EIB

US Drone Downed by Syria or Suffered Malfunction?

Syrian authorities have said that their air forces have shot down what they described as “a hostile US surveillance aircraft in Latakia” province, the stronghold of Bachar al-Assad in north-west of Syria. The state-controlled Syrian news agency said “air defences brought down a hostile US surveillance plane in northern Latakia”, stressing that the hit aircraft […]

Egypt’s current account deficit narrows amid surge in remittances, tourism revenue

Egypt’s current account deficit narrowed significantly to $13.2 billion during the first nine months of the 2024/2025 fiscal year, down from $17.1 billion a year earlier, the Central Bank of Egypt announced on Tuesday, July 22. This improvement was driven primarily by an 86.6% surge in remittances from Egyptians abroad, reaching $26.4 billion, and a […]

Trump’s in-law Boulos sent on mission to east Africa, with DRC’s minerals high on agenda

Massad Boulos, newly appointed senior advisor for Africa at the US State Department, is set to begin a diplomatic mission to the Democratic Republic of the Congo (DRC), Rwanda, Kenya, and Uganda. The trip, which starts on 3 March, aims to foster peace in eastern DRC, where M23 rebels continue their offensive, and encourage increased […]