The Police Authority Law amended: The art of purging and politicizing the Egyptian police
On January 15, the House of Representatives approved the amendments to the Police Authority Law, No. 109 of 1971, which the government finally submitted, and as usual, without parliament making any amendments to the government proposal. The new amendment in…
Sentencing September protesters: Egypt’s regime slays protesters with judicial sword
A week ago, an Egyptian court sentenced 39 defendants to life imprisonment and 44 others, including 23 children, to long-term imprisonment over the September 2019 protests against Abdel Fattah al-Sisi. The city of resistance On September 20, 2019, protests erupted…
UN human rights experts call on Egypt to provide adequate health care to Abdel Moneim Aboul Fotouh
On Thursday, United Nations human rights experts called on the Egyptian authorities to provide adequate and appropriate health care to imprisoned former presidential candidate Abdel Moneim Aboul Fotouh. Aboul Fotouh was arrested in February 2018 and sentenced by a court…
Hot money syndrome: Investment in debt instruments and treasury bills resumes in Egypt
Investments in debt instruments and treasury bills have resumed in Egypt, along with a recent devaluation of the Egyptian pound and an increase in the interest rate. Last week, the Central Bank of Egypt sold Egyptian pound treasury bills to…
Civil Democratic Movement calls on the Egyptian government to release dissidents
On Friday, the Civil Democratic Movement called on the Egyptian government to quickly fulfil the opposition parties’ demands. In a statement, the movement urged the government to quickly release prisoners of conscience and peaceful dissidents and help those released to…
Back to hot money: Debt addiction dominates Egypt’s financial policies
Last July, Egyptian Finance Minister Mohamed Maait confirmed that one of the reasons for the economic crisis ravaging the country is the government’s wrong policy of relying on hot money. He said, “We learned from hot money flight, three times…
Egypt to get $271 million loan from the African Development Bank
On Monday, the Egyptian House of Representatives approved a food security and economic resilience loan from the African Development Bank of US$271 million. The loan aims to enhance the ability of the country’s agricultural sector to face its successive crises…
Fitch says the Egyptian pound crisis will continue during 2023
On Tuesday, Fitch published a report stating that the Egyptian pound has fallen by 16% since the beginning of the year and by 60% since last June. The US dollar exceeded 32 Egyptian pounds last week. The report expected that…
Egypt: No economic reform is possible without a political one
The Egyptian pound continued to decline to make all-time low records after the Central Bank of Egypt moved to a flexible exchange rate suggested by the International Monetary Fund. After hitting 32.5, the US dollar now ranges between 29 and…
Egypt’s trade balance deficit increased to $3.58 billion last October
On Thursday, the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) said that the country’s trade balance deficit increased last October by 21.1%, on an annual basis, to reach about $3.58 billion. The official statistical agency attributed the increase…
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