Egypt's President Abdel Fattah al-Sisi announced Thursday that regional challenges, including nearly 100 attacks by Houthi fighters on ships in the Red Sea since last November, have resulted in a significant loss of revenue from the Suez Canal. According to Sisi, Egypt witnessed a 60% decrease in canal revenues in 2024 compared to the previous year, amounting to approximately $7 billion. The attacks, which were in solidarity with Palestinians, have disrupted global trade, forcing shipping firms to reroute vessels around Africa, leading to delays and increased costs.
Speaking at the IMF Spring Meetings in Washington D.C., the Managing Director of the International Monetary Fund (IMF), Kristalina
Tunisia is one of four host nations for Africa Lion 2025 (AL25) as this annual multinational exercise kicks off, with
A Hamas delegation in Cairo has discussed with Egyptian mediators the possibility of an end to the war in Gaza
Algeria’s Justice Minister Lofti Boudjemaa has stated that prison sentences for financial speculation and market manipulation will now range
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