Egypt projects 4% growth in 2025 amid strong economic reforms

Egypt projects 4% growth in 2025 amid strong economic reforms
Session titled “The Regional Economic Outlook of 2025,” (AN photos)
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Updated 13 February 2025

Egypt projects 4% growth in 2025 amid strong economic reforms

Egypt projects 4% growth in 2025 amid strong economic reforms
  • Results of fiscal discipline, says economy minister Rania Al-Mashat
  • Increased capital inflows, foreign direct investment being recorded

DUBAI: Egypt is likely to record 4 percent growth at the end of 2025, the nation’s Planning and Economic Development Minister Rania Al-Mashat said at the World Governments Summit on Wednesday.

In a session titled “The Regional Economic Outlook of 2025,” Al-Mashat, presented an optimistic view of Egypt’s trajectory amid global challenges.

Panelists during the session addressed disruptions Egypt has faced, notably the 70 percent decline in Suez Canal revenues.

In addition, they highlighted geopolitical tensions stemming from President Donald Trump’s recent threats to displace Palestinians to Egypt and Jordan.

Despite these challenges, Al-Mashat emphasized Egypt’s resilience and strategic economic measures.

“At the outset, macroeconomic stability is a necessary condition for growth and private sector engagement,” she said.

She detailed Egypt’s home-grown program with the International Monetary Fund since March 2024, focusing on fiscal consolidation, reducing domestic debt, stringent public investment discipline, and tighter monetary policy to control inflation.

These measures have restored macroeconomic stability, leading to increased capital inflows and foreign direct investment.

Al-Mashat reported 3.2 percent growth in the first quarter of the 2024/2025 fiscal year, with notable performance in the manufacturing sector, signifying stronger integration with global value chains.

However, she stressed that macroeconomic stability alone was insufficient without structural reforms aimed at increasing competitiveness, private sector involvement, and promoting the green transition.

Egypt has attracted nearly $4 billion in renewable energy investments over the past year, positioning itself as a regional energy hub.

“Agility and resilience are key,” she noted, projecting a 4 percent growth rate by year-end, despite global headwinds such as inflationary pressures and monetary policy shifts.

Al-Mashat concluded by emphasizing Egypt’s proactive stance in financing for development, including domestic resource mobilization, debt swaps, and concessional finance for the green transition, all vital for Egypt’s economic future.


Egypt blames Ethiopia’s Nile dam for flooding

Egypt blames Ethiopia’s Nile dam for flooding
Updated 12 sec ago

Egypt blames Ethiopia’s Nile dam for flooding

Egypt blames Ethiopia’s Nile dam for flooding
  • Cairo says unusually high water levels are result of the east African country’s mismanagement of new controversial dam
  • Flooding also hit Sudan, which borders both Egypt and Ethiopia, prompting scores of villagers to evacuate
CAIRO: Egypt on Friday blamed Ethiopia for the rising Nile River waters and flooding this week in two of its northernmost provinces, claiming the unusually high water levels are due to the east African country’s mismanagement of its new controversial dam on the river.
The floods in Beheira and Menoufia provinces in the Nile Delta in Egypt have submerged farmland and flooded village homes, many built illegally on silt deposits and sediments along the canals crisscrossing the delta.
Videos posted online Friday show residents in Menoufia wading through waist-deep water and partially submerged homes. In Ashmoun, farmers and residents were urged to urgently leave their lands and homes.
The extend of the damage by the floods in Egypt was not immediately known and officials in Menoufia could not be reached for comment and information about the damage.
Earlier this week, flooding along the Nile in war-stricken Sudan, which borders both Egypt and Ethiopia, prompted scores of villagers there to evacuate their homes. The UN migration agency, the International Organization for Migration, said on Thursday that about 100 households in Khartoum were also flooded.
Egypt now says that it was forced to discharge waters from its High Aswan Dam on the Nile in the country’s south, because it could not hold back rising water levels coming in from Ethiopia, more than 2,000 kilometers (1,250 miles) away.
Ethiopia earlier this month inaugurated the Grand Ethiopian Renaissance Dam, Africa’s largest dam, to boost its economy. The nearly $5 billion dam, located on the Blue Nile — one of the two main tributaries of the Nile — near Ethiopia’s border with Sudan, is expected to double Ethiopia’s electricity generation capacity, according to officials.
But Egypt and Sudan say the dam in Ethiopia was in violation of an agreement — dating back to the colonial times — on how they should share Nile water resources.
On Friday, Egypt’s Ministry of Water Resources and Irrigation said in a statement that it was “closely monitoring developments” linked to what it says is “reckless unilateral actions by Ethiopia in managing its illegal dam, which violates international law.”
Ethiopia’s actions pose a “direct threat to the lives and security of the peoples of downstream countries,” the statement said.
Ethiopia says it is not responsible for the floodings downstream and that its new dam on the Blue Nile has actually helped in “reducing the catastrophic effect” the floods could otherwise cause in neighboring Sudan.

Erdogan tells Trump Israel must stop attacks for peace plan to succeed

Erdogan tells Trump Israel must stop attacks for peace plan to succeed
Updated 7 min 3 sec ago

Erdogan tells Trump Israel must stop attacks for peace plan to succeed

Erdogan tells Trump Israel must stop attacks for peace plan to succeed
  • In a call, Turkish president tells his US counterpart, that Turkiye is working hard to achieve regional peace
  • Turkiye, which has called Israel’s attacks on Gaza a genocide, has voiced support for Trump’s plan to end Gaza war

ANKARA: President Tayyip Erdogan told US counterpart Donald Trump in a phone call on Friday that Turkiye welcomed efforts to reach peace in the region, but that Israel must stop its attacks for efforts to be successful, the Turkish presidency said.
Erdogan and Trump met at the White House last month for the first time in six years, for a meeting that the Turkish leader said helped the NATO allies make “meaningful progress” on a range of issues.
In a statement, the presidency said the two had discussed bilateral ties in the call requested by the US side, adding that Erdogan stressed the importance of taking steps to boost their cooperation, namely in the defense industry.
Erdogan also said that their meeting had strengthened ties, it added.
The two leaders also discussed the situation in Gaza, the presidency said, adding that Erdogan told Trump that Turkiye was working hard to achieve regional peace and welcomed initiatives aimed at that goal.
“Erdogan emphasized that Turkiye had increased its diplomatic contacts for peace, that it would continue to support (Trump’s) vision for global peace, and that Israel stopping its attacks is important for the success of initiatives aimed at achieving peace in the region,” it said.
Turkiye, which has called Israel’s attacks on Gaza a genocide and halted all trade with Israel, has voiced support for Trump’s latest plan to end the war in Gaza.


EU appeals for calm in Morocco

EU appeals for calm in Morocco
Updated 14 min 47 sec ago

EU appeals for calm in Morocco

EU appeals for calm in Morocco
  • Many Moroccans feel that the public health and education sectors should be improved as the kingdom pushes forward with major infrastructure projects to host the Africa Cup of Nations in December and part of the 2030 World Cup

BRISSELS: The EU has called on “all parties” to “keep calm” in Morocco, which has been rocked by anti-corruption protests.
“We recognize the importance of youth participation in public life and call on all parties involved to keep calm,” EU foreign affairs spokesman Anouar El Anouni said in Brussels.
The group leading Morocco’s mass protests called on Friday for the government’s dismissal, following days of unrest.
The demand came after fresh demonstrations demanding reforms to the health and education sectors took place on Thursday, a sixth consecutive day of largely peaceful protests pockmarked with spates of violence.
“We demand the dismissal of the current government for its failure to protect the constitutional rights of Moroccans and respond to their social demands,” protest group GenZ 212 said.
The group, whose organizers remain unknown, also demanded the “release of all those detained in connection with the peaceful protests.”
The rallies across the usually stable country have been fueled by anger over social inequality, particularly following reports last month of the deaths of eight pregnant women at a public hospital in the city of Agadir.
Many Moroccans feel that the public health and education sectors should be improved as the kingdom pushes forward with major infrastructure projects to host the Africa Cup of Nations in December and part of the 2030 World Cup.
GenZ 212 has largely used the Discord online messaging platform to spread its calls for protest, and has repeatedly distanced itself from the violence and vandalism seen in some cities.
In the capital Rabat on Thursday, demonstrators carrying Moroccan flags demanded “health and not just stadiums,” according to  journalist, who said there were no violent incidents.
Other rallies were reported in Casablanca, Marrakech and Agadir, also with no sign of unrest.
Earlier on Thursday, Prime Minister Aziz Akhannouch said in his first public address since the unrest started that his government was willing to “engage in dialogue” and “respond to the (protesters’) demands.”

 


Israeli army ‘dropped grenades’ near Lebanon UN peacekeepers

Israeli army ‘dropped grenades’ near Lebanon UN peacekeepers
Updated 03 October 2025

Israeli army ‘dropped grenades’ near Lebanon UN peacekeepers

Israeli army ‘dropped grenades’ near Lebanon UN peacekeepers
  • UNIFIL said Israeli forces dropped grenades as its troops worked alongside Lebanese soldiers near the Israeli border
  • Statement urged Israeli army to cease attacks near peacekeepers, civilians, and Lebanese soldiers

BEIRUT: The United Nations Interim Force in Lebanon said Friday that the Israeli military had dropped grenades near its peacekeepers in south Lebanon the day before, urging the army to stop such attacks.
UNIFIL peacekeepers have been working with the Lebanese army to support a November ceasefire that sought to end more than a year of hostilities between Israel and militant group Hezbollah that culminated in two months of open war.
The latest incident comes a month after UNIFIL said Israeli drones had dropped four grenades near peacekeepers, with Israel insisting at the time that there was “no intentional fire” directed at the force on that occasion.
“Yesterday, the Israel Defense Forces (IDF) dropped grenades near peacekeepers working alongside Lebanese soldiers to provide security for civilian workers” in Maroun Al-Ras near the Israeli border, a UNIFIL statement said Friday, adding that nobody was hurt.
The workers “were trying to clear the ruins of homes destroyed due to the war,” and peacekeepers had informed the Israeli army of the activity in advance, UNIFIL added.
In one incident, the statement said, two groups of peacekeepers “heard a grenade explode near an excavator” around 500 meters (yards) away.
“Moments later, the first group saw a drone fly overhead and witnessed an explosion about 30-40 meters away,” it added.
Soon after, “the second group saw another drone drop a grenade that exploded just 20 meters over their heads.”
Under the US-brokered ceasefire, Hezbollah and Israel were both required to withdraw from south Lebanon, while UNIFIL deployed there alongside the Lebanese military, in part to help dismantle Hezbollah infrastructure.
Israel has kept up regular strikes on what it says are Hezbollah targets despite the truce, and has maintained its troops in five locations it deems strategic.
UNIFIL said Friday’s attack demonstrated disregard for peacekeepers “and the stability they are working to restore.”
“Such actions also constitute a serious violation of (United Nations) Security Council resolution 1701,” it added, referring to a resolution that ended a 2006 conflict between Israel and Hezbollah and formed the basis of the November ceasefire.
The statement urged the Israeli army “to cease attacks on or near peacekeepers, civilians, and Lebanese soldiers and allow us to carry out our mandated tasks without obstruction.”
UNIFIL has been deployed since 1978 to separate Israel and Lebanon, and numbers some 10,000 personnel from almost 50 countries.
In August, the Security Council voted to end UNIFIL’s mission in 2027.


UK Foreign Office ‘very concerned’ about Gaza flotilla detainees

UK Foreign Office ‘very concerned’ about Gaza flotilla detainees
Updated 03 October 2025

UK Foreign Office ‘very concerned’ about Gaza flotilla detainees

UK Foreign Office ‘very concerned’ about Gaza flotilla detainees
  • Around 470 activists taken by Israeli forces in international waters to be sent to jail in Negev Desert
  • ‘We expect the situation to be resolved safely, in line with international law and with due respect for the rights of all those on board’

LONDON: The UK Foreign Office has voiced its concern over the fate of around 470 activists set to be taken by Israeli authorities to a prison in the Negev Desert.

The activists — including environmentalist Greta Thunberg, Nelson Mandela’s grandson Mandla Mandela and a former Royal Air Force pilot — were part of the Global Sumud Flotilla trying to break the siege of Gaza.

They were arrested by Israeli forces in international waters before being transferred to the city of Ashdod for processing.

Before being boarded, Thunberg posted a video message to social media saying: “If you’re watching this video, I’ve been abducted and taken against my will by Israeli forces. Our humanitarian mission was non-violent and abiding by international law.”

Many of the activists will be taken to Ketziot prison, which is known for violent treatment of Palestinian detainees, for several days before they are deported.

Clare Azzougarh, daughter of 72-year-old RAF veteran Malcolm Ducker, told The Times: “This is where they keep Palestinians accused of terrorism, so I have concerns about their welfare — this looks punitive.

“They said it is because there are so many of them and they need to keep them together but I don’t believe that for a second.”

She said she had seen footage of her father being hit with water cannons fired by Israeli military vessels.

“The people on his boat all decided to ditch their phones when they were intercepted to avoid their data and contacts being taken by the Israelis,” she added.

Itamar Ben-Gvir, Israel’s far-right national security minister, posted on X: “I think they must be kept here in an Israeli prison for a few months, so that they can smell the scent of the terrorist wing.

“There can be no situation in which the prime minister sends them again and again and again to their countries — and this sending causes them to return again and again and again.”

The UK Foreign Office said it is “very concerned” about the wellbeing of the activists, with South Africa, Colombia, Spain, Malaysia, Brazil and Pakistan lodging official protests with Israel at their detention.

A Foreign Office spokesman said in a statement: “We are very concerned about the situation with the Sumud flotilla. We are in touch with the families of a number of British nationals involved and we have been in contact with the Israeli authorities to make clear that we expect the situation to be resolved safely, in line with international law and with due respect for the rights of all those on board.

“The aid carried by the flotilla should be turned over to humanitarian organisations on the ground to be delivered safely into Gaza.”

Four Italian MPs aboard the flotilla were released quickly, the country’s Foreign Ministry said, after Prime Minister Giorgia Meloni claimed that the flotilla could endanger peace talks to end the war in Gaza and condemned strikes in her country in protest against the arrests.

Around 30,000 people took to the streets of Milan on Friday as train services nationwide were canceled.

The day before, protesters targeted a conference in Turin due to host EU Commission President Ursula von der Leyen and Amazon founder Jeff Bezos, while 10,000 people marched through Rome on Wednesday.

Protests were also held in Florence and Bologna, as well as in Greece, Germany, Tunisia and Turkiye. On Thursday, as many as 150,000 people marched through Barcelona in Spain.