the image of an Egypt complying with international human rights standards, but the security apparatus remains active in undermining those efforts and...
Egypt Gets Massive Injections of Cash, but Outlook is Still Shaky
By Arezki Daoud | LinkedIn | Egypt has many powerful allies, including those in the global financial sector. No one wants to see it collapse, so money is flowing in a-go-go. Despite a dismal economic performance, global rating agencies, which acknowledge that Egypt is...
Egypt: Challenged Energy Sector Faces Another Brutal Summer
Egypt faces a deepening energy crisis as natural gas production crashes 39%, forcing a return to costly LNG imports...
U.S. Trade Policy Is Accelerating China–North Africa Economic and Defense Engagement
U.S. trade tariffs are accelerating China’s push into developing economies, with North Africa emerging as a key...
Egypt Gets Massive Injections of Cash, but Outlook is Still Shaky
By Arezki Daoud | LinkedIn | Egypt has many powerful allies, including those in the global financial sector. No one...
Egypt’s economy hit hard by Houthis’ attacks on commercial vessels in the Red Sea
The US and the UK hitting Houthi targets in Yemen is largely the result of a sense of panic taking place in commercial...
JPMorgan de-lists Egypt from its Emerging Market Bond Index (S)
Egypt: After wishing each other a happy new year, Egyptians see price hikes that will make 2024 not such a happy year
Bread has always been a source of concern for rulers and leaders. When their prices increase, watch out for the public...
Egypt: Sisi wants to be reelected ASAP, before switch to flexible exchange rate that could exacerbate social tensions
Egypt will hold a presidential vote on December 10-12, the election authority said Monday, with the winner to be...
Ethiopia, Egypt and Sudan resume Nile dam talks
Ethiopia said Saturday it had begun a second round of talks with Egypt and Sudan over a controversial mega-dam built...
How Egypt’s road infrastructure investments are ruinous and destructive
Photo by Mostnir Shady Ahmed: In the decade since President Abdel Fattah al-Sisi seized power, Egypt has built dozens...
Egypt: Suez Canal traffic resumes after broken down tanker tugged away
Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused brief delays in the ...
Egypt: Cargo ship briefly grounded in Egypt’s Suez Canal
A cargo ship ran aground Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting traffic,...
Egypt: Generosity brings people together in Egypt amid Ramadan’s soaring food prices
By Bahira Amin: In a time of dire economic trouble, Egyptians are holding fast to the Ramadan tradition of charity,...
Egypt to sell citizenship for money to compensate for bankrupt economy
Egypt announced Wednesday it is offering citizenship to foreign investors willing to spend at least $250,000 in the...
Egypt to build high-speed rail link
French company NGE announced Thursday it had been awarded a contract to build Egypt's first high-speed rail link, a...
Egypt: Sisi visits India, paves way for greater bilateral cooperation
Egypt and India announced Thursday a "strategic partnership" to increase trade by billions of dollars and strengthen...
Egypt: Channeling more than 1.4 billion tons of cargo, Suez Canal sees revenues up 77% in 2022
Egypt's Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in transit fees...
Egypt faces major risks this year as economy continues to fall apart
“Chicken feet are good for you…” The Egyptian pound traded Wednesday at half its value from March after the central...
Egypt starts the year with a disastrous economic environment and social tension
By Mona Salem and Sarah Benhaida: Public anger has been growing for months in Egypt over a severe dollar crunch and...
Egypt: Suez Canal chief seeks to dispel fears over draft Egypt law
The chairman of Egypt's Suez Canal on Thursday affirmed the waterway is "not for sale", in a bid to allay fears over a...
Egypt: Lawyers, pharmacists, doctors angry at new electronic invoicing system
In a rare public show of protest in Egypt, "thousands of lawyers" staged a demonstration at their union in central...
Egyptians expect more hardship as Cairo gets $3 billion loan from IMF. Currency value plunges 17%
Egypt has clinched a $3 billion loan deal with the International Monetary Fund conditioned on a currency depreciation...
Egypt: Tanker blocks Suez canal
An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that...
Egypt faces growing economic hardship
The governor of Egypt's central bank, Tareq Amer, resigned on Wednesday, state media reported, with the Arab world's...
Energy: EU turns to Egypt and Israel for more natural gas
Israel and Egypt plan to boost gas exports to Europe under an agreement signed during a Cairo visit Wednesday by the...
Egypt: Facing crippling economic crisis, Egypt says it will sell dozen state companies
Egyptian Prime Minister Mostafa Madbouli announced Sunday a string of planned privatisations of state-owned companies,...
Egypt: Price of subsidized bread up by as much as 50% in Egypt, threatening stability
By Bassem Aboualabass Soaring bread prices sparked by Russia's invasion of Ukraine have bitten into the purchasing...
Egypt: Russians and Ukrainians tourists stranded in Egypt
Egypt said Thursday it would look after any Russian and Ukrainian tourists stranded in the country because of flight...
Business: Egypt says it earned more than $6 billion in Suez Canal transit fees
Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic...
Egypt: The business of money-pooling apps in Egypt
By Hager Harabech Cash-strapped Egyptians fearful of banks have long relied on a "gameya" to access money in time of...
Egypt: Access toll on Suez Canal increases by 6%
Egypt's Suez Canal Authority said Thursday it will hike transit tolls on the key waterway by six percent, after...
Egypt: Sisi walking a risky road, announces increase in the price of bread
Egyptian President Abdel Fattah al-Sisi said Tuesday his administration is ready to raise the price of subsidised...
Egypt’s foreign debt increases with more IMF loan
The IMF executive board on Wednesday saidit had approved Egypt's request for a $1.7 billion loan, its final...
Economy: IMF to pump $5 billion more into Egypt
IMF staff on Tuesday announced they had reached an agreement with Egypt over an economic program that would release...
Egypt softens stance against Shoei Kisen Kaisha in compensation claim over Suez blockade
Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship that blocked...
Egypt: Suez Canal about to get bigger after stranded ship crippled traffic for nearly a week
Egyptian President Abdel Fattah al-Sisi approved Tuesday the widening and deepening of the southern part of the Suez...
Egypt worsens its foreign debt to buy more French fighter jets
Editor’s Opinion: They spend money they don’t have on military equipment they don’t need By Arezki Daoud - Egypt is...
Egypt, Ethiopia and Sudan launch another attempt at negotiations over Nile dam
Foreign ministers from Egypt, Ethiopia and Sudan held talks in Kinshasa on Sunday over Addis Ababa's contested giant...
Egypt: Negotiations over Ethiopian dam project going nowhere
Egyptian President Abdel Fattah al-Sisi warned Tuesday that Ethiopia's enormous dam project, upstream on the Nile,...
Egypt: Suez Canal reopens after container ship refloated
By Hager Harabech with Mona Salem in Cairo - Suez, Egypt, March 29, 2021 (AFP) - The MV Ever Given was refloated and...
Egypt: Container ship still stuck in Suez Canal
By Mohamed Abouelenen - Egyptian authorities decided Sunday that more tugboats will be needed to free a mammoth...
Egypt: Russia marketing its Northern Sea route as alternative to Suez Canal
Russia cheekily pushed the Northern Sea Route on Thursday as an "alternative" to Egypt's Suez Canal after a huge...
Egypt: Single container ship cripples Suez Canal traffic
By Farid Farid - The owners of a giant container vessel blocking the Suez Canal said Thursday they faced "extreme...
Egypt: first commercial flight from Qatar to Egypt in three and a half years
The first direct flights since 2017 between Qatar and its former rivals Egypt and the UAE took to the skies on Monday,...