polisario_troops

Egypt strengthens naval fleet with U.S and French ships

Egypt has boosted its naval fleet with three military ships from the U.S and France. Two U.S fast missile boats and a French FREMM (European multipurpose frigate) were delivered to Cairo during separate ceremonies. The American embassy in Egypt stated that the ships will contribute towards “ensuring regional security, countering terrorism, and protecting global commerce” […]

Eastern Libya’s budget push signals strategic bid for oil leverage amid political deadlock

In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]

Egypt, IMF ink $3bn new loan program deal

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]