Government offers military owned companies on stock exchange
Egypt’s sovereign fund and the National Service Projects Service have signed an agreement to put up military owned companies on the stock exchange, according to a statement issued by the cabinet. In a press conference the Minister of Planning and…
North Sinai: ISIS bomb Egypt-Israel gas pipeline
A local gas line west of Arish was bombed on Sunday, according to Mada Masr news website. No official Egyptian statements were issued regarding the explosion. Islamic State affiliate Sinai Province has claimed responsibility for the attack on the natural…
66 French and European MPs condemn rights crackdown in Egypt
French newspaper Le Monde has published a statement signed by 66 French MPs and European parliament members condemning human rights violations in Egypt and calling for the release of the Egyptian-Palestinian activist Ramy Shaath and other activists and rights defenders…
Egypt health minister faces fresh wave of criticism over handling of coronavirus
Egyptian Health Minister Hala Zayed has ignited a fresh wave of criticism after she announced that al-Nujaila Central Hospital, west of Marsa Matruh, will receive Egyptian evacuees returning from China. Residents of the city are horrified as the hospital is…
Aboul Fotouh: The latest victim of Egypt’s revolving door practice
Egyptian authorities have added the former presidential candidate and head of the Strong Egypt Party, Abdel Moneim Aboul Fotouh, to a new case, just days before the legal period of his remand was set to expire and nearly two years…
Rights organisation calls for review of litigation procedures in harassment cases
The Cairo Development and Law Foundation has issued a statement declaring that Al Youm7 newspaper’s dismissal of the journalist Mai al-Shamy before the end of the investigation into her complaint of harassment requires a review of litigation procedures in cases…
Importing gas from Israel profits Egypt’s intelligence
Israel began exporting natural gas to Egypt in mid-January, in an event described as “historic” and “an important development that serves the economic interests of both countries.” The deal sparked a lot of resentment and anger among the Egyptian public,…
Why is Vodafone withdrawing from Egypt?
After more than 20 years working in the Egyptian market, Vodafone International announced the sale of its shares in Vodafone Egypt to the Saudi Telecom Company (STC), amid questions about the reasons for the sale and its implications for the…
Egypt’s foreign debt at historic levels
Egyptian foreign debts have tripled over the last 10 years, which places a burden on the Egyptian economy suffering from a shortage in US dollar resources as the foreign debts reached about $109 billion in June 2019. In addition to…
Deal of the century: Official government support and popular anger
The Egyptian response to the plan announced by US President Donald Trump to resolve the Palestinian-Israeli conflict, known as the “deal of the century,” has triggered the anger of many Egyptians. Egypt’s response implied support for the plan, in contradiction…
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