With failing public policies: Egypt underway hyperinflation
On February 9, the Central Bank of Egypt announced that the country’s core inflation rate had risen to 31.24 per cent on an annual basis in January, up from 24.4 per cent in December 2022, while consumer price inflation in…
Despite loaning and divestment: The greenback shortage still blocks Egyptian imports
The crisis of dollar scarcity in Egypt has been exacerbated again after short weeks of calm, filled with hopes for a breakthrough. Recently, manufacturers and importers demanded a quick provision of hard currency to face production crises in several sectors,…
Société Générale says the Egyptian pound would depreciate by about 10%
On Saturday, Société Générale predicted that the value of the Egyptian pound would soon depreciate by about 10%. Egypt suffers from unprecedented inflation, which reached 31.2% last January. The country is likely to devalue its currency again shortly, according to…
Egypt: Flagrant Human Rights Abuses Documented In Badr Prison Complex
The Committee for Justice, an independent association for the defence of human rights based in Geneva, Switzerland, has published a report on the dire conditions in Egyptian prisons, stating: Inmates at the new Badr Prison Complex in Egypt live in…
Strikes immerse Egypt’s factories: Worker’s sufferings threaten Egypt’s stability
During the first two months of 2023, the devaluation of the Egyptian pound (one dollar: 30.62 pounds) continued, and with a minimum wage of 2,700 pounds in the private sector, its value and purchasing power decreased by more than half,…
The State Security Affairs Office refuses to ratify the ruling that acquitted six people
On Saturday, human rights lawyer Khaled Al-Masry said that the State Security Affairs Office refused to ratify a ruling issued by an Emergency State Security Court that acquitted six people of charges of joining a terrorist group and carrying out…
Sisi’s economic ambiguity fuels Gamal Mubarak’s presidential ambition, according to Africa Intelligence
Africa Intelligence reported on Wednesday that Gamal Mubarak, the son of former Egyptian leader Hosni Mubarak, is considering challenging President Abdel Fattah El-Sisi in the 2024 elections. The French intelligence website cited a “secret” meeting between Mubarak and Jonathan Cohen,…
Saudi Arabia’s Public Investment Fund halts plan to acquire the United Bank of Egypt
Reuters and Bloomberg have said that Saudi Arabia’s Public Investment Fund halted a plan to acquire the United Bank of Egypt, almost wholly owned by the Central Bank of Egypt, due to disagreements over its valuation. According to sources, the…
Rights group submits complaint to Public Prosecutor against harassment of female political prisoner
On Wednesday, human rights lawyer Nabih Al-Janadi said that he had submitted a complaint to the Public Prosecutor against the harassment of a female political prisoner at the hands of a warden at Al-Qanater Al-Khairiya Prison for Women. The Egyptian…
Rights group denounces deliberate medical negligence in prisons in Egypt
The Egyptian Network for Human Rights has issued a statement denouncing the deliberate medical negligence in prisons and detention facilities in Egypt. The rights group said that the Egyptian authorities do not observe the constitution, the law, internal prison regulations,…
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