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Egypt’s Debt Diplomacy: How Brussels Became Cairo’s Latest Creditor of Confidence

The EU’s €7.4 billion package to Egypt marks Europe’s largest financial commitment to any non‑EU partner, aimed at stabilizing Cairo’s economy but adding to its already heavy debt load, now nearing 90 percent of GDP. The deal underscores Egypt’s strategic value to Europe amid regional turmoil and migration pressures.

Egypt Draws a Red Line on Nile Rights in GERD Dispute

Egypt has reiterated that the Nile River is an “existential issue” for his country, warning that Cairo will not compromise or tolerate unilateral measures over its water security. Egypt says it is relying on international law to defend its rights as tensions continue with Ethiopia over the Grand Ethiopian Renaissance Dam.

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

Egypt has raised fuel prices for the second time this year, increasing gasoline, diesel, and CNG rates by up to 13% as part of IMF-backed reforms to reduce subsidies and stabilize public finances. The move, effective October 17, is expected to ripple across transport, food, and manufacturing sectors as inflation remains stubbornly above 11%.

Egypt Gets Massive Injections of Cash, but Outlook is Still Shaky
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
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.

War in Gaza forces former Middle East foes to seek reconciliation
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...

Podcast: Egypt 2024 Outlook
Podcast: Egypt 2024 Outlook

Unsurprisingly Abdel Fattah Al-Sissi, in power in Egypt since he overthrew the Islamist Mohamed Morsi in a coup in 2013, was re-elected as president again for another six-year term. The election was fast-tracked because holding the election in 2024 amid a projected worsening economic crisis could have constituted a bigger political problem for president el-Sissi. The election authorities reported that the latter won his third presidential election, with 89.6% of the votes, a figure that obviously makes no sense. Many accuse the government of having committed massive election fraud. As president Sisi enters his third term, what kind of problems should we expect. Perhaps the question from an outside perspective is should we expect the government to stabilize the country in the years to come? And the answer is a resounding no.

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