Clashes on Al-Warraq Island between the Egyptian police and the residents
As part of the government’s continuous attempts to evacuate and displace its people, the security forces stormed Al-Warraq Island, Giza. They clashed with the residents using bullets to disperse them. Dozens of residents accused the security forces of committing violations…
Egypt’s foreign reserves declines due to foreign debt dues
The Central Bank of Egypt said the greenback reserve with USD 1.63 billion in May, recording USD 35.4 billion compared to USD 37.1 billion in April 2022. CBE’s statement added that the decline resulted from the due payoffs of the…
The Egyptian government speeds up the privatization of state-owned assets and projects
The Egyptian Cabinet demanded the Planning and Economic Development ministry finish up the investment banks’ estimation of the assets and companies offered to the Arab funds and the lists of state-owned assets to be publicly offered or transferred to Egypt’s…
The Civil Movement refuses the declared National Dialogue proceedings
Friday, the Egyptian Civil Democratic Movement refused the proceedings of the National Dialogue declared by the National Dialogue administration. The administration had announced that they agreed to appoint the journalist and head of the State Information Service, Diaa Rashwan, as…
Assassination story: What has happened to the Egyptian press since 2013?
“We were obsessed with media from the first day of the military council rule, so we made media organs, and every organ required a lot of time and effort.” Al-Sisi speaking in video leaks Over the past few days, Egypt’s…
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…
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