Mubarak’s men had nearly $500 million in Credit Suisse account, according to leaks
An international investigation by over 40 media institutions, led by Süddeutsche Zeitung and the Organised Crime and Corruption Reporting Project (OCCRP), following massive leaks of data from the world’s biggest private bank, Credit Suisse, revealed that senior political leaders and officials…
After the suicide of a worker police attack Universal Appliances labour protest and arrest 4
On Wednesday, two employees working for Universal Appliances told Egypt Watch that they were forced to end their strike after the administration passed on direct threats from the authorities. Although the workers stopped after receiving the threats, four were arrested…
Amnesty International organises demonstration against Sisi in Brussels
Over the weekend Amnesty International organised a demonstration in Brussels where Egyptian President Abdel Fattah Al-Sisi recently met with King Philippe of Belgium and the country’s Prime Minister, Alexander De Croo. Activists from Amnesty International, the Institute for Human Rights…
Oxford Economics: Egypt’s central bank seeks to restrict imports
Oxford Economics described in a note to its clients the timing of the Central Bank of Egypt’s decision to ban those who do not have documentary credits from importing as suspicious. The giant economic analyst says that the real goal…
Egyptian political detainee Tamer Gamal El-Din passes away
Human rights organisations have announced the death of an Egyptian detainee in Minya Prison. The prison administration transferred the deceased to a hospital without notifying his family of his death, and let them go to visit him at the time…
Egyptian government confirms upcoming prices increase of subsidized bread
Egyptian Prime Minister Mostafa Madbouly said that his government is studying all scenarios related to raising the price of subsidized bread, stressing that “that will happen.” Madbouly said, during a conference at the government headquarters in the New Administrative Capital,…
IFJ: el-Sisi is the biggest jailer of journalists in the region
The International Federation of Journalists has called on European Union leaders and Belgian Prime Minister Alexander De Croo to speak out against Egyptian President Abdel Fattah al-Sisi’s crackdown on journalists and press organizations in Egypt. This coincided with Sisi’s visit…
Egypt’s prime minister paves the way for new increases in fuel prices
Egyptian Prime Minister Mostafa Madbouly said that the recent increase in fuel prices imposed by his government did not exceed 9.7%, despite the significant increase in global oil prices, which reached 54%. This came in a press conference on the…
Egypt’s Central Bank stops using collection documents in import operations
The Central Bank of Egypt decided to stop dealing with collection documents in the implementation of all import operations, and to limit work to documentary credits only. The bank excluded from this the branches of foreign companies operating in Egypt,…
Egyptian business community objects the Central Bank’s new import regulations
Egyptian business organizations objected to the recent decision of the Central Bank of Egypt to amend import regulations, issuing a joint statement calling for the immediate cancellation of the decision due to its negative repercussions on supplying industries with their…
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