Egypt suffers a sharp decline in foreign assets and portfolio investments
The Central Bank of Egypt announced a decrease in net foreign assets, reaching below harmful 50 billion pounds, representing a decline of 60 billion pounds from last January. Macroeconomic analyst at CI Capital, Sarah Saadeh, attributed the main reason for…
Egypt announces a decline in wheat stocks
According to the Cabinet, the strategic stockpile of wheat in Egypt has declined to cover only 2.6 months, down from 4 months in early March. This coincided with the start of the local wheat harvest, on which the government relies…
Egypt: Sharp decline in the performance of the non-oil private sector
The activity of the non-oil private sector has decreased significantly during last March, according to S&P Global’s Purchasing Managers’ Index, which scored 46.5 points (out of 50), a significant decline from the 48.1 points level recorded last February. The Purchasing…
Abdel Moneim Aboul Fotouh has a heart attack after being assaulted by the prison guards
The defence team of former presidential candidate Abdel Moneim Aboul Fotouh, head of the Strong Egypt Party, has submitted a complaint to the Public Prosecution against the administration of Tora Farm Prison to investigate an assault he was subjected. The…
Nadeem Center: 103 cases of human rights violation in Egypt during March
Nadeem Center against Violence and Torture has issued a report documenting 103 cases of human rights violations in Egypt during March. In its monthly report on violations in prisons and places of detention, the organization said that it had documented…
Building materials prices skyrocket in Egypt
The prices of building materials increased during March by up to 92%, according to a report issued by the Central Administration of Building Materials of the Ministry of Housing, Utilities and Urban Communities. The price of a ton of steel…
Egypt approaches the limit of water scarcity
The Minister of Water Resources and Irrigation, Mohamed Abdel-Aty, has said that although 40% of the workforce in Egypt depends on agriculture as a primary source of income, the per capita share of water is about 560 cubic meters annually,…
Heritage Initiative denounces the Egyptian authorities’ intention to remove a historic fountain
The Heliopolis Heritage Initiative has condemned the Egyptian government’s plan to demolish Roxy Park’s iconic fountain and replace it with a plaza housing small vendors. On its official Facebook page, the initiative said that this decision amounts to “a crime…
Human rights organizations warn of deporting an Egyptian youth from Sudan to Egypt
Human rights organizations condemned the Sudanese authorities’ threat to an Egyptian youth residing in Sudan, Wadah Nour El-Din (33 years), to hand him over to the Egyptian authorities. Nour El-Din was arrested on March 16. Al-Shehab Center for Human Rights…
Steel prices keep rising in Egypt
Friday, steel prices jumped again in Egypt, increasing more than 4,700 pounds per ton.Beshai Steel Company notified its customers that the price of a ton had reached about 20,970 pounds. The Suez and Al-Masryyen companies also raised their prices by…
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