Egypt’s Stock Market loses EGP 30 billion in a week
The Egyptian Stock Market indices have fallen collectively due to foreign investors’ sales. During last week’s trading, the market capitalization of listed companies’ shares lost about 30 billion pounds, down by 4.2. The main egx30 index fell 3.8% to reach…
Government raises gasoline prices for the fifth time in a row
The Ministry of Petroleum and Mineral Resources in Egypt has announced an increase in gasoline prices of all kinds by 25 piasters per litre during the next three months. The new prices include raising the price of a litre of…
Medications prices increase in Egypt, creating a new health crisis
Many pharmaceutical companies, during the last period, submitted requests to the Egyptian Medications Authority to increase the prices of their products against the background of the increase in the cost of the dollar against the pound, which would add new…
A sovereign wealth fund in Abu Dhabi buys government stakes in 5 major Egyptian companies
A sovereign wealth fund in Abu Dhabi has bought five Egyptian companies listed on the stock exchange for $1.88 billion. The Egyptian Stock Exchange issued a statement in which it clarified that the market witnessed the implementation of six large-scale…
Italian judiciary accuses Egyptian authorities of deception and lack of cooperation
The Italian judiciary has decided to suspend the trial of four Egyptian security officers accused of kidnapping and killing Italian doctoral student Giulio Regeni in 2016 due to the Egyptian authorities’ lack of cooperation in completing the process of officially…
National Security and Abbasiya Hospital face accusations of involvement in the death of Ayman Hadhoud
Psychiatrists have demanded the formation of a fact-finding committee to determine who was responsible for keeping the body of economic researcher Ayman Hadhoud in the Abbasiya Mental Health Hospital refrigerator for about a month. They also held the hospital administration…
Despite hiking interest rate: Spiking inflation alarms economic deadlock in Egypt
Financial experts and analysts expected that inflation levels in Egypt would rise to record levels in the coming months. These rates would reach their peak during August, especially with the increase in petroleum products prices expected during this month. Data…
Egypt is expected to lead emerging markets in sovereign debt during 2022
Standard & Poor’s Global Ratings expected that Egypt would become the largest issuer of sovereign debt among emerging markets in Europe, the Middle East and Africa, with issuances amounting to $ 73 billion during the current year 2022, exceeding what…
Egyptian security services use mental health hospitals as places of detention
The mysterious death of researcher and economic expert Ayman Hadhoud inside the Abbasiya Mental Health Hospital after his arrest by the National Security Agency (the political security apparatus of the regime of President Abdel Fattah al-Sisi) raised many questions about…
The Egyptian police aggression threatens Egypt’s global tourism reputation
The fake security concerns of the regime of President Abdel-Fattah El-Sisi are causing Egypt to lose its tourist reputation as one of the most important cultural and entertainment tourist destinations in the world due to its unparalleled, exceptional effects and…
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