musée YSL

Trump announces sweeping global tariffs, targeting also 51 African nations

US president Donald Trump has unveiled a controversial new tariff policy, imposing sweeping duties on imports from over 180 countries, including 51 African nations. The tariffs, which include a baseline 10% on all imports and higher duties on certain countries, are part of Trump’s strategy to combat what he describes as unfair trade practices that […]

Egypt will not stop Ethiopia’s development, President Sisi

President Abdel Fattah al-Sisi has said that Egypt will not obstruct the development ambitions of neighboring Ethiopia during a visit of a delegation led by Patriarch Abune Matthias. Tensions between the two countries grew when Addis Ababa started building The Great Renaissance Dam on the Blue Nile last year. Egypt said the project threatens its […]

Egypt’s Constitutional Referendum and the Fiscal Troubles Hampering IMF Loan Negotiations

Egypt’s Central Bank proclaimed their foreign reserves reaching the “critical” levels after it had sold about 75 million USD in its first private auction to banks, Bloomberg reports. Egypt’s foreign reserves are well below the levels prior to 2011 uprising against former President Mubarak, when the Central Bank commenced to support the Egyptian pound by […]