First Independent Mena Newspaper
Egypt has lost $10 billion in revenues from the Suez Canal due to ongoing attacks on shipping in the Bab al-Mandab Strait, President Abdel Fattah el-Sisi said on Monday, May 4, during a meeting in Cairo with Mathias Cormann, 6th Secretary-General of OECD. The attacks, which began in November 2023, have significantly reduced vessel traffic […]
East Africa is experiencing a profound geopolitical shift as Gulf states and Turkey expand their influence through infrastructure, energy, and security investments totaling an estimated $75 billion, according to a new report by the Washington-based Africa Center for Strategic Studies. This influx is transforming the region’s political and economic landscape, particularly in fragile states like […]
Egyptian President Fattah al-Sisi Monday told his Yemeni counterpart that Cairo is concerned about insecurity in the Red Sea after Houthi rebels attacked two Saudi oil tankers last month in the Strait of Bab al-Mandab. “We categorically reject that Yemen becomes a foothold for the influence of non-Arab forces, or a platform for security and […]