IMF lowers forecast for Egyptian economy growth in 2023 to 3.7%
On Tuesday, the International Monetary Fund issued a report in which it again lowered its forecast for the growth of the Egyptian economy in the current fiscal year to 3.7%. Last year, the IMF expected the Egyptian economy to grow…
Egypt is still depending on T-bills to fund the critical financing gap
On Tuesday, Reuters said that sales of Egyptian treasury bills for periods of 273 and 91 days rose as the Egyptian Ministry of Finance decided to pay higher returns to partially reflect a 200 basis point increase in overnight interest…
Lack of fodder escalates crisis in the poultry industry
On Sunday, the vice president of the General Federation of Poultry Producers, Tharwat Al-Zeini, said that the crisis of raw materials shortage in the poultry sector is worsening daily. Al-Zaini added that the crisis caused a massive price rise, as…
Well-known doctor detained for criticizing Abdel Fattah al-Sisi
Hani Suleiman, a doctor and lecturer, was arrested for 15 days by the Egyptian State Security Prosecution after they accused him of distributing false information and associating with a terrorist organization. On March 27, security personnel arrested Suleiman after he…
Gulf presses to catch more yields
What’s Up in Egypt? Short updating reports on the most strategic news about the Egyptian affairs WSJ reported Egyptian and Saudi officials saying Saudi Arabia and other Gulf countries conditioned the resumption of their financial rescue package to the sluggish…
Egyptian inmates at Badr prison release one more message
Egyptian inmates at Badr jail leaked an additional note in which they sent an urgent appeal to all human rights organizations. According to local human rights groups, five hundred prisoners are being held in Badr Prison for political reasons. Human…
Egypt’s inflation rate keeps rising steadily
In light of the ongoing depreciation of the Egyptian currency, Reuters conducted an opinion survey on Thursday, and the findings indicated that Egypt’s inflation rate is rising steadily. The average annual urban consumer price inflation projection for the 13 analysts…
Egypt’s domestic sovereign bonds yield the lowest amid pessimistic fiscal forecasts
On Wednesday, Bloomberg reported that Egypt sold $35,275 worth of three-year securities, stating that this is the lowest amount it has ever raised from selling domestic bonds. According to the news website, this is because the government refrained from offering…
Egypt’s prosecution rejects reopening probe over Ayman Hadhoud’s death
Tuesday saw the Egyptian Public Prosecution reject requests to reopen the investigation into the mysterious passing of economic researcher Ayman Hadhoud. Early March, the Association for Freedom of Thought and Expression, on behalf of the family of Hadhoud, asked the…
23 violations against Egyptian journalists in March, says Arab Media Freedom Monitor
On Wednesday, the Arab Observatory for Media Freedom reported that it documented 23 violations against journalists in Egypt in March. According to the rights group, the number of journalists imprisoned in Egypt has reached 45. Some of them are inmates…
Recent Comments