insert_link Business / Economics Egypt raises fuel prices as part of IMF-backed reforms Egypt announced Thursday a 15-percent increase in petrol prices, part of a reform package requested by the International Monetary Fund to proceed with a $5 billion loan to the cash-strapped government. The Egyptian petroleum ministry said the price hike would come into effect on Friday. The announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after […] today25 July, 2024
insert_link Opinion Pieces Houthi militant attacks in the Red Sea raise fears of Somali piracy resurgence By Samuel Oyewole, Federal University, Oye Ekiti Renewed attacks on ships by suspected Somali pirates since November 2023 have fuelled fear of a new threat of piracy off the east coast of Africa. The area at risk stretches from the Red Sea to the Gulf of Aden and the Indian Ocean. At least four ships have been hijacked off the Somalia coast since November 2023. Concern has risen […] today1 February, 2024
