A recent report by Sputnik Africa claiming that the use of the Russian ruble for trade between Russia and Africa has more than doubled since 2022 is challenged by other sources that report a sharp dip in the share of ruble payments from 23.7% in mid-2022 to 12.7% in mid-2023. Russian ruble usage in international […]
The attack of last February 16 near the resort of Taba, claimed by Sinai-based Ansar Bayt al-Maqdis group, has heavily impacted Egyptian tourism as many Western countries have warned their citizens to avoid visiting Egyptian tourism sites, including in the Sinai and Taba. Meanwhile, Club Med has closed at least until the end of March […]
As pro-democracy protests continue to rattle the Algerian regime, Algeria marches ahead to an economic disaster as domestic energy consumptions nears levels of gas and oil production. Since 2007, Algeria’s consumption of oil and natural gas has risen by more than 50 percent while its oil production has fallen by 25 percent. With less oil […]
