Egypt

The International Monetary Fund (IMF) recently conducted a mission in Egypt, which offered intriguing insights into the nation’s economic landscape. After a thorough assessment, the IMF emphasized a single, pivotal need for Egypt: broadening its tax base. This step is crucial for reinforcing the progress Egypt has made toward achieving greater macroeconomic stability. "Egypt has made substantial progress toward macroeconomic stability," remarked Vladkova Hollar, the IMF Mission Chief for Egypt. Such affirmations from…

Intensifying Brand Competition in Africa In the ever-changing landscape of mobile telecommunications, TRANSSION has maintained its dominance in Africa, boasting a 47% market share. However, it’s worth noting that this figure has dipped by 5% compared to the previous year. As veteran vendors steady their ships, new competitors are rising to the occasion, armed with innovations and savvy marketing strategies. Samsung captured 21% of the market, primarily thanks to its popular A-series phones, which continue to resonate…

Egypt Condemns Devastating Attack in Mogadishu Mogadishu (AX) – In a profound expression of empathy and solidarity, Egypt has condemned the tragic suicide bombing that occurred at the Damanyo military base in Mogadishu on Sunday. This heinous act took the lives of at least 20 individuals and left 15 others with grievous injuries. Such events raise difficult questions: How can communities come together in the face of such violence? What steps must be taken to foster resilience and healing? The Egyptian Foreign Ministry…

The recent unearthing of a remarkable assemblage has shed light on ancient practices, showcasing an impressive collection that transcends mere artifacts. Among these, stone and wooden coffin lids sit side by side, each carrying whispers of the past. The intricacies of these pieces invite one to ponder: what stories do they tell? They are not just objects; they are relics of a bygone era, steeped in culture and craftsmanship. Of particular note are the funerary masks, meticulously fashioned from both pottery and gilded…

In a significant step towards bolstering its maritime and logistics capabilities, Egypt's Suez Canal Economic Zone recently entered into a 50-year concession agreement with the Abu Dhabi Ports Group (AD Ports). This agreement sets the stage for the creation of a sprawling 20-square-kilometre logistics and industrial hub east of Port Said. In a televised announcement on Sunday, the managing director of AD Ports conveyed the excitement surrounding this ambitious project. At the heart of this agreement is an…

Egypt's Commitment to Somalia and the AUSSOM Initiative On April 25, 2025, in the serene surroundings of Entebbe, Uganda, a significant gathering took place—the Extraordinary Summit of the Troop Contributing Countries (TCCs) to the African Union Support and Stabilisation Mission in Somalia (AUSSOM). Under the leadership of Prime Minister Mostafa Madbouly, Egypt's delegation joined hands with international partners to address pressing challenges in Somalia, a nation that has faced decades of turmoil and strife.…

Strategic Implications in the Red Sea: A Call for Collaboration and Control In a recent gathering that underscored the importance of regional cooperation, Guelleh articulated a shared commitment among nations to protect the Bab el-Mandeb Strait—a pivotal juncture linking the Red Sea and the Gulf of Aden. “We support free maritime trade and greater coordination between regional states to protect this vital passage,” he stated, highlighting the essential role this strategic chokepoint plays in global trade. Discussions among…

The European Commission made a significant announcement on Wednesday, designating several nations—including Egypt and Tunisia, both of which face considerable scrutiny regarding their human rights records—as "safe countries" for the return of failed asylum seekers. This decision has sparked a flurry of debate and concern among human rights organizations and advocates. Critics of the updated list argue that it effectively allows EU member states to expedite asylum applications from the nationals of these countries,…

In a noteworthy stride towards fortifying economic ties, Qatar and Egypt have unveiled plans to collaborate on a substantial $7.5 billion investment package. This was revealed in a joint communiqué issued by the Egyptian president's office, underscoring a strategic alliance aimed at nurturing Egypt's financial landscape. Why is this significant? Egypt is currently navigating a path fraught with economic challenges, including a burgeoning foreign debt and a budget deficit that looms larger by the day. The…

Dialogue and Diplomatic Ties: Somalia's Regional Engagement In a landscape where the echoes of history continuously shape the present, the recent discussions between Somali and Egyptian officials shone a spotlight on broadening alliances and nuanced diplomacy. Somalia and Egypt, in their deepening dialogue, navigated topics that resonate beyond their immediate borders, touching upon aspirations for collective peace and integration in the broader region. Interestingly, the possibility of trilateral cooperation with…