Enforced disappearance: The crime the Egyptian authorities use to terrorize society
A few days ago, the Egyptian Front for Human Rights monitored the appearance of 4 of those who had been forcibly disappeared for more than three years, before the Supreme State Security Prosecution, for interrogation. This brought attention back to…
Qatar to acquire primary Egyptian container and cargo handling companies
Press reports have said that the Qatar Investment Authority submitted an offer to the Egyptian Ministry of Transport to acquire more than 50% stake in the state-owned Port Said and Damietta container and cargo handling companies. Qatar agreed with the…
The Egyptian parliament approves a new loan from the Export-Import Bank of Korea
On Tuesday, the Egyptian parliament approved a loan from the Export–Import Bank of Korea, at about $60,642,000, to finance the improvement of a train line. The loan repayment period is 40 years, with an interest rate of 1.7% and a…
AFP highlights inflation effect on Egypt’s middle class
AFP reported that the spectre of poverty is approaching the middle class in Egypt amid a devaluation of the local currency and increasing inflation, which prompts them to change their lifestyle radically. The US dollar reached 32 Egyptian pounds at…
Cairo International Book Fair: Recurrent book bans
On Sunday, Egyptian security authorities demanded the publishing director of Dar Al-Muntada, Sayed Saber, to stop printing, selling and distributing a book on the history of the Zionist movement at the Cairo International Book Fair. According to Saber, the authorities…
Enterprise: Analysts expect the Central Bank of Egypt to raise interest rates
On Sunday, the Egyptian business newsletter, Enterprise published the results of a survey of economists on the economic, financial and monetary situation in Egypt. Analysts expected the Central Bank of Egypt to raise interest rates at its next meeting on…
The Economist: To save Egypt’s economy, get the army out of it
On Thursday, The Economist published a report on the economic situation in Egypt and pointed to the deep crisis in the country. “To the list of spectacular ruins across Egypt, you can now add its economy. The Egyptian pound lost…
CBE offers three-year treasury bills with 17.25% interest
On Wednesday, the Central Bank of Egypt said it had offered three-year treasury bonds with a variable interest rate linked to the bank’s deposit, lending, and credit rates currently stand at 16.25%, 17.25%, and 16.75%, respectively. According to experts, the…
Blinken says the meeting with Sisi touched on human rights
On Monday, US Secretary of State Anthony Blinken said that his meeting with Egyptian President Abdel Fattah El-Sisi touched on human rights issues, the strategic partnership between the US and Egypt, and the latter’s important role in regional stability. Blinken…
Despite financial crisis: Egyptian government intensifies work on Cairo Monorail
The Egyptian Minister of Transport, Kamel Al-Wazir, has said that the government is intensifying its work on the Cairo Monorail, which aims to link Greater Cairo with new cities. Although the country is facing a severe economic crisis, the government…
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