Egypt economy – Page 2 – The North Africa Journal

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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’s Demographic Time Bomb

This month of June 2024, the Egyptian population reached the record number 106.4 million people. Egyptians added 126,000 babies in just one month. Dividing this by 30 days, fetches 4,200 babies per day. The Egyptian government does not like this trend because this...

War in Gaza forces former Middle East foes to seek reconciliation

By Mondafrique: The war in Gaza is forcing feuding States in the Middle East and in the Gulf to seek the path of reconciliations. Faced with President Biden’s inability to impose a red line on Israeli Prime Minister Binyamin Netanyahu, the four most influential...

Egypt: One killed, six arrested in gun battle on Egypt-Israel border

A gunfire broke out near Nitzana, Israel, along the border crossing separating Egypt and Israel. The incident, which involved more than a dozen people, resulted in the death of one person. Six people were arrested. The Egyptian authorities insist that the incident was...

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 and business circles. The Houthis have clearly identified that there is a choke point that they can squeeze even more to get their positions heard....

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 announced by December 18. President Abdel Fattah al-Sisi, a former army chief, has ruled for nearly a decade in the Arab world's most populous country,...

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 by Addis Ababa on the Nile, long a source of tensions among the three nations. Ethiopia this month announced the completion of the fourth and final...

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 of motorways that zigzag across Cairo -- crushing entire neighbourhoods, precious green spaces and historic gravesites. The administration of Sisi, a...

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 Suez Canal, authorities in charge of the vital waterway said. Traffic in both directions returned to normal after a brief disruption when the...