12 doctors resign daily: Egypt’s health sector in crisis
In May 2020, the medical team at Al-Munira Hospital submitted a collective resignation, protesting the harsh working conditions and the Ministry of Health’s intransigence in providing medical supplies with arbitrary administrative threats and ignoring their requests regarding other technical issues….
The US dollar exceeds a record in Egypt at 32 Egyptian pounds
On Wednesday, one US dollar exceeded 32 Egyptian pounds after the International Monetary Fund (IMF) announced Egypt’s pledges to switch to a flexible exchange rate permanently. On Tuesday, the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) said that…
Reuters: Egypt’s inflation rate will continue to increase
On Monday, Reuters predicted that Egypt’s core inflation rate would continue to rise after it hit a five-year high. At the same time, the devaluation of the local currency continues to cast a shadow over the country. The Egyptian Central…
IMF says Egypt’s external debt will rise to 39.6% of the GDP
The International Monetary Fund (IMF) has said that Egypt’s external debt will rise to 39.6% of GDP in the current fiscal year, compared to 37.3% in the previous fiscal year. The IMF has lowered its forecast for the growth of…
Shrinking in Egypt: Layoffs and work reduction in Egyptian companies
Bloomberg has said that Egyptian companies are reducing production and staff numbers due to the devaluation of the local currency, which the government was forced to do to conclude a deal with the International Monetary Fund. S&P Global economist David…
Massive violations of media freedom in Egypt in 2022
The Arab Observatory for Media Freedom has noted the continuous detention of journalists and the shutdown of news websites in a recent report on media freedom in Egypt in 2022. Sixty-three journalists were detained in 2022, while more than 600…
After bribes for the security services: Parliamentary seats are inherited in Egypt
A few days ago, a beautiful unknown young lady stood under the dome of the Egyptian Parliament to take the constitutional oath as a representative of the people for the North, Central and South Upper Egypt constituencies. She is Raghda…
Egyptian Air Force orders 12 Boeing helicopters worth $426 million
On Tuesday, Boeing said the Egyptian Air Force had purchased 12 Boeing CH-47 Chinook helicopters in a $426 million deal. The aircraft will be delivered starting in 2026. Last May, the aircraft industry company sold as many as 23 Boeing…
Qatar’s Kuwari Group to acquire Ramses Hilton Hotel in Egypt
Asharq Business has reported that the Qatari Al-Kuwari International Group submitted an offer to the Arab International Company for Hotels and Tourism (AICHT) to buy the famous Ramses Hilton Hotel in Cairo for $ 320 million. Last March, Qatar agreed…
PMI at 47.2: Non-oil private sector in Egypt continues to contract
Under the pressure of inflation, the weakness of the local currency, and the continued restrictions on imports, the activity of the non-oil private sector in Egypt continued to contract, recording 47.2 points last December, to remain below the 50-point level…
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