UN- Morocco, Israel Organize High-level Conference on Food Security

U.S.-Egypt partnership strengthened with $235 million railway contracts

The U.S. Embassy in Cairo has announced the successful signing of three major contracts between Progress Rail, an American company, and Egyptian National Railways, collectively valued at over $235 million. The agreements, which were formalized on Wednesday, April 9, 2025, at the Ministry of Transportation, mark a significant step in enhancing U.S.-Egyptian business relations while […]

Egypt’s Central Bank Cuts Key Interest Rates by One Percentage Point

The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]

US-Africa trade deal faces uncertainty as AGOA’s expiry looms

As the expiration of the Africa Growth and Opportunity Act (Agoa) approaches in September, former US ambassador to Kenya, Kyle McCarter, has cast doubt on the deal’s renewal, citing its unfavorable terms for the United States. McCarter, who served under the Trump administration, expressed skepticism about the prospects of extending Agoa through the HR 10366-Agoa […]