Egypt’s remittances reach $2.7 billion in boost to foreign reserves

Egypt’s liquidity crisis has been alleviated by recent investment from the United Arab Emirates and help from the International Monetary Fund, though inflation and debt remain issues.

Egypt

Analysis

As Europe's far right surges, North Africa immigration takes center stage

The election of far-right politicians in power across Europe will impact EU policy toward North Africa, which has proven to be an invaluable energy partner since Russia invaded Ukraine in February 2022.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Meet Egypt’s new foreign, defense, finance ministers after cabinet shuffle

Cairo's new government is coming in at a challenging time for Egypt, which is facing a deep economic crisis amid the ongoing war in the Gaza Strip.

Egypt

Analysis

Climate change, overreliance on Israeli gas add to Egypt's power crisis

For a year now, load-shedding linked to falling gas production, rising demand and a shortage of foreign currency has led to scheduled two-hour daily power cuts in most parts of the country. 

By Jack Dutton , Rosaleen Carroll

Climate crisis stokes growing challenges amid Middle East economic diversification drives

Egypt looks set to secure $1.1B EU loan to boost economic recovery

The latest injection is part of a larger two-proposal package from the 27-state bloc to help the North African country's struggling economy.

Egypt

Egyptian authorities arbitrarily arresting Sudanese, Amnesty says

The alleged mass arrests and forced expulsions of Sudanese coincide with the raging war in Sudan, where fears of foreign interference are growing.

Egypt

Egypt needs clean energy to shine after $50B bailout, but will it?

Samuel Wendel

In Washington, DC, reporting on regional business and tech

From Israel to Iran, Modi 3.0 eyes deepening of India's Middle East ties

India refuses to be restricted by its former Cold War commitments; as with any other power or wannabe power, only self-interest matters, and the oil monarchies of the Gulf top India's list of friends in the region.

Iran

With talks deadlocked, Egypt has only limited options on Rafah

Israel's offensive in Rafah is testing its decades-old peace treaty with Egypt, which was outraged by its seizure of the Rafah crossing and the demilitarized Philadelphi Corridor between Gaza and Egypt.

Egypt

UAE, Saudi, Iran, Egypt, Turkey FMs attend Russia's BRICS meeting

The BRICS foreign ministers meeting focused on diplomatic developments related to the Gaza war and efforts to ditch the US dollar in international trade, among other matters.

Egypt

Egypt's year-on-year inflation drops below 30% in first since January

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s inflation rate has maintained its downturn for the fourth consecutive month, dropping to 28.15% in May from 32.54% in April.

Egypt