EU releases another $1.06B to Egypt to boost fragile economy

The European Union's latest package of support for the North African country's economic recovery follows an $8 billion deal announced March 17.

Egypt

Al-Monitor/Premise poll finds Biden's unpopularity in Mideast makes room for China, Russia to outshine US

Washington’s influence remains potent despite its perceived disengagement from the Middle East, but Russia and China are eagerly finding gaps to fill.

Egypt

Interview

Incoming legislation to make 'big difference' for Egypt's fintechs, MNT-Halan CEO says

Mounir Nakhla told Al-Monitor that although financial inclusion has increased in Egypt over the past few years, much of the country's population is still unbanked.

Mounir Nakhla

CEO of MNT-Halan

Growing Middle East economic and investment cooperation caught between tailwinds and headwinds

Lebanon, Yemen, Egypt rank least happy countries in Middle East

The Middle East and North Africa are the two regions where “happiness has fallen at every age.”

Lebanon

Gaza war tests East Med gas integration and national energy security

Gerald Kepes

In Washington, DC, reporting on regional energy trends

Analysis

Beyond migration, what does EU's $8bn package mean for Egypt?

The 27-member bloc's 7.4 billion euros in funding in the North African country will be disbursed over the next three years and cover economic and trade relations, energy and immigration.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

EU readies $8B aid package for Egypt to help economy, stem immigration

European Commission President Ursula von der Leyen is set to travel to Cairo Sunday with the Belgian, Italian and Greek prime ministers to complete and announce the aid agreement for Egypt.

Egypt

Saudi Arabia, Qatar, Egypt among world's top arms importers: SIPRI

Concerns about Iran drove Gulf states’ weapons imports, while imports by Morocco and Algeria fell in the past four years, according to the Stockholm International Peace Research Institute.

Saudi Arabia

Will UAE's $35B investment help Egypt recover from financial crisis?

The Gulf state has stepped in with a major deal that could throw an economic lifeline to President Abdel Fattah al-Sisi's government.

Egypt

Egypt’s pound falls 60% amid currency float, $5B IMF deal

Egypt announced that it had expanded a previously $3 billion loan program with the International Monetary Fund after the decision to float the currency was made public.

Egypt

New Egyptian company to raise expat funds gets $100m seed investment

The project is designed to bring in much-needed foreign currency into the North African country, which is going through its worst economic crisis in more than half a century.

Egypt