egyptian-pounds

Tunisia: Forty migrants, including infants, die in boat tragedy off Tunisian coast

At least forty migrants, among them infants, died after a boat bound for Europe capsized off the coast of Mahdia in central Tunisia on Wednesday, October 22. According to Mahdia court spokesman Walid Charbi, Tunisian naval units rescued around thirty survivors from the vessel, which was carrying migrants largely from sub-Saharan Africa. Authorities have launched […]

Red Sea attacks to shrink Africa’s trade volume, worsen its macroeconomic stability — report

Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]

USA to provide military equipment to Egypt

The US State Department Tuesday validated a military deal with Egypt that involves technical support for the North African country’s navy. The deal to be implemented by Virginia-based VSE Corporation will cost Egypt $554 million. The price tag may change following final clearance from the senate, Defense News reports. VSE Corporation will do technical work […]