Egypt’s external debt hits $157.8 billion
World Bank data has shown that Egypt’s external debt rose to $157.8 billion last March, from $145.5 billion last December, an increase of about $12.3 billion in three months. According to the World Bank, Egypt should pay loan instalments and…
Ongoing negotiations between Egypt and IMF for a new loan
The head of the International Monetary Fund (IMF) mission to Egypt, Celine Allard, has said that the IMF staff and the Egyptian government held fruitful discussions on the economic policies and reforms to be supported through a new loan from…
Amnesty International and HRW: Egyptian authorities failed to investigate Ayman Hadhoud’s death
Amnesty International and Human Rights Watch have issued a statement saying that the Egyptian authorities had failed to conduct a thorough, independent, effective, transparent, and impartial investigation into the suspicious death of economic researcher Ayman Hadhoud. They added that the…
Detainees’ deaths in July highlight the inhumane detention conditions in Egypt
The first week of this July witnessed the death of 3 detainees with political backgrounds in the places of detention in Egypt, bringing the number of victims in the regime’s prisons during 2022 to at least 24 victims. Proposed Complaints…
Egypt’s private sector contracts to the lowest level in two years
Wednesday, the Purchasing Managers’ Index recorded the worst performance of the non-oil private sector in Egypt in two years. The sector witnessed a noticeable decline, as the index reached 45.2 points, compared to 47 points in May, moving away from…
The family demands to transfer Abdel Moneim Aboul Fotouh to a hospital
The family of former presidential candidates and head of the Strong Egypt Party, Abdel Moneim Aboul Fotouh, said they had requested the Ministry of Interior, the Public Prosecutor, and the National Council for Human Rights to transfer Aboul Fotouh to…
Sentencing Egyptian researcher to imprisonment alarms political forces before the National Dialogue
Simultaneously with the inaugural session of the National Dialogue’s Board of Trustees, a superior court sentenced researcher Ahmed Samir Santawy to 3-year imprisonment on charges of spreading false news from outside the country about the internal situation. The trial was…
Egypt’s foreign exchange reserve down to $33bn
Thursday, the Central Bank of Egypt said Egypt’s foreign exchange reserves decreased by $2.12 billion in June, reaching $33.375 billion. CBE announced last month that the reserve decreased by $1.63 billion in May, reaching $35.5 billion, compared to $37.1 billion…
UK minister Lord Ahmed demands Egypt release Alaa Abdel Fattah
During a meeting with Egyptian Foreign Minister Sameh Shoukry last Monday, Lord Ahmad of Wimbledon, Minister for South Asia, North Africa, the United Nations, and the Commonwealth at the UK Foreign, Commonwealth & Development Office, discussed the case of detained…
Annual inflation in Egypt hits 14.7% in June
On Thursday, the Central Agency for Public Mobilization and Statistics stated that the annual inflation rate during June was 14.7%, compared to 13.5% in May and 5.3% in June 2021. Food prices rose in big jumps, led by cereals and…
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