Fertilizers acquisition deals: Egypt bleeds profitable industry
Recently, two Egyptian fertilizers companies were partially acquired by Gulf investment funds, Saudi and Emirati in particular. Both companies are joint-stock companies with their stocks owned mainly by state economic bodies like Nasser Bank, National Investment Bank, and Egyptian Petroleum…
Egypt offers EUR 627 million in T-bills
On Monday, the Central Bank of Egypt announced the sale of one-year euro-denominated treasury bills worth 626.9 million euros, explaining that the average interest on the invoices recorded 1.697 per cent, with 32 requests from investors worth 786.9 million euros….
CBE governor Tarek Amer resigns days before new expected pound devaluation
Egyptian television has announced that President Abdel Fattah El-Sisi had accepted the resignation of Central Bank Governor Tarek Amer. Amer said he asked to step away from his position to allow others to “complete the successful development process” under the…
Health insurance funds into the stock exchange: Fears of new embezzlement
The Egyptian Minister of Finance and head of the General Authority of Comprehensive Health Insurance, Mohamed Mait, said the authority intends to invest its stocks and assets in the stock exchange to diversify the investment portfolio. Mait added the authority…
Two civilian victims in clashes between ISIS and the Egyptian army
On Friday, two civilians were killed, and others were injured due to clashes between the Sinai Province organization and forces affiliated with the Egyptian army and the tribal groups supporting it near the Suez Canal. Tribal sources said that the…
The Egyptian police attacked Warraq Island and arrested residents
On Monday, the Support Al-Warraq Island Facebook page said security forces stormed the island again and arrested seven residents. On Friday, hundreds of Al-Warraq Island residents demonstrated against the government’s ongoing attempts to displace them from their homes to implement…
Opposition MPs express disappointment at the cabinet reshuffle
On Saturday, the representatives of the Justice Party and the Egyptian Social Democratic Party rejected the new cabinet reshuffle approved by Parliament in an emergency session yesterday. The head of the Justice Party, Abdel Moneim Imam, expressed his disappointment after…
AFTE: The Egyptian regime’s actions negate dialogue with the opposition
The Association for Freedom of Thought and Expression has issued its quarterly report, documenting human rights violations in conjunction with the start of the National Dialogue. The rights group said that the actual practices of various state agencies, especially the…
Egypt’s PM releases electricity consumption rationalization plan
Egyptian Prime Minister Mostafa Madbouly has announced a plan to rationalise the government’s use of electricity to exploit the natural gas pumped into power stations for export instead of domestic consumption. The plan includes reducing the lighting of streets and…
Protests in Warraq against governmental displacement attempts
On Friday, hundreds of Al-Warraq Island residents demonstrated against the government’s ongoing attempts to displace them from their homes to implement tourism projects on the island. They also demonstrated in solidarity with 35 residents facing prison sentences of up to…
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