Egyptian officials estimate the dollar rate at 22-24 pounds, says Goldman Sachs
Goldman Sachs has issued a report stating that Egyptian officials estimate the dollar exchange rate at 22-24 pounds in the event of a further devaluation of the local currency to complete a loan from the International Monetary Fund. Goldman Sachs…
Egypt turns to China and Japan, seeking low-cost loans
Despite the massive rise in foreign debt, Egyptian Finance Minister Mohamed Maait said that the government is seeking low-cost loans from China and Japan while continuing negotiations with the International Monetary Fund (IMF) for another loan. In an interview with…
COP27: 12 human rights organisations campaign against the Egyptian organisation of the event
Human rights groups have said they are watching the human rights situation in Egypt with great concern, especially the government’s restrictions on rights and freedoms and civil society and the opposition. Twelve organisations explained in a joint statement that the…
State Security Prosecution orders the imprisonment of a young man who photographed a presidential palace under construction
State Security Prosecution has charged a young man named Karim Safwat with joining a terrorist group, spreading false news, and misusing social media. He has decided to imprison him for 15 days pending investigations. Police arrested Safwat (20 years old)…
For the first time, El-Sisi misses the UN General Assembly
President Abdel Fattah El-Sisi has been absent from the 77th session of the United Nations General Assembly in New York, which began last Tuesday. However, he has always committed to participating in the annual event since 2014. El-Sisi sent on…
After three years: 12 Human Rights Organization Demand releasing blogger Oxygen
Last Friday, 12 Human Rights Organizations released a joint statement demanding the Egyptian authorities to end the arrest of the journalist and blogger Mohamed Ebrahim Redwan, Known as Oxygen”. Also, they appealed to stop all forms of violations committed against…
BNP: IMF Negotiates Egypt about One-third of the Expected Loan
The French BNP Paribas Bank, one of the biggest international banks, issued a research report where it lowered its forecast for the value of the IMF‘s loan that Egypt is seeking during its current negotiations. According to the report, the…
Beshai Steel Factory management suspends striking workers
The management of the Beshai Steel Factory has decided to suspend striking workers for three months, which a labour source described as an arbitrary decision. The source said that the management accused the workers of inciting strikes, disrupting work and…
Egyptian Stock Exchange Thursday session witnesses collective decline
The Egyptian Stock Exchange started the trading session on Thursday with a noticeable collective decline, as the primary index EGX30 fell by 0.72%. The EGX70 Index of Medium Shares declined by 0.31%, the broader EGX100 Index declined by 0.41%, and…
The continuous destruction of greenspaces: Egyptian military removes Lotus Garden
Saturday, the Egyptian Engineering Authority of the Armed Forces started removing Lotus public garden in Cairo’s middle-class suburb, Madinet Nasr, to replace it with a vast car parking and outlets for National Service projects, the Egyptian military business organ. In…
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