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Egypt’s Fuel Price Hike Deepens Economic Strain Amid IMF Reforms$

Egypt has raised domestic fuel prices sharply as part of a multi-faceted effort to stabilize the country's economy amidst persistent fiscal pressure and regional turbulence. Effective October 17, 2025, all grades of gasoline, diesel, and compressed natural gas used in...

Egypt: Challenged Energy Sector Faces Another Brutal SummerF

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,...

Syria’s New Ruler Faces Jihadist Rebellion and Internal StrifeF

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...

Egypt: Access toll on Suez Canal increases by 6%F

Egypt's Suez Canal Authority said Thursday it will hike transit tolls on the key waterway by six percent, after netting record revenues last tax year even amid the coronavirus pandemic. The new fees will come into place from February 2022, but tourist vessels and...

Egypt: Sisi walking a risky road, announces increase in the price of breadF

Egyptian President Abdel Fattah al-Sisi said Tuesday his administration is ready to raise the price of subsidised bread as part of its continued austerity push towards economic recovery. "The time has come for the price of a loaf of bread to increase from 5 piastres...

Egypt’s foreign debt increases with more IMF loanF

The IMF executive board on Wednesday saidit had approved Egypt's request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery from the Covid-19 crisis. "The Egyptian authorities have managed well the economic and social impact of the...

Economy: IMF to pump $5 billion more into EgyptF

IMF staff on Tuesday announced they had reached an agreement with Egypt over an economic program that would release the final tranche of a $5.2 billion loan approved last year. Once approved by the board of the International Monetary Fund, the second performance...

Egypt: Tanker blocks Suez canalF

An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that...

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