EGP 425 billion deficit in Egypt’s new budget
The budget for the new fiscal year 2020-2021 recorded an initial deficit of EGP 425 billion ($27 billion) as the initial estimate of revenue reached EGP 1.3 trillion ($82.5 billion) compared to EGP 1.7 trillion ($108 billion) allocated for expenses,…
CBE: $5.4 billion decrease in foreign reserves during March
The Central Bank of Egypt announced that Egypt’s net foreign reserves would fall to $40.1 billion at the end of March, compared to $45.5 billion last month. CBE said that it used about $5.4 billion of international monetary reserves to…
Egypt’s curfew extended for two weeks
Prime Minister Moustafa Madbouly announced that the curfew has been extended throughout the country until April 23, with the number of hours reduced so that the curfew begins at 8pm (instead of 7pm), until 6am. Madbouly added that the government…
Egypt’s state-sponsored media promotes superstition to treat COVID-19
With the spread of coronavirus, the number of infections among Egyptians exceeding 1,000, and with 78 deaths, official and social media are promoting superstition, and are hosting false experts who promote fake treatments and methods of protection. Beans, mushrooms, tea,…
Egypt’s hospitals close, unable to deal with the spread of coronavirus
With the increasing spread of coronavirus in Egypt, many hospitals in Cairo, Alexandria, Giza, and Aswan continue to be closed down. Hospitals that were supposed to be castles to confront the virus are crumbling quickly. The National Cancer Institute was…
Could coronavirus reconcile the regime and the Muslim Brotherhood?
Over the past seven years the Muslim Brotherhood and the Egyptian regime have always been on opposite sides, not agreeing on any issue. But after the spread of the novel coronavirus it seems that the Brotherhood and the regime might…
In Egypt, health care workers are scapegoats
Perhaps April 3 has been the most dangerous day since the start of the spread of COVID-19 in Egypt because it is the day one of the highest daily infection cases was recorded. It is also the day 17 infected…
Egypt is preparing to impose a full curfew
Sources have told Egypt Watch that Egypt is currently preparing to impose a total curfew on the country in order to combat the spread of COVID-19. Those sources confirmed that Cairo intends to impose measures of the third stage of…
Egypt’s cancer institute: Has the tragedy of Wuhan been repeated?
The Chinese ophthalmologist Li Wenliang died from coronavirus after he was the first to warn of the spread of the virus in Wuhan Hospital in China as the police attempted to silence him. In Egypt this story has been repeated,…
Egypt’s aluminum company losses amount to EGP 800 million
The volume of Egypt Aluminum Company’s losses has increased to EGP 800 million ($51 million), after the complete cessation of export operations as a result of the outbreak of coronavirus, which led to the accumulation of production in warehouses reaching…
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