Egypt is still depending on T-bills to fund the critical financing gap
On Tuesday, Reuters said that sales of Egyptian treasury bills for periods of 273 and 91 days rose as the Egyptian Ministry of Finance decided to pay higher returns to partially reflect a 200 basis point increase in overnight interest…
Lack of fodder escalates crisis in the poultry industry
On Sunday, the vice president of the General Federation of Poultry Producers, Tharwat Al-Zeini, said that the crisis of raw materials shortage in the poultry sector is worsening daily. Al-Zaini added that the crisis caused a massive price rise, as…
Well-known doctor detained for criticizing Abdel Fattah al-Sisi
Hani Suleiman, a doctor and lecturer, was arrested for 15 days by the Egyptian State Security Prosecution after they accused him of distributing false information and associating with a terrorist organization. On March 27, security personnel arrested Suleiman after he…
Gulf presses to catch more yields
What’s Up in Egypt? Short updating reports on the most strategic news about the Egyptian affairs WSJ reported Egyptian and Saudi officials saying Saudi Arabia and other Gulf countries conditioned the resumption of their financial rescue package to the sluggish…
Exacerbating lack of medical supplies in Egypt rings the bells
The shortage of medical supplies in Egypt worsened because of tens of thousands of shipments accumulated in the ports due to the inability of banks to provide foreign exchange and the government’s reluctance to intervene to solve the crisis. This…
Egyptian inmates at Badr prison release one more message
Egyptian inmates at Badr jail leaked an additional note in which they sent an urgent appeal to all human rights organizations. According to local human rights groups, five hundred prisoners are being held in Badr Prison for political reasons. Human…
Egypt’s inflation rate keeps rising steadily
In light of the ongoing depreciation of the Egyptian currency, Reuters conducted an opinion survey on Thursday, and the findings indicated that Egypt’s inflation rate is rising steadily. The average annual urban consumer price inflation projection for the 13 analysts…
At $163 billion: Egypt’s foreign debt record forebodes bankruptcy
Egypt’s external debt increased by $8 billion during the last quarter of 2022, compared to the previous quarter, to reach $162.9 billion, according to brief data published by the Ministry of Planning. Egypt’s external debt increased over the past year…
Nubians: A critical case of an Egyptian minority
A month ago today, a small boat sank in the course of the Nile River in the far south of Egypt, which was carrying Egyptian citizens from Nubia, including children, which led to the drowning of 6 people. Amidst almost…
Egypt’s domestic sovereign bonds yield the lowest amid pessimistic fiscal forecasts
On Wednesday, Bloomberg reported that Egypt sold $35,275 worth of three-year securities, stating that this is the lowest amount it has ever raised from selling domestic bonds. According to the news website, this is because the government refrained from offering…
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