The Egyptian government issued sovereign bonds in the Chinese Yuan
Finance Minister Mohamed Maait has said that Egypt aims to cooperate with China to issue Egyptian bonds denominated in yuan. Maait added, during his meeting with the Chinese ambassador in Cairo, Liao Liqiang, that the Egyptian government aims to cooperate…
The European Parliament criticizes the deteriorating human rights situation in Egypt
Members of the European Parliament’s Human Rights Subcommittee have sharply criticized their counterparts in the Egyptian Parliament’s Human Rights Committee during a joint session this week. Criticisms included the absence of fair trial guarantees, cases of torture, poor conditions inside…
Egypt gets EUR 138 million in grants from the EU
The Ministry of International Cooperation and the European Union have celebrated signing many development financing grants worth 138 million euros. According to the Minister of International Cooperation, Rania Al-Mashat, the grants come intending to support the state’s development efforts in…
The Egyptian government plans to obtain foreign loans worth 54 billion pounds
The economic and social development of the Egyptian government plan for the year 2022/2023 revealed that foreign investment in public debt was 28.8 billion dollars last December when it was 34 $1 billion in September 2021. The economic and social…
The Egyptian parliament discusses new sovereign loan agreements amid fears of spiking foreign debt
Egypt’s House of Representatives referred three international loan agreements to the relevant specific committees for discussion. The first is the agreement signed by President Abdel Fattah El-Sisi regarding a loan from the Korean Economic Development Cooperation Fund, amounting to USD…
Egypt: Inflation jumps to its highest rate in 3 years
The Central Agency for Public Mobilization and Statistics has announced that annual inflation was recorded in April at 14.9%, the highest rate in three years. Macroeconomic analyst at CI Capital Sarah Saadeh suggested that the main direct reason for the…
Petitions to release the Egyptian activist Alaa Abdel Fattah after his health deterioration
Several Egyptian mothers petitioned the National Council for Human Rights to make all possible efforts to transfer political activist Alaa Abdel-Fattah from his prison cell to a prison hospital in light of the harmful health conditions after his hunger strike…
Sisi’s new amnesty committee reproduce the failures of their predecessors
In late April, Egyptian President Abdel-Fattah El-Sisi announced the reactivation of the work of the “presidential pardon committee”, which is responsible for facilitating the release of political detainees, as part of what was described as a “political reform process” to…
Egyptian MPs criticize the government for excessive loaning
Several members of the Egyptian House of Representatives have objected to the government’s tendency to rely on loans at approximately 50% of its resources in the draft budget for the new fiscal year, stressing that the government is only good…
The Egyptian government aims to raise foreign funds by 87%
Press reports have indicated that Egypt plans to obtain foreign funds of about 146.4 billion pounds in the budget for the fiscal year 2022-2023, with an increase of 87% in the volume of foreign funds. According to a document seen…
Recent Comments