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 on the sidelines of the 5th edition of the Fez-Meknes Economic Forum, earlier this week, Adam Elhiraika, Director of
Indian prime minister Narendra Modi is embarking on a five-nation tour of Africa, Latin America, and West Asia in early
Russia has quietly established Guinea’s port of Conakry as a critical supply route to Mali, bypassing its military coups
A Tunis court has sentenced former president Moncef Marzouki to 22 years in prison in absentia for terrorism-related charges, according
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
