Egypt’s balance of payment declines by over 500% in 2022
The Central Bank of Egypt revealed Egypt’s Balance of Payment declined by over 500% during the first nine months of the 2021/2022 fiscal year, compared to the same period in 2020/2021, as it recorded minus USD 7.3 billion compared to…
Central Bank of Egypt announces a 19% drop in foreign exchange reserves during the first seven months of 2022
On Sunday, the Central Bank of Egypt announced a 19% drop, equivalent to $7.8 billion, in foreign exchange reserves during the first seven months of 2022. The country’s net foreign reserves decreased for the fifth consecutive month by about two…
Abdel Moneim Aboul Fotouh suffers a new heart attack
Hudhayfa Aboul Fotouh, son of former presidential candidate Abdel Moneim Aboul Fotouh, said his father suffered a heart attack last Wednesday in his prison cell. He added that while his father’s health condition continues to deteriorate, the prison administration ignores…
Goldman Sachs: Egypt needs to borrow $15 billion to secure debt dues
Goldman Sachs has issued a report saying Egypt needs to borrow $15 billion from the International Monetary Fund to secure debt dues over the next three years. According to the Central Bank of Egypt, the gap between foreign debt and…
Abu Dhabi Investment seeks further acquisition of Misr Fertilizers
Reports have revealed that the Abu Dhabi Investment Authority (ADIA) is currently negotiating with the Egyptian government to buy an additional stake in the Misr Fertilizers Production Company (MOPCO). Reports quoted sources as saying that the negotiated share revolves around…
National Dialogue: CDM demands releasing 700 political prisoners
On Saturday, the Civil Democratic Movement affirmed, during the third session of the National Dialogue Board of Trustees, its refusal to start a dialogue with the government before the release of nearly 700 political prisoners. Fatima Khafaji, a movement representative,…
Human rights demand to stop arresting journalists and content creators in Egypt
Six human rights organizations denounced the continuous arresting of several journalists and bloggers within lawsuits 440 and 441 of 2022 according to charges raised by the National Security against all detainees despite the variable circumstances of their works, lives and…
The Guardian: Egypt may use Cop27 to whitewash human rights abuses
The Guardian has published a report in which it said that Egypt, preparing for the climate summit to be held in November in Sharm el-Sheikh, continues to restrict freedom of protest. “A hundred days before the Cop27 summit is due…
Rights groups call for the release of more opinion prisoners
Human rights groups have issued a statement in which they said that in conjunction with the passage of three months since President Abdel Fattah al-Sisi’s decision to reactivate the Presidential Pardon Committee, local rights groups sent names of political detainees…
Attempts of evacuation: Egyptian police demolish buildings in Warraq
On Thursday, the Socialist People’s Alliance party denounced the government’s actions against residents of Al-Warraq Island over the past two days, as police used force to demolish the area’s club and hospital. The party issued a statement in which it…
Recent Comments