CBE: $3.1 billion decrease in foreign reserves during April
The Central Bank of Egypt announced that Egypt’s net foreign reserves would fall to $37.037 billion at the end of April, compared to $40.1 billion last month. CBE said that it used about $3.1billion of international monetary reserves to cover…
Kuwait bears the cost of bringing the stranded Egyptians back to Egypt
“Kuwait exempted all stranded Egyptians from bearing flight fees, as well as staying in quarantine hotels in Egypt,” said cabinet spokesman Nader Saad, noting that the past two days have witnessed the return of more than 1,100 Egyptian citizens from…
WSJ: The Pentagon wants to withdraw US forces from Sinai
The Wall Street Journal revealed that US Secretary of Defense Mark Esper is leading a push to withdraw troops from an international peacekeeping force the U.S. heads in Egypt’s Sinai Peninsula. Pentagon officials told the newspaper that the possible withdrawal…
A crisis between labor and administration in Alexandria Clothes Company over salaries’ cuts
The center for Trade Union and Workers Services (CTUWS) issued a statement, in which it said that the Alexandria Company for Clothes in Borg El Arab City had prevented the company’s workers, who numbered about 500, from entering the factory…
Suez Canal fees regress by 75%
The Suez Canal Authority decided to reduce the transit fees for container ships coming from America and heading to Southeast Asia by ratios ranging between 60% and 75%. It was also decided to reduce the transit fees for container ships…
$ 22 maximum reward for doctors in isolation hospitals
Assistant Minister of Health for Financial Affairs, Major General Wael Al-Saie, said that the reward for doctors in isolation and quarantine hospitals is 350pounds ($ 22) for a maximum of one working day. Al-Saie denied that the Ministry of Health…
External debt rises to more than $112 billion
The Central Bank of Egypt announced that Egypt’s external debt amounted to $ 112.67 billion at the end of December of 2019, compared to $ 96.61 billion at the end of December 2018, an increase of $ 16.1 billion. Long-term…
Egypt releases a US citizen after pressure from Trump
The New York Times has said that the Egyptian authorities secretly released American citizen, Reem el-Desouky, after relinquishing her Egyptian nationality, after pressure exerted by US President Donald Trump’s administration on Egypt. It comes after Mustafa Kassem became the first…
UN demands an investigation into the death of Shady Habash
The Office of the United Nations High Commissioner for Human Rights has called for a thorough investigation into the death of young Egyptian filmmaker Shady Habash in Tora Prison. “We raised the issues of journalists’ rights with the Egyptian authorities,…
Egypt: 135 children in prison
The Baladi Centre for Rights and Freedoms have issued a report stating that 135 children are being held in Egyptian prisons and there are increasing fears for their lives due to the outbreak of the coronavirus. Detained children are distributed…
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