CTUWS: The new labour bill does not keep pace with market changes

On Thursday, the Center for Trade Union & Workers Services criticized the draft labour law currently being discussed in the House of Representatives, stressing that it does...

The Egyptian Medical Syndicate warns of collapse due to doctors’ resignations in thousands

The Egyptian Medical Syndicate has warned that the continued resignation of thousands of doctors from the government health sector, which has been suffering from low services and...

Central Bank of Egypt cancels documentary credits system

On Thursday, the Central Bank of Egypt cancelled the system of documentary credits in import operations to meet the demands of the International Monetary Fund.

Hamdeen Sabahy conditions releasing detainees to continue National Dialogue

Former presidential candidate Hamdeen Sabahi has said that the Civil Democratic Movement will not dialogue with the government unless the authorities release political prisoners.

Egypt’s new minimum wage still below inflation rates

On Thursday, the National Wages Council in Egypt decided to raise the minimum wage in private sector establishments from 2,400 pounds to 2,700 pounds as of January...

Credendo for insurance might downgrade the Egyptian economy

Credendo has warned that it might downgrade the Egyptian economy to the medium and long-term political risk category. A European credit insurance group, Credendo,...

Selling state assets: Sisi approves state State Ownership Policy Document

On Thursday, President Abdel Fattah El-Sisi approved the State Ownership Policy Document, the Egyptian State Assets Sale Document. The document outlines the government's plan to exit major...

Debt-addiction: Sisi approves 95 million euros loan from French Development Agency

On Wednesday, Egyptian President Abdel Fattah El-Sisi approved a loan from the French Development Agency of 95 million euros to develop the Tanta-Mansoura-Damietta railway.

Egyptian banks reduce dollar credit limits for their clients abroad

Egyptian banks, including the National Bank of Egypt, Banque Misr, Commercial International Bank and Emirates NBD, have reduced dollar cash withdrawals for their clients outside Egypt.

Debt-addiction: Egypt gets the second tranche of a $1.2 billion Japanese loan

On Tuesday, the Japan International Cooperation Agency and the Egyptian government signed an agreement to disburse the second tranche, $301 million, of a $1.2 billion Japanese loan....