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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: Sisi Confronts Worldwide Embassy Uproar
Embassy protests test Egypt’s foreign policy and Sisi’s response.Embassy protests spark debate on Egypt’s foreign policy and Sisi’s stance.
Infrastructure: Egypt’s High-Speed Rail Network Nears Completion
Egypt’s high-speed rail and monorail projects reach 67% completion, connecting key cities, boosting tourism, and transforming national mobility by late 2025.
Egypt: Inflation Creeps Back Up While Foreign Reserves Shrink
Egypt’s inflation jumps and foreign reserves dip, raising fresh concerns about the country’s fragile economic recovery.
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.
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.
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
Could Syria Avoid a Repeat of the Libyan Disaster: Opinion by Arezki Daoud
What is happening in Syria today reflects a nation at a crossroads. The decades-long grip of the Assad family has ended, ushering in both relief and a new wave of challenges.
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.
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
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.
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....
JPMorgan de-lists Egypt from its Emerging Market Bond Index (S)
Egypt: After wishing each other a happy new year, Egyptians see price hikes that will make 2024 not such a happy year
Immediately after “winning” a third term at the end of December 2023, President Abdelfattah Al-Sisi ordered the “progressive” dismantling of the so-called subsidies. Overnight, as the calendar shifted to 2024, the prices of electricity increased by as much as 26%. As you would expect many other products followed immediately, such as the prices for accessing the Internet up 33%, the price of Cairo metro ticket up by 20%. And that’s just the beginning. In the coming weeks and months, check out the prices of food and basic commodities soaring again, as the Egyptian Pound likely to lose more value.
Six more years: Egypt’s al-Sisi gets “reelected” with “nearly 90%” of the vote as the economy faces freefall
Egypt's President Abdel Fattah al-Sisi has won a third term with 89.6 percent of the vote in the Arab world's most populous nation, the national election authority said Monday. The outcome of the December 10-12 poll was widely expected after the former army chief with...
Egypt intercepts drone of unknown origin in Sinai as region remains destabilized
@northafricajournal #Egypt downs #drone in #Sinai Peninsula near #Israel ♬ original sound - The North Africa Journal The Egyptian air force shot down a drone off the Sinai Peninsula on Saturday down the coast from the Israeli border, state-linked media reported....
Egypt: Italy sets new trial for Egyptians accused of student’s murder
A court in Italy on Monday set a February date for a new trial in absentia of four Egyptian security officers accused of murdering an Italian student in 2016. Giulio Regeni, 28, was researching his doctorate at Cambridge University when he was abducted while in Cairo....
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