Ethiopia UAE KFED

Egypt inaugurates Tahya Misr multipurpose maritime Terminal in Alexandria

Egypt’s President Abdelfattah al-Sisi inaugurated Thursday the Tahya Misr multipurpose maritime Terminal in Alexandria as part of plans to develop local ports, local media “Ahram Online” reports. The Tahya Misr multipurpose maritime Terminal will play a vital role in transforming the Port of Alexandria into a regional and global hub for trade and logistics, the […]

Somalia offers U.S. exclusive access to key ports and airbases amid rising tensions

Somalia has extended an offer to the United States for exclusive control over strategic airbases and ports in the Gulf of Aden, thus adding a new geopolitical twist to great-power competition in the Horn of Africa. In a letter from president Hassan Sheikh Mohamud to U.S. president Donald Trump, Somalia proposed granting the U.S. operational […]

Algeria’s public finances vicious circle

Algeria’s appropriation bill for 2024 continues on track of prioritizing social peace at the expense of sustainability of public finances, auguring ill for the medium- and long-term macroeconomic balances of the country. The Algerian state will spend 38 billion dollars on its inflated public sector payroll, which takes the largest chunk of budget distribution. Civil […]