Oxford Economics: Egypt’s central bank seeks to restrict imports
Oxford Economics described in a note to its clients the timing of the Central Bank of Egypt’s decision to ban those who do not have documentary credits from importing as suspicious. The giant economic analyst says that the real goal…
Egyptian political detainee Tamer Gamal El-Din passes away
Human rights organisations have announced the death of an Egyptian detainee in Minya Prison. The prison administration transferred the deceased to a hospital without notifying his family of his death, and let them go to visit him at the time…
Egyptian government confirms upcoming prices increase of subsidized bread
Egyptian Prime Minister Mostafa Madbouly said that his government is studying all scenarios related to raising the price of subsidized bread, stressing that “that will happen.” Madbouly said, during a conference at the government headquarters in the New Administrative Capital,…
IFJ: el-Sisi is the biggest jailer of journalists in the region
The International Federation of Journalists has called on European Union leaders and Belgian Prime Minister Alexander De Croo to speak out against Egyptian President Abdel Fattah al-Sisi’s crackdown on journalists and press organizations in Egypt. This coincided with Sisi’s visit…
Egypt’s prime minister paves the way for new increases in fuel prices
Egyptian Prime Minister Mostafa Madbouly said that the recent increase in fuel prices imposed by his government did not exceed 9.7%, despite the significant increase in global oil prices, which reached 54%. This came in a press conference on the…
Egypt’s Central Bank stops using collection documents in import operations
The Central Bank of Egypt decided to stop dealing with collection documents in the implementation of all import operations, and to limit work to documentary credits only. The bank excluded from this the branches of foreign companies operating in Egypt,…
Egyptian business community objects the Central Bank’s new import regulations
Egyptian business organizations objected to the recent decision of the Central Bank of Egypt to amend import regulations, issuing a joint statement calling for the immediate cancellation of the decision due to its negative repercussions on supplying industries with their…
Six human rights organisations call on the EU to address Sisi’s violations during his visit to Brussels
Six human rights organisations have called upon the leaders of the European Union and Belgium not to celebrate Abdel Fattah Al-Sisi’s participation in the joint summit between the EU and the African Union in Brussels. “Egyptian President Sisi has systematically…
Egypt’s senior rights official says she understands authorities’ detention of peaceful activists
The head of the Egyptian government’s National Council for Human Rights, Moushira Khattab, said that she understands and excuses the state’s expansion over the past years in imprisoning people not involved in violent crimes, given that Egypt is going through…
Price of medication in Egypt rises for third time in a month
The Egyptian Drug Authority has approved a new increase in the prices of some vital items on the drug market, for the third time in less than a month, despite the Pharmaceutical Division confirming that there is no intention to…
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