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…
UN Special Rapporteur criticizes Egyptian authorities for blocking human rights group website
On Friday, the UN Special Rapporteur on the situation of human rights defenders, Mary Lawlor, criticized the Egyptian authorities for blocking the Cairo Institute for Human Rights Studies website after it published a report critical of the human rights situation…
Gulf and Egyptian business people refuse to sponsor World Youth Forum
Sources have said that the main reason behind the cancellation of the fifth edition of Egypt’s World Youth Forum was the refusal of Gulf and Egyptian businessmen to sponsor the conference. According to sources, the prevailing trend among Gulf business…
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…
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