AIRBUS

Egypt: President Sisi warns Egyptians “tough or harsh” austerity policies are ahead

Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year loan agreement, probably before the end of the month, with the International Monetary Fund (IMF). For the president, “the problem is whether the public opinion is prepared to accept the […]

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]

WB Warns of Ramifications of Water Scarcity on Stability of MENA Region

The World Bank issued a report mapping out actions needed to prevent water scarcity from impacting growth and stability in the MENA region. The report, dubbed “Beyond Scarcity: Water Security in the Middle East and North Africa,” estimated that the inadequate supply of water and sanitation is costing the Middle East and North Africa (MENA) […]