Sami Suleiman: Detained colonel dies from medical negligence
The Egyptian Network for Human Rights said the ex-Colonel Sami Mohamed Suleiman died in the custody of Zagazig police station, Sharkeya, on August 6. Suleiman was arrested in 2016 on top of political charges, and despite obtaining release orders and…
Egypt: Annual inflation rate hits 14.6%
On Wednesday, the Central Agency for Public Mobilization and Statistics issued that the annual inflation rate reached 14.6% last July, compared to 6.1% in the same month the previous year. The general index of consumer prices increased by 0.9% from…
Abdel Fattah al-Sisi decides on partial cabinet reshuffle in Egypt
Saturday, the speaker of the house of representatives, Hanafy Gebaly, declared in an urgent brief session called upon by Abdel Fattah al-Sisi that the parliament approved the presidential decision of a partial cabinet reshuffle involving 13 ministries. Sisi said on…
Moustafa Mountaser: A new victim of systemic torture in Egypt
After ten days of arrest, Mustafa Mountaser, 19 years, gave his last breath in Montazah III police station in Alexandria two weeks ago. The police claimed the death was expected, but the family said torture signs were evident on his…
Egypt’s balance of payment declines by over 500% in 2022
The Central Bank of Egypt revealed Egypt’s Balance of Payment declined by over 500% during the first nine months of the 2021/2022 fiscal year, compared to the same period in 2020/2021, as it recorded minus USD 7.3 billion compared to…
Central Bank of Egypt announces a 19% drop in foreign exchange reserves during the first seven months of 2022
On Sunday, the Central Bank of Egypt announced a 19% drop, equivalent to $7.8 billion, in foreign exchange reserves during the first seven months of 2022. The country’s net foreign reserves decreased for the fifth consecutive month by about two…
The severe shortage of foreign goods in Egypt due to the dollar crisis
The foreign exchange shortage crisis in Egypt led the government to impose many obstacles to restrict imports from abroad, which resulted, over time, in a severe shortage of imported goods, some of which are very basic, and their domestic alternatives…
Abdel Moneim Aboul Fotouh suffers a new heart attack
Hudhayfa Aboul Fotouh, son of former presidential candidate Abdel Moneim Aboul Fotouh, said his father suffered a heart attack last Wednesday in his prison cell. He added that while his father’s health condition continues to deteriorate, the prison administration ignores…
Goldman Sachs: Egypt needs to borrow $15 billion to secure debt dues
Goldman Sachs has issued a report saying Egypt needs to borrow $15 billion from the International Monetary Fund to secure debt dues over the next three years. According to the Central Bank of Egypt, the gap between foreign debt and…
Abu Dhabi Investment seeks further acquisition of Misr Fertilizers
Reports have revealed that the Abu Dhabi Investment Authority (ADIA) is currently negotiating with the Egyptian government to buy an additional stake in the Misr Fertilizers Production Company (MOPCO). Reports quoted sources as saying that the negotiated share revolves around…
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