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EU Disburses €1bn Second-Phase Macro-Financial Support to Egypt Following Reforms

Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]

Spain Urges EU to Honor Promise to Help Morocco Tackle Migration

As Spain and Morocco feel the heat of the surge in migrants after the closure of the Balkan route and deterioration of security conditions in Libya, the EU is more divided than ever, with member states pursuing narrow national interests while ignoring the shared responsibility in managing migration. Spain has recently urged the EU to […]

Egypt’s annual core inflation records 24.4% in October according to Central bank

Egypt’s annual core inflation rate stood at 24.4% in October 2024, showing a slight decrease from 25% in September 2024, according to data released by the Central Bank of Egypt (CBE). This figure, which excludes volatile items like food and energy, indicates a modest easing of inflationary pressures. The monthly core Consumer Price Index (CPI) […]