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Tag: Egypt
Egyptian MP calls for TikTok ban over ethics and security concerns
Egyptian MP Essam Diab has urged Prime Minister Mostafa Madbouly and Communications Minister Amr Talaat to ban TikTok, accusing the platform of undermining societal and ... Read More
Egypt’s annual core inflation records 24.4% in October according to Central bank
Egypt’s annual core inflation rate stood at 24.4% in October 2024, showing a slight decrease from 25% in September 2024, according to data released by ... Read More
Increasing mobile internet usage could add $795 billion to Africa’s GDP
Africa’s digital transformation is well underway, with mobile internet emerging as a significant catalyst for economic growth. A report by ‘The Economist Intelligence Unit’ estimates ... Read More
Egypt loses 70% of Suez Canal revenue due to Gaza war – IMF
The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of ... Read More
World Bank revises downwards growth rate forecasts for Tunisia, Egypt in 2024/2025
The World Bank has revised Tunisia's 2024 economic growth forecast downward to 1.2%, compared to the 2.4% projected in April 2024. In its October 16, ... Read More
Egypt launches investment fund for Nile Basin countries
Egypt has officially launched a Fund dedicated to investment in the Nile Basin, aimed at fostering development through collaboration with neighboring countries. This initiative was ... Read More
Somalia welcomes Egypt’s offer to deploy troops
Somalia said it welcomes an Egyptian offer to deploy troops once the mandate of an African Union peace keeping mission expires in December. The decision ... Read More
Egypt to reinforce security cooperation with Ethiopia’s neighbors
Egypt, Somalia, and Eritrea agreed to foster their security cooperation ties, amid worsening ties between Cairo and Addis Ababa. The alliance leaves Ethiopia further isolated ... Read More
Egypt unveils Fourth National Plan to combat illegal migration for 2024-2026
Egypt unveils Fourth National Plan to combat illegal migration for 2024-2026Egypt launched its fourth national action plan to combat and prevent illegal migration for 2024-2026. ... Read More
Egypt’s inflation rate increases by 2.3% in September 2024
According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt's general consumer price index reached 236.5 points in September 2024, reflecting a monthly ... Read More