Egypt
Egypt’s annual inflation jumps to 16.5% in May
Egypt’s annual inflation rate surged to 16.5 percent in May, up from 13.5 percent in April, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt continues to strengthen its economic and diplomatic footprint in Africa, with Minister Badr Abdelatty engaging in key meetings with African officials on Wednesday.
Badr Abdelatty, the Egyptian Minister of Foreign Affairs © Mena Today
Egypt continues to strengthen its economic and diplomatic footprint in Africa, with Minister Badr Abdelatty engaging in key meetings with African officials on Wednesday.
These discussions are taking place on the sidelines of the African Union (AU) ministerial meeting in Addis Ababa, a precursor to the AU Summit scheduled for February 15-16.
As part of its growing involvement in African affairs, Egypt is backing Hanan Morsy as a candidate for the position of Vice President of the AU Commission. Her candidacy aligns with Cairo’s broader strategy of reinforcing its influence and leadership within the continent’s key institutions.
Egypt has historically maintained a unique geopolitical position, balancing its engagement between Africa and the Middle East. Since President Abdel Fattah El-Sisi came to power, Cairo has pursued a proactive African diplomacy, aiming to deepen ties with African nations, enhance economic partnerships, and play a more significant role in regional stability.
Egypt's active participation in the AU ministerial meeting reaffirms its commitment to the African agenda, focusing on economic integration, infrastructure development, and political stability. With its strategic vision and diplomatic resurgence, Cairo is positioning itself as a key player in Africa’s future.
By Bruno FINEL
Egypt’s annual inflation rate surged to 16.5 percent in May, up from 13.5 percent in April, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Ghana said on Thursday it views a Moroccan autonomy plan as the sole basis to settle the Western Sahara dispute within the framework of the UN, aligning itself with a growing number of Western, African and Arab countries that back Rabat's position on the dispute.
Greece and Egypt have agreed to safeguard the status of one of the world's oldest sites of Christian worship, foreign ministers of both countries said late on Wednesday, after an Egyptian court ruling last week cast uncertainty over its future.
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