Business Features Finance Headlines

Nigeria’s rebased GDP rises, but Africa’s richest title remains elusive

Nigeria’s economy has officially grown larger — at least on paper — but the West African country still remains the continent’s fourth-largest economy, behind South Africa, Egypt, and Algeria. Following a long-awaited GDP rebasing, the National Bureau of Statistics (NBS) revised the country’s nominal output for 2024 to ₦372.8 trillion ($243 billion), up from ₦314 […]

Egypt Features Headlines

Egypt’s Environment Minister Yasmine Fouad Resigns to Lead UN Desertification Body

Egypt’s Environment Minister, Dr Yasmine Fouad, has officially resigned to assume her new post as Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD), the Egyptian cabinet confirmed on Sunday, July 20. Prime Minister Mostafa Madbouly accepted her resignation and appointed Local Development Minister Manal Awad to temporarily oversee the Environment portfolio alongside […]

Europe Features Headlines International

EU AND MOROCCO ADVANCE MIGRATION PARTNERSHIP AMID STRATEGIC REALIGNMENT

The European Union and Morocco are negotiating a comprehensive partnership agreement focused on migration management and border control, marking a significant deepening of bilateral relations as Brussels seeks to stabilize irregular migration flows from North Africa. European Commission officials confirmed discussions model the framework on existing agreements with Tunisia, Egypt, and Jordan, providing financial and […]

Business Emerging Markets Features Headlines

NORTH AFRICA PIVOTS TO BLACK SEA WHEAT AS RUSSIA DOMINATES REGIONAL SUPPLY

North Africa’s wheat import landscape has undergone a dramatic transformation, with Black Sea suppliers now controlling 75 percent of the market as European Union share plummets to 25 percent, according to the U.S. Department of Agriculture’s latest analysis. The region, comprising Egypt, Libya, Tunisia, Algeria, and Morocco, represents 15 percent of global wheat imports. During […]

Egypt Features Headlines

Egypt Taps Desert Wonders to Boost Non-Traditional Tourism and Economic Sustainability

Egypt’s Ministry of Tourism has unveiled a sweeping initiative to revitalise non-traditional tourism by spotlighting its vast desert landscapes and unique natural heritage. Key attractions such as Al-Gara Cave and Umm Al-Sughair Oasis are now at the heart of new desert tourism routes, while popular one-day trips to the Siwa Oasis and nearby sites like […]

Egypt Features Headlines

Cairo Hosts Trilateral Talks to Advance Gaza Ceasefire and Humanitarian Aid

Cairo is currently hosting high-level delegations from Egypt, Qatar, and Israel for critical discussions focused on securing a ceasefire in Gaza and facilitating the delivery of humanitarian assistance. According to Egypt’s Al-Qahera News, the tripartite talks address the urgent need for aid entry, patient evacuation, and the safe return of individuals stranded due to the […]

Egypt Headlines

Egypt confirms no cases of new COVID variant Nimbus recorded

Egyptian health authorities have confirmed that the new COVID-19 variant NB.1.8.1, known as Nimbus, has not been detected within the country. Hossam Hosni, head of the Health Ministry’s Scientific Committee to Combat Coronavirus, stated during a televised interview that all surveillance methods indicate the virus has not entered Egypt. While the variant—currently under monitoring by […]

Egypt Headlines

Egypt Telecom Regulator Mandates Free Data After Ramses Exchange Fire

The National Telecommunications Regulatory Authority (NTRA) has ordered all telecom operators in Egypt to compensate users affected by the recent fire at the Ramses Central Exchange in Cairo by granting free internet data. Mobile customers are each entitled to 1 GB of free data, while fixed-line users will receive 10 GB. Where fixed internet remains […]

Business Egypt Emerging Markets Headlines International Morocco

Morocco, Egypt profit as global fertilizer prices surge 15 percent

Two African nations have emerged as unexpected beneficiaries of global fertilizer market disruptions, with Morocco and Egypt capitalizing on geopolitical tensions to establish themselves as alternative suppliers to Europe amid a 15 percent price surge in 2025. World Bank data released this week reveal dramatic price increases across fertilizer categories, with triple superphosphate jumping 43 […]

Algeria Emerging Markets Finance

Egypt’s Central Bank raises cash withdrawal limit, extends bank hours amid telecom disruptions

The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]