Egypt Emerging Markets Europe Finance Headlines International

Egypt, EU to implement €8M program to support industry

The Egyptian Government has secured an €8 million agreement with the European Union (EU) through the EU Tigara program to enhance trade, industry, and market access. According to the Ministry of Planning and International Cooperation, the initiative aims to strengthen Egypt’s enterprise growth and trade mechanisms, while boosting the involvement of small and medium-sized Egyptian […]

Africa Business Egypt Emerging Markets Headlines International Morocco

African Nations Make Waves in Global Service Exports

Imagine booking a safari in Kenya, outsourcing IT work to Egypt, or enjoying a Moroccan-designed app on your phone. Sounds like a typical day in our interconnected world, right? Well, it’s more significant than you might think. In a surprising turn of events, three African countries have muscled their way into the world’s top 40 […]

Egypt Headlines Libya

Libya: Tripoli-based government rejects Egypt’s hosting of rival PM, expels two diplomats

Tripoli has decided to expel two Egyptian diplomats, giving them three days to evacuate Libyan territory, triggering a diplomatic crisis between Tripoli and Cairo. The decision was made following Mohamad Hamad’s first trip to Egypt as Prime minister of the Benghazi-installed parallel government. The Prime minister of eastern Libya, whose government is chosen by Parliament […]

Egypt Headlines International Morocco

Morocco’s Football Olympic Team make history with stunning victory over Egypt, win bronze medal

Morocco won their first-ever medal at the Men’s Olympic Football Tournament with a stunning victory over Egypt. The Atlas Lions thrashed Egypt 6-0 on Thursday to finish third at the Men’s Olympic Football Tournament Paris 2024. The Moroccans won the bronze medal. Their third-place at the Paris Olympics is an important achievement, after finishing fourth […]

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Egyptians fret about Ethiopia Nile dam filling

Worry grips Egyptian officials who fear a natural disaster as Ethiopia prepares to fill its giant Nile dam, the Great Renaissance Dam, for the fifth time, without any coordination with downstream countries, Egypt and Sudan. Egypt has for long expressed concern at the dam, while Ethiopia argues that the water-sharing deals signed under the colonial […]

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US, Egypt put forward initiatives aimed at peaceful resolution of Sudan conflict

A slew of new peace initiatives have been put forward to end the armed conflict in Sudan, including by the United States and Egypt. US Secretary of State Antony Blinken Tuesday (28 May) held a phone call with Sudan’s army chief Abdel Fattah al-Burhan to find ways to “urgently end the conflict in Sudan and […]

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Egypt, Algeria, Morocco, Nigeria among largest global wheat importers

Egypt will be the largest global wheat importer in 2024/25 (July-June) as the country recovers from a foreign exchange reserve crisis and seeks to rebuild inventories, the US department of agriculture USDA said. “In addition to wheat milled for domestic use, Egypt is also expected to continue exporting some wheat flour to nearby countries such […]

Africa Egypt Headlines International Morocco

Africa-Football: Moroccan Berkane Club Beat Zamalek 2-1 in CAF Confederation Cup Final first leg

Moroccan football club RS Berkane defeated Zamalek of Egypt 2-1 in their first leg match of the 2024 African Confederation Cup final played Sunday in Berkane’s Municipal Stadium. The two goals were scored by captain Issoufou Dayo in the 13th minute and Adil Tahif in the 32nd minute, while Seifeddine Jaziri scored for the Egyptians […]

Business Egypt Emerging Markets Headlines Morocco

Morocco to impose anti-dumping measure on Egyptian tomato paste

Morocco is considering applying anti-dumping measures on tomato paste imported from Egypt, the industry minister said as local industries complain of unfair competition. The agri-food federation noted in a report that Egyptian imports had a far lower price resulting in loss of jobs for the local tomato paste industry, whose sales plummeted by 14%. The […]

Africa Egypt Finance Headlines International

The six African countries with highest debt to GDP ratios

Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent. This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are […]