Whilst celebrating international women’s day, violations against Egyptian women continue
On March 8 the world celebrated International Women’s Day. This day was supposed to be a feast for the women of Egypt as well, but their situation deprived them of their right to enjoy their feast as they should. Far…
Wheat crisis: Will the Egyptian government risk raising the price of bread?
The current Russia-Ukraine war threatens a global increase in the price of wheat. Egypt is the biggest wheat importer in the world. According to experts, the current ration subsidies cover about 60 million Egyptians, which is two-thirds of the population,…
A significant rise in commodity prices and an absence of government oversight
The price of many basic commodities in Egypt have significantly increased, sometimes up to 50 per cent, in the absence of serious oversight that the government pledged to activate to prevent major traders from exploiting the crisis brought about by…
Egypt’s vulnerable economy cannot stand the Russian Ukrainian war
Since the outbreak of the Russian-Ukrainian war on February 24, the political and economic fallout has affected all countries of the world, especially Egypt, which imports a lot of wheat from these two countries. The war will also affect tourism…
Demands to release Egyptian businessman Safwan Thabet and his son after the deterioration of his wife’s health
The daughter of Safwan Thabet, a well-known businessman and founder of Juhayna Company, the largest producer of milk and bottled juices in Egypt, has demanded his release due to the deteriorating health of her mother, Bahira El-Shawy, who is sick…
Deflation hits non-oil private sector in Egypt
The activity of the non-oil private sector has declined in Egypt, with the continued impact of inflationary pressures on business, according to the Purchasing Managers’ Index, which scored 48.1 points, slightly higher than the 47.9 level in January, to continue…
Egypt asks stranded Ukrainian tourists to stay in 3-star hotels and bears $10 of their expenses
The Egyptian Federation of Tourist Chambers called on Ukrainian tourists stranded in Egypt and residing in 4-star and 5-star hotels to negotiate with Ukrainian tourism companies to pay their accommodation costs or to accept the Egyptian Ministry of Tourism’s offer…
Egypt suffers high food prices due to the Russia Ukraine war
Chamber of Cereals industry in the Egyptian Industries Union announced that the price of rice has increased because of the Russian Ukrainian crisis with the national broad grain rice increasing from EGP 6,000 per tonne up to EGP 6,500. A…
Foreign investors withdraw from Egypt over-tourism crisis
Foreign investors have withdrawn $3 billion from the Egyptian market since Thursday, February 24, coinciding with the start of the Russian invasion of Ukraine, fleeing an emerging market and looking for a safer one, according to a banking source quoted…
Spiking budget deficit in Egypt – the worse is expected
The overall public budget deficit in Egypt increased by 0.3 per cent, amounting to EGP 57.1 billion ($3.6 billion) during the first seven months (July/January) of the current fiscal year 2022/2021. According to a statement by the Egyptian Ministry of…
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