Tag: Egypt
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🇪🇬 Egypt’s IMF Deal May be Reviewed Due to Economic Pressure, Sisi Says
Egypt’s president suggested its International Monetary Fund program might need to be reviewed if economic pressures place an intolerable burden on the country’s more than 106 million people. The $8 billion IMF deal reached earlier this year is being implemented under “extremely difficult regional, international and global circumstances,” President Abdel-Fattah El-Sisi said Sunday in comments…
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War in Gaza Deepens Economic Woes in Egypt
Egypt’s economy, already grappling with years of instability, faces even greater challenges as the ongoing war in Gaza adds new layers of strain. The escalation of violence between Israel and Palestinian forces—alongside heightened tensions with regional neighbors—has further complicated Egypt’s path to economic recovery and reform. Economic Pressures Before the Conflict Egypt has been wrestling…
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Long-awaited Grand Egyptian Museum opens 12 galleries to the public
The much-anticipated Grand Egyptian Museum, housing the world’s largest collection of ancient Egyptian artefacts, has finally partially opened to visitors. A series of galleries have been opened to the public over a decade after construction on the mega-museum got underway. Situated near the famous Giza pyramids, it was initially due to open in 2012, but…
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Iran’s Foreign Minister Makes Historic Visit to Egypt After 12 Years
In this photo provided by Egypt’s presidency media office, Egyptian President Abdel-Fattah el-Sissi, right, meets with Iranian Foreign Minister Abbas Araghchi, at the Presidential Palace in Cairo, Egypt, Thursday, Oct.17, 2024. In a significant diplomatic development, Iran’s Foreign Minister has arrived in Cairo, marking the first official visit by a top Iranian diplomat to Egypt…
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Morocco launches anti-dumping investigation into Egyptian steel imports
The Ministry of Industry and Trade has launched an investigation into steel sheet imports from Egypt amid suspicions of dumping after a complaint from Maghreb Steel regarding a questionable increase in Egyptian imports, which it claims adversely affects the national industry. In a notice published on Thursday, October 10, the department stated that it had…
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Egypt ships arms to Somalia amid tensions with Ethiopia
The Somali government has received a large shipment of arms from Egypt, according to local media reports. The shipment comes amid ongoing tensions with Ethiopia sparked by a controversial port agreement in the breakaway region of Somaliland. Widely circulated videos show armored military vehicles transporting the weapons from Mogadishu after two Egyptian ships arrived at…
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Egyptian government allocates $2.5 billion to secure country’s energy needs
The government is working to secure additional supplies of natural gas to ensure the continuity of electricity supply and prevent blackouts, Prime Minister Mostafa Madbouly said. During a press conference in the New Administrative Capital, near Cairo, he said that the Egyptian state has allocated $2.5 billion to secure its energy needs during the summer,…
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Could the Egypt-Ethiopia Dispute Escalate into War?
Tensions between Egypt and Ethiopia are escalating as Ethiopia’s Grand Ethiopian Renaissance Dam (GERD) nears its final filling phase. Egypt, reliant on the Nile for freshwater, fears the dam will threaten its water security. However, it has been unable to secure an agreement from Ethiopia that guarantees its continued access to water. The dispute has…
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Reserve military power: top 5 African countries in 2024
Global Firepower, an analytical site, ranks 145 countries based on their reserve military manpower. In Africa, these top five nations boast the largest reserve forces in 2024: Egypt: 480,000 personnel (15th globally)Morocco: 150,000 personnel (32nd globally)Algeria: 135,000 personnel (34th globally)Eritrea: 130,000 personnel (37th globally)Sudan: 85,000 personnel (47th globally) Reserve forces are crucial for national security,…
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Ethiopia is a beacon of Pan-African freedom and unity, former FM of Sierra Leone says
Ethiopia’s historic role in promoting Pan-African values of freedom, unity, and resistance stands unmatched, according to Professor David Francis, former Foreign Minister of Sierra Leone. As the cradle of humanity and the only African nation to resist colonialism, Ethiopia remains a symbol of hope and empowerment for the continent. “Ethiopia is the origin of humanity.…
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