Egypt

Egypt and Turkey Rush to Resolve Libya's New Crisis

8 months ago

In recent weeks, international politics in North Africa has once again escalated. Egypt and Turkey, two countries that were previously on opposite sides of the Libyan conflict, are now actively engaged in efforts to mitigate a new crisis in Libya. This swift rapprochement indicates both nations' desire to ensure stability in a region that has long suffered from internal strife and external interventions.

Egypt Aims to Boost Tourism with New Megaprojects on the Red Sea

9 months ago

As part of an ambitious strategy to increase tourist flow, Egypt has earmarked several locations along the Red Sea coast for the development of new large-scale tourism projects. The government is targeting investment in the tourism sector to significantly increase visitor numbers and contribute to economic recovery following the impacts of the COVID-19 pandemic.

Inflation in Egypt Begins to Rise Due to Fuel Price Hike

9 months ago

Inflation in Egypt has resumed its upward trend after several months of stability, a result of the recent increase in fuel prices. According to the latest data released by the National Statistics Authority, the inflation rate in the country rose by 1.8% in August compared to the previous month. Even more concerning is that the annual inflation rate reached 38.2%, marking the highest level seen in recent months.

Egypt Keeps Rates High Amid Inflation from Subsidy Cuts

9 months ago

The Egyptian government has decided to maintain high interest rates to combat rising inflation caused by subsidy cuts. This decision by the central bank was made in the face of uncertainty stemming from the economic challenges confronting the country. Keeping the rates elevated aims to limit inflationary pressure and stabilize the economic situation.