The United States has vowed to use “overwhelming lethal force” against Yemen’s Houthi rebels, following a series of airstrikes that killed at least 53 people over the weekend. The Pentagon emphasized that while the strikes are meant to deter the Houthis from resuming attacks, they do not aim to create an “endless offensive” or bring […]
Tag: Egypt
Egypt launches ‘Alliance & Development’ Initiative to foster innovation, economic growth
Egypt’s Ministry of Higher Education and Scientific Research is advancing its “Alliance and Development” initiative as part of the National Policy for Sustainable Innovation, which was launched in February 2025. This initiative aims to enhance the country’s scientific research capabilities, accelerate technological innovation, and strengthen the connection between academia and industry to create globally competitive […]
Russia’s agri exports to Africa surge in 2024, boosting Kremlin’s influence
Russia significantly boosted its agricultural exports to Africa in 2024 by 19%, reflecting the country’s growing economic influence across the continent amid the continuing war in Ukraine. During the previous fiscal year, Russia’s agricultural exports to Africa surpassed $7 billion, according to a statement released by the Agricultural Export Center (Agroexport), with Egypt, Algeria, and […]
Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire
Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]
IMF approves $1.2 billion for Egypt following economic review
The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion. The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the […]
Egypt: Tax revenue growth, plans for economic stimulus
Egypt’s tax revenues surged by 38 percent in the first half of the 2024/2025 fiscal year, according to Finance Minister Ahmed Kouchouk. During a panel organized by the Egyptian Association for Direct Investment and Venture Capital, Kouchouk attributed this growth to the Government’s ongoing efforts to broaden the tax base and strengthen cooperation with taxpayers. […]
Egypt: New trade entity aimed at strengthening exports across Arab markets
Egypt is set to establish a new trade entity aimed at strengthening exports across Arab markets, as part of a broader strategy to drive economic growth. The Arab Alliance for Industrial Investment, comprising 41 private Egyptian companies, is expected to be fully operational by next week, according to a report by Ashraq Business released on […]
AI urges Egypt to end reprisals against hunger-striking detainees
Amnesty International has called on Egyptian authorities to halt reprisals against prisoners at 10th of Ramadan Prison who have been protesting against their arbitrary detention through a hunger strike. The detainees began their strike in early January 2025, demanding the release of those held in pretrial detention for over six months, the right to outdoor […]
Sudan’s paramilitary RSF sign transitional constitution amid escalating conflict
In a move that intensifies Sudan’s ongoing civil war, the paramilitary Rapid Support Forces (RSF) and allied rebel groups Tuesday (4 February) signed a transitional constitution in Nairobi. The new constitution formalizes the RSF’s control over eight territories and outlines plans for a joint army with the Sudan People’s Liberation Movement (SPLM). This action comes […]
Arab leaders reject Trump’s Gaza plan, endorse Egyptian reconstruction proposal
Arab leaders have firmly rejected US president Donald Trump’s controversial plan to displace Palestinians from Gaza and redevelop the region, endorsing an Egyptian-proposed reconstruction plan instead. The $53 billion plan, approved at an emergency summit in Cairo on Tuesday (4 February), aims to rebuild Gaza while keeping Palestinians in the enclave and excluding Hamas from […]