ISIS Sinai Province claims responsibility for Ismailia terrorist attack
The Islamic State (IS) has claimed responsibility for an attack on a security point in Ismailia that took place on Friday, killing three police officers and wounding 12 others, according to the Egyptian Ambulance Authority. Amaq News Agency, a news…
Egyptian business people register their companies abroad to evade governmental looting
A few days ago, the Egyptian Oriental Weavers company, one of the castles of the textile industry in the Middle East, announced that Yasmine and Farida Khamis, daughters of the company’s founder, the late businessman Mohamed Farid Khamis, had sold…
Misr Cement Qena workers protest low wages
On Saturday, rights groups said Misr Cement Qena workers began a sit-in, protesting their working conditions. Last month, the company’s workers organized a protest to demand the payment of bonuses accumulated since 2016 and to protest against the company’s management…
CTUWS: The new labour bill does not keep pace with market changes
On Thursday, the Center for Trade Union & Workers Services criticized the draft labour law currently being discussed in the House of Representatives, stressing that it does not keep pace with developments in the labour market and does not solve…
Austerity in the Egyptian style: Electricity supply stagers to save natural gas for exporting
Two days ago, the Egyptian government published a lengthy statement listing its achievements in the energy sector and electricity production since El-Sisi came to power eight years ago. This is a fact. The country has succeeded in doubling its electricity…
The Egyptian Medical Syndicate warns of collapse due to doctors’ resignations in thousands
The Egyptian Medical Syndicate has warned that the continued resignation of thousands of doctors from the government health sector, which has been suffering from low services and wages for decades, may lead to the collapse of the medical system in…
Central Bank of Egypt cancels documentary credits system
On Thursday, the Central Bank of Egypt cancelled the system of documentary credits in import operations to meet the demands of the International Monetary Fund. The documentary credits system began in February 2022 as an attempt to keep foreign currency…
Hamdeen Sabahy conditions releasing detainees to continue National Dialogue
Former presidential candidate Hamdeen Sabahi has said that the Civil Democratic Movement will not dialogue with the government unless the authorities release political prisoners. The movement called on Egyptian President Abdel Fattah El-Sisi to release 1,074 political prisoners, and 950…
Egypt’s new minimum wage still below inflation rates
On Thursday, the National Wages Council in Egypt decided to raise the minimum wage in private sector establishments from 2,400 pounds to 2,700 pounds as of January 2023. The decision contradicted government promises of equality, as the minimum wage in…
Credendo for insurance might downgrade the Egyptian economy
Credendo has warned that it might downgrade the Egyptian economy to the medium and long-term political risk category. A European credit insurance group, Credendo, added that the pandemic and the war in Ukraine showed that Egypt faces significant economic vulnerabilities….
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