Tag
EGYPT
News and analysis about Egypt
This report explores the top 10 countries with the highest Traffic Index in 2025, offering insight into the scale of the challenge and the patterns that unite the world’s most gridlocked nations.
This article highlights African countries based on the average cost of a single-entry tourist visa for intra-continental travel.
Morocco has emerged as Africa’s leading travel destination, generating a record $11 billion in tourism revenue in 2024 and welcoming 17.4 million visitors.
In 2023, the top ten recipient countries of remittances in Africa received $72.5 billion.
Egypt’s debt crisis deepens as foreign debt rises by $3.5 billion in three months
Following a significant influx of about $57 billion in financial aid from various allies and development partners, Egypt is set to receive an additional $400 million in budget support from the United Kingdom. This is according to a report from Bloomberg.
Egypt started paying off debts it owes foreign oil and gas companies operating in the country having set aside $1.5bn for the payments.
Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister.
Egypt is set to recieve a fresh $6bn in support from the World Bank Group to tackle its poor economy.
Egypt is set to receive an $8.1 billion (7.4 billion Euros) funding package from the European Union amidst a humanitarian push by the EU to help Egypt’s ailing economy.
The European Union (EU) has disclosed plans to provide around €7.4 billion support to Egypt as part of effort to stabilise its economy according to reports from Bloomberg.
Egypt has successfully negotiated an expansion of its International Monetary Fund's (IMF) bailout package to $8 billion, following the government's bold decision to allow the Egyptian pound to plummet to an unprecedented low against the US dollar.