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Tag: Egypt
Africa’s ultra-wealthy population to grow by 65% in next decade but thousands flee their home — report
Africa has seen a rise in its number of billionaires and its millionaire population is set to rise by 65% over the next 10 years, ... Read More
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 ... Read More
IMF gives go-ahead for $8 billion loan to Egypt
The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its ... Read More
Number of Chinese workers across Africa drops by over 60% over past decade — report
The number of Chinese workers across Africa has plummeted to its lowest level in more than a decade, according to data from China's National Bureau ... Read More
EU’s 7.4 bn-euro aid package to support cash-strapped Egypt, curb illegal migration
The European Union signed a "historic" deal with Egypt on Sunday (17 March) that includes a funding package of 7.4 billion euros and elevating their ... Read More
MEPs accuse EU executive of ‘bankrolling dictators’, claiming Tunisia’s president pocketed EU aid
Senior members of the European Parliament (MEPs) have accused the EU executive of “bankrolling dictators”, claiming that the €150 million it gave to Tunisia last ... Read More
EU’s Egyptian headache: Brussels readies €7.4bn aid package to help economy, curb migration
Egypt is reportedly set to receive up to 7.4 billion euros in funding from the European Union under a major 'cash for migrant control' pact ... Read More
Nigeria’s intention to join BRICS will not be influenced by West — FM
Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from ... Read More
Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline
Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also ... Read More
Egypt inks ‘historic’ $35bn deal with UAE, hoping to ease dollar squeeze, save economy
Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, ... Read More