egypt-tourism

Congo’s green gold rush: as U.S. scrambles for minerals, locals brace for fallout

The Democratic Republic of Congo (DRC) has become the latest front in the U.S.-China rivalry, as President Donald Trump intensifies efforts to secure critical minerals needed for electric vehicles and clean energy. Backed by billionaires Jeff Bezos and Bill Gates, U.S. firm KoBold Metals recently secured seven lithium exploration permits, including access to the coveted […]

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]

Egyptian Tourism Bets on Campaigns to Boost Sector

Egyptian tourism professionals pin high hopes on campaigns to revitalize the sector which has been badly hit by repeated terror attacks that scared off foreign tourists. In 2014, nearly 10 million tourists visited the North African country, bringing with them $ 7.5 billion in revenues against the 14.7 million tourists that visited Egypt in 2010, […]