Browsing: Egypt

Reuters news agency has reported that talks are under way in Paris in what appears to be the most serious…

In a recent development that highlights Egypt’s ongoing economic challenges, the Ministry of Education has issued a directive prohibiting the collection of tuition fees in foreign currencies for Egyptian students in private and international schools amid a severe economic crisis and the scarcity of foreign currencies in the country. However, some private and international schools continue to demand payments in US dollars.

Steven Sahiounie, journalist and political commentator Saudi rains fire down on Israel Israeli Prime Minister Benjamin Netanyahu stated in late…

Abu Dhabi-backed ADQ will acquire development rights for $24bln, Egyptian government to retain a 35% stake in project

WASHINGTON: Talks with Egypt to boost its International Monetary Fund loan program are making excellent progress, the IMF said on Thursday, saying that Egypt needs a “very comprehensive support package” to deal with economic challenges, including pressures from the war in Gaza.

Egypt is set to see GDP growth slow to 3.2% in fiscal year 2023/24, before increasing gradually to 5.1% by fiscal year 2025/26, according to the Organisation for Economic Co-operation and Development (OECD).

Egypt’s leaders have warned that the UN Security Council’s repeated failure to adopt a peace resolution and ceasefire in the…

The International Court of Justice (ICJ) in The Hague continued its public hearings on the legal consequences arising from Israel’s…

The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis

Citing IFC’s Regional Director for North Africa Cheick-Oumar Sylla