Egypt economy

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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,...

U.S. Trade Policy Is Accelerating China–North Africa Economic and Defense EngagementF

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,...

Egypt starts the year with a disastrous economic environment and social tensionF

By Mona Salem and Sarah Benhaida: Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw. As families have struggled to purchase household...

Egypt: Suez Canal chief seeks to dispel fears over draft Egypt lawF

The chairman of Egypt's Suez Canal on Thursday affirmed the waterway is "not for sale", in a bid to allay fears over a draft law under discussion in parliament. On Tuesday the legislature approved in principle a bill proposed by the government seeking to establish a...

Egypt: Lawyers, pharmacists, doctors angry at new electronic invoicing systemF

In a rare public show of protest in Egypt, "thousands of lawyers" staged a demonstration at their union in central Cairo Monday, prominent lawyer Tarek al-Awady said. After a smaller protest was held Thursday, lawyers assembled again in droves Monday to protest a new...

Egyptians expect more hardship as Cairo gets $3 billion loan from IMF. Currency value plunges 17%F

Egypt has clinched a $3 billion loan deal with the International Monetary Fund conditioned on a currency depreciation and state subsidy cuts, the government said Thursday. The Egyptian pound shed 17 percent of its value against the dollar after the staff agreement was...

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