Egypt’s Prime Minister, Mostafa Madbouly, has announced that the country’s unemployment rate dropped to 6.4% in the fourth quarter (Q4) of the 2024/2025 fiscal year. This marks one of the …
EGYPT
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AfricaEconomyEgyptNorth Africa
Egypt’s Economic Reform Program: IMF Approves $1.2 Billion Disbursement Amidst Inflation Challenges
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the completion of the fourth review of the country’s economic reform program. This decision underscores the …
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AfricaAFRICA NEWSEgyptNorth Africa
Heirs of Egyptian billionaire Mohamed Al-Fayed at war over $2 billion fortune
by Editorby EditorThe passing of Egyptian billionaire businessman Mohamed Al-Fayed, the former owner of Harrods department store and father of the late Dodi Fayed, has ignited a fierce contest among his four …
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AFRICA NEWSEgyptNorth Africa
Egyptian billionaire Ghabbour family suffers $26 million loss
by Editorby EditorThe Egyptian billionaire Ghabbour family has seen the market value of their equity stake in GB Corp slump by more than $26 million over the past 43 days due to …
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AfricaAFRICA NEWSAgricultureEconomyEducationHospitalNorth Africa
Overpopulation Egypt’s biggest obstacle for economic prosperity, says El Sisi
by Editorby EditorPresident said high birth rates are the main reasons behind the country’s struggling education and health sectors Egypt’s high birth rate and its population, the largest in the Arab world, was described …
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AfricaAFRICA NEWSBusiness PoliciesNorth Africa
Egypt: Gold-buying mania as national currency loses value
by Editorby EditorMany want to protect their saving by hoarding gold, but that has led to an exponential rise in the price of the metal, making it off-limits for other consumers. Egyptians …
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The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and …
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Banking, Finance & InvestmentEconomyEnergySouth AfricaSouthern Africa
South Africa’s growth rate would expand if it moves away from coal
South Africa could achieve higher economic growth if it moves away from coal and adopts renewable energy sources, a report by the World Bank shows. The Country Climate and Development …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern AfricaOil & Gas
Egypt and Greece reject Turkey-Libya maritime hydrocarbons deal
Egypt and Greece on Monday rejected the signing of the unity government in Libya, based on two memoranda of understanding formulated by Turkey in the field of hydrocarbon resources to …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
World Bank approves a $400m loan to Egypt for low-carbon freight railway
The World Bank has approved a $400 million loan to Egypt to develop a railway bypass for freight trains that will help improve and decarbonise the country’s transportation and logistics sector, the …