Jan 7, 2026

Tourists and Egyptians Abroad Support the Egyptian Economy$

Analysis by The North Africa Journal

Tourism and remittances from Egyptians working abroad remain two of Egypt’s most important sources of foreign currency. As the economy continues to face external financing pressure, these inflows support the balance of payments, domestic consumption, and service-sector employment. Recent growth in tourist arrivals and a rebound in remittance flows highlight how closely Egypt’s economic management depends on international travel demand and overseas labor income.

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Global Energy Markets Jolt as Iran War Disrupts Gulf Oil Flows$

by The North Africa Journal | Mar 9, 2026 | Briefs, Business & Economy, 1shorts, Maghreb, Economy & Business, economy upfront, Business and Economy, 111, 1PREMIUM

Oil prices surged toward $119 per barrel as the conflict involving Iran disrupted tanker traffic through the Persian Gulf, forcing several Gulf producers to reduce output and pushing governments to consider emergency energy measures. Saudi Arabia joined Iraq, Kuwait, Qatar, and the UAE in cutting production as shipments stalled and storage capacity tightened. With hundreds of tankers idling near the Strait of Hormuz and major shipping insurers suspending coverage, the crisis is rapidly evolving from a regional military conflict into a global energy shock.

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Energy markets often react before the rest of the economy when geopolitical crises erupt. Oil has surged toward $90 per barrel as traders price the risk of disruption around the Strait of Hormuz, while European natural gas remains relatively calm but structurally exposed through LNG shipping routes. Together, the charts suggest markets are pricing risk, not yet a supply shock, as the conflict involving Iran enters its early phase.

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by The North Africa Journal | Feb 27, 2026 | podcasts, 1PREMIUM, 1-BLUE-LEFT-SECTION-Special-Focus-Free

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