Egypt Local Market.

Egypt’s Middle Class Grapples with IMF-Backed Reforms Amid Economic Crisis

Egypt’s economy, once buoyed by a thriving middle class and ambitious development projects, now finds itself in the grips of a prolonged crisis. Amid a series of International Monetary Fund (IMF)-backed economic reforms, the middle class, long considered the backbone...
Crude Oil

Egypt’s Inflation Continues to Climb Amid Rising Fuel Costs

Egypt’s inflation rate nudged higher for the third consecutive month in October, primarily due to a significant rise in fuel prices as the government continues to enact subsidy cuts to shore up its budget. Annual consumer prices in Egypt's urban...
Middle East in Turmoil: A Year of War Reshapes the Region

Egyptian President Calls for Gaza Truce, Hostage Exchange in Hopes of Ending Israel-Hamas War

In the Middle East, Egyptian President Abdel Fattah al-Sisi on Sunday proposed a two-day ceasefire in Gaza. The truce, aimed at halting over a year of conflict between Israel and Hamas, is paired with a limited exchange of hostages in...
Egypt’s Involvement in Horn of Africa: Risks, Tensions, and Path to De-escalation

Egypt’s Involvement in Horn of Africa: Risks, Tensions, and Path to De-escalation

Egypt has taken significant steps to deepen its involvement in the geopolitically crucial and conflict-ridden Horn of Africa, a region long marked by internal strife, external interventions, and deep-seated rivalries. Egypt’s decision to arm Somalia and deploy troops in the...
KA-52 Attack Helicopters

Egypt bolstered military capabilities Amid Middle East Tensions with Russian-made KA-52 Attack Helicopters and “Vikhr” Long-Range Anti-Tank Missiles

Egypt has reportedly bolstered its military capabilities by acquiring a significant quantity of long-range anti-tank missiles, the Vikhr-1. These missiles are designed for use with its Russian-made KA-52 “Alligator” attack helicopters, enhancing Egypt's defense potential in a region marked by...
Egypt Security

New Security Arrangement Between Egypt and Somalia Raises Regional Concerns Amidst Ethiopia Tensions

Egypt has announced a new security arrangement with Somalia, a landmark deal that will see Egyptian soldiers stationed in Somalia to cooperate directly with their Somali counterparts. The stated aim is to bolster regional security, aligning with the African Union’s...
Ethiopia

Ethiopia is Evolving and Changing

In 2023, the BRICS group expanded to include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Ethiopia, an unlikely BRICS candidate, sought to join the group relentlessly, despite its poor economy and internal strife. Previously, Ethiopia was a favorite...
Egypt

Egypt’s Political Landscape Altered by El-Sisi’s Decisive Election Win

Egyptian President Abdel Fattah El-Sisi has been elected for a new six-year term with 89.6% of the vote, according to the National Elections Authority. The election saw a 66.8% turnout of over 67.3 million registered voters, with 44.8 million people...
Saudi Arabia, Crown Prince Mohammed bin Salman Al Saud (MBS)

First Saudi Arabia-Africa Summit: Overcoming Obstacles for a Promising Future

The maiden Saudi Arabia-Africa summit took place in Riyadh on 10 November, aiming to strengthen relations between Saudi Arabia and African states and strengthen economic and diplomatic ties. Over 50 leaders attended, including presidents of Djibouti, Egypt, Ethiopia, Gabon, Kenya,...
Palestinians wait to cross into Egypt at the Rafah border crossing in the Gaza Strip

Humanitarian Crisis in Gaza: Why Egypt and Other Arab Countries Refuse to Open Their Doors to Palestinian Refugees

CAIRO As Palestinians in Gaza seek refuge amid Israel's relentless bombardment, neighboring Egypt and Jordan refuse to accept them. Egypt's President Abdel Fattah el-Sissi and Jordan's King Abdullah II have expressed concerns that Israel aims to force a permanent expulsion...
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