To control inflation: Al-Ahly National Bank and Banque Misr issue new savings certificates
On Sunday, Egypt’s two largest state banks, the National Bank of Egypt and Banque Misr, issued two three-year savings certificates with a return of up to 22% following the Central Bank of Egypt’s announcement to raise interest rates by 200…
Egyptian prisons still deteriorating in 2023, says El-Nadeem Center
On Monday, the El-Nadeem Center for Rehabilitation of Victims of Violence and Torture released its report for the first quarter of 2023, documenting 374 human rights violations in Egyptian prisons. The report documented 11 cases of torture, 59 cases of…
NAC’s new mosque shows out Sisi’s fiscal imprudence
While Abdel Fattah El-Sisi inaugurated the Misr Great Mosque, Egypt’s Islamic Cultural Center in the New Administrative Capital, with an area of 19,100 square meters and a capacity of more than 100,000 prayers, in addition to a multi-level garage, malls,…
Families of Egyptian detainees in Saudi Arabia ask Sheikh Al-Azhar to mediate with authorities
On Friday, the families of Egyptian detainees in Saudi Arabia asked the Sheikh of Al-Azhar, Ahmed Al-Tayeb, to mediate with the Saudi authorities to pardon their relatives. The Egyptian Association of Nubian Lawyers issued a statement saying: “As part of…
Italian court summons 4 Egyptian officers accused of killing Julio Regeni
According to Giulio Regeni’s family attorney Alessandra Ballerini, the four Egyptian officers suspected of killing the Italian doctoral student have been told to appear before a court in Rome. The Egyptian officers accused of kidnapping, torturing, and killing Regeni are…
Egyptian Medical Syndicate accuses police officers of killing a psychiatrist
On Thursday, the Egyptian Medical Syndicate filed a complaint with the Public Prosecutor accusing the head of the Gamasa police station and other officers of killing consultant psychiatrist Ragai Wafai. The syndicate demanded an urgent investigation by the department officials…
Central Bank of Egypt raises basic interest by 200 basis points
On Thursday, the Central Bank of Egypt announced it would raise interest rates by 200 basis points to curb soaring inflation. Since the beginning of 2022, the Central Bank of Egypt has raised interest rates by 800 basis points. According…
Egyptian military used schools in Sinai as military bases, says Sinai Foundation
The Sinai Foundation for Human Rights has accused the Egyptian army taking over 37 schools and turning them into military bases while destroying dozens of other schools in a decade-long war with militants in Sinai. An investigation by the rights…
Egypt among the most benefited of China’s grants, says FT
Financial Times reported that China had granted hundreds of billions of dollars in loans to several countries, including Egypt, over the past two decades. China started the Belt and Road Initiative in 2013, a network of trade routes connecting Asia…
Sisi’s fancy Misr Islamic Center escalates the rage of pauperized Egyptians
When Egypt was going through a severe economic crisis, President Abdel Fattah El-Sisi inaugurated the Misr Islamic Center in the New Administrative Capital, which cost over 800 million pounds ($26 million). This sparked great public anger, as it was considered…
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