The fall of Cairo-Gulf relations: What did Sisi say in Dubai?
Hard times are passing between Cairo and its Gulf allies on top of Egypt’s financial crisis that deepens its need for Gulf support. On the other side, the Gulf is fed up with the unconditioned grants policy it has taken…
High inflation rates hinder clients from obtaining consumer loans, say Egyptian banking sources
Egyptian Banking sources have said that the high inflation rates resulting from the floating of the local currency at the beginning of this year contributed to hindering clients from obtaining consumer loans. They added that the coincidence of these inflationary…
The Egyptian government is very close to selling Helwan Fertilizers
Sources have said that the Egyptian government had come very close to selling Helwan Fertilizers. Managing Director of a securities trading company, Ahmed Abu Hussein, has said that Helwan Fertilizers is one of the government companies that achieve significant profits….
Human rights activists criticize the blocking of press websites in Egypt
On Monday, journalists, human rights activists, and intellectuals gathered to denounce the restrictions imposed by the Egyptian government on the media and the blocking of press websites. In a round session organized by the National Council for Human Rights, political…
Egyptian government to sell $1.5 billion securities
On Thursday, Asharq Business said the Egyptian government would start promoting the sale of financial certificates worth about $1.5 billion to help bridge a financing gap estimated by the International Monetary Fund at about $17 billion. According to the news…
The government is determined to displace its residents: Renewed clashes in Warraq Island
Al-Warraq Island, located in the heart of the Nile River in the Egyptian governorate of Giza, has witnessed demonstrations and clashes between residents and security forces during the past few days in protest against the arrest of several residents because…
Hesham Genina: The man who fought Sisi’s systemic corruption alone
Hesham Genina, former head of the Accountability State Authority who had been jailed since 2018, was released on Tuesday after serving a five-year imprisonment sentence issued against him by a military court on charges of publishing false news against the…
The Egyptian Senate debate on domestic violence avoids banned zones
Over the past week, the Senate discussed, in the presence of government officials and religious figures, “the rise in the phenomenon of domestic violence,” starting from Sunday. The most prominent attendees were Minister of Social Solidarity Nevine Kabbaj, Minister of…
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…
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