Egypt: Another increase in medicine prices is expected
Sameh Nabil, a member of the Pharmacists’ Division, said that pharmaceutical companies are pressuring the Medicines Authority to agree to new increases in drug prices. Nabil expected that drug prices would witness new increases in the coming period, pointing out…
Egypt’s foreign exchange reserves lose $3.9 billion
The Central Bank of Egypt has issued a statement announcing a decline in foreign exchange reserves by about four billion dollars in one month. It decreased from 40.994 billion dollars at the end of February to 37.082 billion dollars at…
Abdel Mohsen Fouad and Ahmed Amr: Two Egyptian detainees pass away in prison
Egyptian human rights organizations revealed the death of detainee Abdel Mohsen Fouad, from Alexandria, inside Abu Zaabal Prison Hospital in Cairo, resulting from medical negligence. Only days later did his family learn. Fouad has been in pretrial detention since August…
Saudi Public Investment Fund acquires Egyptian companies, including a leading digital systems group
The Saudi Public Investment Fund has acquired 89.49% of the shares of the Egyptian Giza Systems Group, a leading digital transformation and technology systems company in the Middle East and North Africa that provides integrated technology solutions in the fields…
Egypt suffers a sharp decline in foreign assets and portfolio investments
The Central Bank of Egypt announced a decrease in net foreign assets, reaching below harmful 50 billion pounds, representing a decline of 60 billion pounds from last January. Macroeconomic analyst at CI Capital, Sarah Saadeh, attributed the main reason for…
Egypt announces a decline in wheat stocks
According to the Cabinet, the strategic stockpile of wheat in Egypt has declined to cover only 2.6 months, down from 4 months in early March. This coincided with the start of the local wheat harvest, on which the government relies…
Egypt: Sharp decline in the performance of the non-oil private sector
The activity of the non-oil private sector has decreased significantly during last March, according to S&P Global’s Purchasing Managers’ Index, which scored 46.5 points (out of 50), a significant decline from the 48.1 points level recorded last February. The Purchasing…
Abdel Moneim Aboul Fotouh has a heart attack after being assaulted by the prison guards
The defence team of former presidential candidate Abdel Moneim Aboul Fotouh, head of the Strong Egypt Party, has submitted a complaint to the Public Prosecution against the administration of Tora Farm Prison to investigate an assault he was subjected. The…
Nadeem Center: 103 cases of human rights violation in Egypt during March
Nadeem Center against Violence and Torture has issued a report documenting 103 cases of human rights violations in Egypt during March. In its monthly report on violations in prisons and places of detention, the organization said that it had documented…
Building materials prices skyrocket in Egypt
The prices of building materials increased during March by up to 92%, according to a report issued by the Central Administration of Building Materials of the Ministry of Housing, Utilities and Urban Communities. The price of a ton of steel…
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