The Egyptian Sovereign Fund: Sisi’s tool to control the state’s assets without oversight
A few days ago, the Egyptian government agreed to amend some provisions of the Egyptian Sovereign Fund for Investment and Development statute to expand this controversial Fund’s powers, which reports directly to President Abdel Fattah El-Sisi without being subject to…
Non-oil private sector activity continues to shrink in Egypt
On Sunday, Purchasing Managers’ Index data showed that non-oil private sector activity in Egypt contracted for the 18th month in May. The index data issued by Standard & Poor’s Global recorded a slight increase in the index reading, as it…
CBE sells $540 million-worth treasury bills
On Thursday, the Central Bank of Egypt announced that Egypt would sell $540 million in dollar-denominated treasury bills in an auction on June 6. Last April, the bank sold one-year dollar treasury bills at about $1.017 billion. Standard & Poor’s…
Rights groups demand Sisi release Aboul Fotouh
Eight human rights groups have denounced the “disgraceful” rulings issued by the Emergency State Security Criminal Court against Abdel Moneim Aboul Fotouh, head of the Strong Egypt Party, and his deputy, Muhammad al-Qassas, and others. They also called on President…
Amnesty International: “Exclude security agencies from reviewing releases of jailed critics”
The fate of thousands of arbitrarily detained men and women should not rest in the hands of Egypt’s security agencies, namely the National Security Agency and General Intelligence, Amnesty International said today following the release of four prisoners held for…
Aboul Fotouh’s family appeals to Sisi to release him
The family of the former presidential candidate and head of the Strong Egypt Party, Abdel Moneim Aboul Fotouh, has issued a statement expressing its shock at the 15-year prison sentence imposed by a superior court. The court’s rulings do not…
May records 196 violations in Egypt’s prisons
El Nadeem Center against Violence and Torture documented 196 violations in prisons and detention centres in Egypt last May. According to the group, the violations included 33 cases of extrajudicial killing, 6 cases of death, 6 cases of individual torture,…
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