Turkish troops

Kuwait extends $2 billion deposit to Egypt through 2025

On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]

UN Refugee Agency closes its offices in Tindouf and Laayoune, signaling major shift in Sahara issue

The UN refugee agency has decided to close its offices in Laayoune (Southern Morocco) and Tindouf camps (Algeria) by the end of September 2025, according to diplomatic sources cited by several press reports. The UN High Commissioner for Refugees (UNHCR) has informed its employees in these two locations as well as 14 employees operating in […]

Egypt’s foreign reserves hit record high of $50.07 billion in October

The Central Bank of Egypt (CBE) announced on Sunday that the country’s net international reserves reached a historic 50.07 billion U.S. dollars by the end of October, up from 49.53 billion dollars in September. This marks the highest level of foreign reserves in Egypt’s history, reflecting the impact of ongoing financial reforms and a resurgence […]