International Monetary Fund: Egypt will witness higher inflation rates
Friday, the International Monetary Fund released its World Economic Prospects report, which forecasts inflation rates in Egypt with a pessimistic view. The fund raised its inflation forecast for the current year from 6.3% to 7.5%. Over the next five years,…
Egypt’s strategic wheat reserve is only enough for two months
The Egyptian government is currently facing a severe crisis because of the shortage in strategic wheat stocks, which has forced it these days to supply half of the prescribed quantity of flour to bakeries. The General Commodity Supply Authority of…
Sisi’s catastrophic strategy: Egypt’s foreign debt rose 12.6% in one year
Egypt’s external debt rose to $145.5 billion at the end of December 2021, compared to $129.2 billion at the end of December 2020, with a growth rate of 12.6% in one year. According to the data of the Central Bank…
The Egyptian prosecution ignores serious evidence of Ayman Hadhoud’s torture
In an expected move, the Egyptian Public Prosecution announced the closure of the mysterious death case of researcher and economic expert Ayman Hadhoud inside the Abbasiya Mental Health Hospital after his arrest, claiming that “there is no criminal suspicion in…
Under Greenback Shortage: The Egyptian government suspend over a thousand companies to stop importing
The Egyptian government decided to write off and stop imports from more than a thousand Arab and international companies based on a decision issued by the Minister of Trade and Industry in 2016, which is the Resolution No. 43 of…
Central Bank of Egypt admits flight of foreign investments
The Central Bank’s Balance of Payments Report, from July to December of last year, the first half of the current fiscal year 2022/2021, has revealed a significant decline in foreign investments in government bills and bonds. The report indicated that…
Doctors’ resignations from governmental work raise a concern about the future of the health sector
The Medical Syndicate has warned of the continued reluctance of doctors to work in the government sector and the increase in their emigration outside Egypt, revealing the resignation of 11,536 doctors since 2019, including 4,127 doctors during 2021 only, and…
Egypt continues to suspend the import of the products of new 200 companies
The Egyptian Ministry of Trade and Industry has suspended imports of products from 173 Chinese, British, American, Turkish, Emirati and Saudi companies, including Almarai, Unilever, Lipton, Vaseline, Dove, Axe, and Red Bull. Thus, the number of companies whose imports into…
UN human rights experts denounce Egypt’s deportation of Eritrean refugees
United Nations experts called on the Egyptian authorities to immediately halt the ongoing expulsion of Eritrean asylum seekers, expressing deep concern over what they described as a policy of arbitrary and mass displacement of Eritreans. The Office of the United…
Egypt cuts flour rations of subsidized food bakeries
Several subsidized bread bakeries have witnessed disorder after the Ministry of Supply decided to reduce allocated flour rations by 10% until Ramadan, claiming that there was a lack of consumption during the month. Many bakery owners said that the demand…
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