Egyptian parliament approves €250m loan from France
On Monday, the Egyptian parliament approved a €250m loan from the French Development Agency for constructing a metro in Alexandria, the second loan for the same project in eight months. The Alexandria Metro would be the first to be implemented…
The Egyptian government is considering purchasing Indian-made fighter jets
On Tuesday, Asharq Business said that the Egyptian government is considering purchasing 20 Indian-made HAL Tejas fighter jets. A senior Hindustan Aeronautics executive has said the company is also in talks with Malaysia, Botswana and Argentina. According to the news…
Totalitarianism in the Egyptian manner: Media under the instructions of the general
On February 9, Abdel Fattah al-Sisi addressed the Egyptian media performance during the opening of the second phase of the military-owned Silo Foods factory in Sadat City. As a totalitarian tyrant, the general instructed the private or governmental media and…
Laila Soueif calls upon the UK government to urge Egypt to release Alaa Abdel Fattah
On Friday, the mother of imprisoned political activist Alaa Abdel-Fattah, Laila Soueif, called on the UK government to urge Egypt to release her son in a meeting with James Cleverly, Secretary of State for Foreign, Commonwealth and Development Affairs of…
The workers’ trade union of Universal Home Appliances complains about the administration to the Ministry of Manpower
The Union Committee for Universal Home Appliances has filed a complaint with the Ministry of Manpower and the General Union for Engineering Industries due to a salary delay issue in the company. Universal workers have been waiting to receive their…
The National Dialogue: A tool Sisi uses to blackmail the opposition parties
On the fourth of February, the security services-controlled Stalinist left-wing Tagammu’ (Gathering) Party attacked the Civil Democratic Movement, the main secular dissident alliance in Egypt, claiming the movement the one that obstructs the national dialogue. “The dialogue is the best…
Egypt’s governmental economic policies: New attempt to hide imbalances
During less than a year, and from March 2022 until now, the exchange rate of the dollar has doubled against the Egyptian pound, so that the latter lost almost half of its value, and after it reached the barrier of…
Egypt’s mass privatisation: Would it help the economic crisis?
The Egyptian government announced its intention to offer 32 state-owned companies for privatisation to face the severe economic crisis plaguing the country due to the shortage of hard currency. The companies offered for sale (totally or not) belong to several…
Bloomberg: Egypt’s Record Food Price Surge Puts More Big Rate Hikes in Play
On February 9, Bloomberg published this detailed report on inflation and rising food prices in Egypt: Egypt’s monthly food prices soared at the fastest pace, sending inflation in urban parts of the country sharply higher in January and adding to…
Central Bank of Egypt says the country’s core inflation rate rose to 31.24% in January
The Central Bank of Egypt said the country’s core inflation rate rose to 31.24% in January from 24.4% in December. Bank data showed that the Consumer Price Index recorded a monthly rate of 6.3% last January, compared to 0.8% in…
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