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...
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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 Summer
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 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...
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...
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