Egypt

President Donald Trump announced on Sunday that he will impose an additional 10% tariff on any country that aligns with BRICS’ anti-American policies, escalating trade tensions as his July 9 deadline approaches for comprehensive tariff restructuring. What Happened: Trump posted on Truth...

French President Emmanuel Macron has rejected the proposal by President Donald Trump to convert Gaza into a real estate project. Macron emphasized the need for respect for Palestinians and their Arab neighbors. What Happened: Macron, in a CNN interview, stressed that the Gaza issue requires a...

The 2024 Summer Olympics have been full of heartwarming stories and record-breaking performances. There are also stories of defeat and heartbreak, including one that involves a close relative of Bill Gates. What Happened: Gates was seen in Paris for the 2024 Summer Olympics alongside his daughter...

The Middle East is experiencing heightened tensions Wednesday, prompting renewed and significant diplomatic efforts from global leaders to prevent a conflict that could escalate into a wider regional war. Last week, Iran, alongside its Lebanese ally Hezbollah, vowed to retaliate against Israel...

In the days leading up to Donald Trump‘s inauguration as president in 2017, a $10 million cash withdrawal in Cairo triggered a covert investigation by the Justice Department. The probe aimed to uncover potential financial backing from the Egyptian government to Trump. What Happened: The...

Centamin PLC (OTCPK: CELTF), a gold mining company focused on Egypt, announced a 25% increase in its annual profit for the year 2023. This surge in profitability is attributed to a combination of higher gold sales volume and soaring prices for the precious metal. In 2023, Centamin recorded a...

In a bid to address economic challenges and potential migration issues, the European Union (EU) has committed to an $8 billion aid package for Egypt. The deal, however, has sparked criticism due to Egypt’s human rights record. What Happened: The EU announced on Sunday that it would provide...

The UK’s Defense Secretary Grant Shapps has reportedly put a stop to British aid drops over the Gaza Strip, citing potential risks to civilians. This decision has significant implications for the ongoing humanitarian crisis in the region. What Happened: Shapps has prevented the Royal Air...

Over 50 journalists have penned an open letter, urging Israel and Egypt to provide unrestricted access to Gaza for foreign media, emphasizing it is “imperative” for comprehensive on-the-ground reporting. What Happened: The letter, signed by correspondents and presenters of U.K.-based...

“Black Swan” author Nassim Nicholas Taleb expressed profound concern over the perceived fragility of Egypt’s socio-political state in a social media post. What Happened: Taleb took to X, formerly Twitter, to express his worries about the reported instability in Egypt, a...

We performed a screening of micro-cap ETFs, defined as having Assets Under Management (AUM) under $400 million – to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered. Winners iShares MSCI...

Global economic order sees potential disruption as dozens of countries are eyeing membership in BRICS, a collective of Brazil, Russia, India, China and South Africa. This group, positioned as a counterbalance to Western dominance, is convening in Johannesburg this week, sparking speculations about...

A leaked U.S. intelligence document revealed that President Abdel Fatah El Sisi of Egypt, a key American ally in the Middle East has ordered his subordinates to manufacture weapons for Vladimir Putin. What Happened: Egypt's Sisi has instructed his subordinates to manufacture as many as 40,000...

To view more FreightWaves infographics, click here. Image by Free-Photos from Pixabay

Leading African e-commerce company Jumia Technologies (NYSE: JMIA) reported third-quarter earnings Tuesday morning. Shares fell on a decline in revenue, but the move could be overdone as the company shifts its business to improve profitability. Earnings: The gross merchandise value fell 28% year-...