Africa Egypt Emerging Markets Headlines International

Egypt, Comoros forge strategic front as Africa grapples with shared crises

In a display of continental solidarity, Egyptian President Abdel-Fattah El-Sisi and his Comorian counterpart, President Azali Assoumani, convened a meeting in Cairo on Sunday, May 4, to underscore the urgency of a harmonized African voice amid escalating regional challenges. Against a backdrop of persistent instability in Gaza, Sudan, and the Horn of Africa, the two […]

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Egypt greenlights new oil exploration deals with Russia’s Lukoil

The Egyptian Parliament has endorsed two significant oil agreements, authorizing the Ministry of Petroleum and Mineral Resources to formalize contracts with Russian energy giant Lukoil, further cementing Cairo’s strategic alliance with Moscow in the energy sector. The first deal grants exploration and production rights to Lukoil Overseas Egypt Ltd., in partnership with the South Valley […]

Egypt Europe Headlines International

British-Egyptian political prisoner’s health deteriorates because of prolonged hunger strike

Concern has grown in both the United Kingdom and Egypt after it was disclosed that Alaa Abdel Fattah, a British-Egyptian activist, has suffered severe health complications while being held in an Egyptian prison. Having engaged in a hunger strike exceeding fifty days, Abdel Fattah is suffering repeated vomiting and signs of internal inflammation, his family […]

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African Space Agency Inaugurated in Cairo to Boost Continental Space Cooperation

The official opening of the African Space Agency (AfSA) headquarters was held in Cairo on Sunday, April 20, where the facility was unveiled within Egypt’s national Space City. The agency, which is intended to serve as a central hub for Africa’s space ambitions, had been established following Egypt’s selection as host by the African Union […]

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Sharp Decline in Suez Canal Traffic Reported Amid Regional Instability

A significant reduction in maritime traffic through the Suez Canal has been recorded, with figures showing a nearly 50 percent drop in the first quarter of 2025, according to statements made on Wednesday, April 16, by Suez Canal Authority (SCA), Chairman Osama Rabie. The decline has been attributed primarily to ongoing security threats in the […]

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U.S.-Egypt partnership strengthened with $235 million railway contracts

The U.S. Embassy in Cairo has announced the successful signing of three major contracts between Progress Rail, an American company, and Egyptian National Railways, collectively valued at over $235 million. The agreements, which were formalized on Wednesday, April 9, 2025, at the Ministry of Transportation, mark a significant step in enhancing U.S.-Egyptian business relations while […]

Egypt Emerging Markets Finance Headlines

Egypt to float military-owned firms as part of economic reform drive

Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]

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Macron’s Egypt visit focuses on Gaza crisis, strengthening bilateral ties

French President Emmanuel Macron arrived in Egypt on Sunday for a three-day official visit aimed at discussing the escalating situation in Gaza and bolstering ties between the two countries. This marks Macron’s fourth visit to Egypt since taking office, with the trip beginning with a tour of the Grand Egyptian Museum. On Monday, Macron is […]

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African nations embark on major airport expansion to meet soaring demand

African nations are investing billions in airport infrastructure as passenger traffic across the continent is projected to double to 300 million annually by 2040, according to the International Air Transport Association (IATA), which forecasts average growth of 5.7% per year through 2034. Ethiopia leads this transformation with plans for Africa’s largest airport near Bishoftu, 40km […]

Africa Business Egypt Emerging Markets Headlines International Morocco

Public-Private Partnerships in Africa: Leaders emerge, others struggle

A clear divide has emerged in Africa’s public-private partnership (PPP) landscape, with five nations, including Morocco and Egypt, establishing themselves as continental leaders while others face significant challenges in attracting and managing private investment for public infrastructure. Morocco, which is part of the leaders’ tier, has developed a holistic strategy centered around landmark achievements in […]