Oct 23, 2025

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.
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Morocco Steps Up Tangier Crackdown on Undocumented Migrants$

Moroccan authorities are tightening their grip on irregular migration in and around the northern city of Tangier, stepping up raids and mass arrests of sub‑Saharan migrants who use the region as a launchpad toward Europe.

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North African Countries Among World’s Cheapest for Gasoline, Lead Global Rankings$

North African countries currently rank among the cheapest places in the world to buy gasoline, according to international price data published in late April 2026. The global average pump price for gasoline stood at around $1.49 per liter, while several North African producers were charging less than half that level. Libya, Algeria and Egypt all sit among the most affordable markets globally — though two non-African countries, Venezuela and Iran, rank between Libya and the rest of the African group in the worldwide table.

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Libya: A drifting Russian gas tanker threatens the Mediterranean$

Since March 3, 2026, the Russian LNG tanker Arctic Metagaz, 277 meters long, has been drifting off the Libyan coast. Loaded with 62,000 tons of liquefied natural gas (LNG), 900 tons of diesel, and 450 tons of heavy fuel oil, it poses the risk of an environmental disaster for the Mediterranean basin. Amid repeated failures to tow the vessel, accusations of Ukrainian sabotage, and the powerlessness of Libyan authorities, the Mediterranean is on high alert.

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