Egypt economy

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U.S. Immigration Policy and the Changing Landscape of Africa-U.S. Travel$

As the United States prepares to implement a new round of immigration and visa policy changes in 2026, the effects are being felt across Africa and parts of the Middle East. What began as a technical overhaul of screening and enforcement procedures has evolved into a...

Migration: 17 Migrants, Mostly Egyptians, Lost at Sea on the Road to Greece$

Fourteen Egyptians have been confirmed dead after an irregular migrant boat capsized on the way to Greece, the latest in a long line of disasters on one of the world’s deadliest migration routes. Greek and Egyptian officials say dozens of people were on board the...

Egypt’s Red Sea Crisis Intersects with U.S. Trade Strategy in Global Infrastructure Rivalry$

Egypt’s foreign minister warned last week that Houthi attacks on commercial shipping in the Red Sea have cost the country more than $9 billion in lost Suez Canal revenue, an economic blow now tied to broader U.S.-led efforts to reshape global trade routes. Speaking in...

Egypt Draws a Red Line on Nile Rights in GERD Dispute$

Egypt is insisting that Nile water security is an uncompromising national priority, with the country’s leadership rejecting any attempts at political bargaining on its access to the river. The latest remarks, delivered by Egyptian Prime Minister Mostafa Madbouly at...

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,...

Egypt to sell citizenship for money to compensate for bankrupt economyF

Egypt announced Wednesday it is offering citizenship to foreign investors willing to spend at least $250,000 in the country, as it struggles to fill its depleted coffers. According to state newspaper Al-Ahram, a decision by Prime Minister Mostafa Madbouli published in...

Egypt to build high-speed rail linkF

French company NGE announced Thursday it had been awarded a contract to build Egypt's first high-speed rail link, a 330 kilometre section connecting the Mediterranean and Red Sea coasts. The link will form the first section of a 660 kilometre (410 mile) line that will...

Egypt: Sisi visits India, paves way for greater bilateral cooperationF

Egypt and India announced Thursday a "strategic partnership" to increase trade by billions of dollars and strengthen diplomatic ties, as President Abdel Fattah al-Sisi concluded a visit to New Delhi. Facing a worsening economic crisis, Egypt is scrambling to boost...

Egypt: Channeling more than 1.4 billion tons of cargo, Suez Canal sees revenues up 77% in 2022F

Egypt's Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in transit fees in 2022, as the country balks under a worsening economic crisis. The income from the vital waterway is about 25 percent higher than the $6.3 billion...

Ethiopia, Egypt and Sudan resume Nile dam talksF

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