Zambia seizes plane with $5.7M cash, weapons
Drug Enforcement Commission says 10 people detained, money placed in Bank of Zambia Authorities in Zambia on Tuesday announced the seizure of a private plane carrying $5.7 million in cash, 602 pieces of suspected gold bars, and five pistols with…
Will Egypt’s asset sale get it out of its economic hole?
Egypt is privatising – but is it enough to please the IMF and get more funding from the international financial body? The Egyptian government has been busy selling state assets, as it pushes for privatisation, amid a continuing economic crisis….
Analysis: As deficit soars, Egypt expands money supply, fuelling inflation
CAIRO, July 14 (Reuters) – Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug…
Egypt has hit a financial deadlock. Sisi’s only hope now is a miracle
At a finance summit in Paris last month, Egyptian President Abdel Fattah el-Sisi called on lenders to show more “understanding” of his country’s deteriorating debt crisis. The previous week, Sisi appeared to have ruled out a future devaluation of the pound, which has lost half of…
Egypt has contracts to sell $1.9 bln worth of state assets – PM
CAIRO, July 11 (Reuters) – Egypt has signed contracts to sell stakes in state assets worth a total of $1.9 billion as part of a programme to boost the private sector and raise scarce hard currency, Prime Minister Mostafa Madbouly…
Egypt to host summit of Sudan’s neighbours as fighting continues
CAIRO, July 9 (Reuters) – Egypt said on Sunday it would host a summit of Sudan’s neighbours on July 13 to discuss ways to end a 12-week conflict between rival Sudanese military factions that has triggered a major humanitarian crisis…
Egypt officially withdraws from UN global grain agreement
Cairo officially withdrew on Tuesday from a decades-old UN grain treaty, over a year after Russia’s invasion of Ukraine threw the supply of staple wheat imports to Egypt into precarity. The war between two of the world’s two largest wheat…
Egypt Using Remote Hearings to Isolate Prisoners
Egypt has begun holding detention renewal sessions for pre-trial detainees remotely via videoconference, with detainees attending the sessions from prisons under police custody. The move further increases the isolation of Egyptian “political” prisoners, making it less likely that abuses of…
Alaa Abd el-Fattah: MPs and peers call for Egypt travel advice to be changed following ‘lack of progress’ over jailed activist
Alaa Abd el-Fattah, a dual UK-Egpyt citizen, has been under lock and key in North Africa for nine of the past 11 years. The legislators want the UK to warn its citizens they are not protected if they travel to…
Egypt: 10 years on, Sisi’s coup continues squeezing country
Ten years ago, Abdel Fattah el-Sisi launched a coup against Egypt’s first democratically elected president in history, removing Mohammed Morsi from power, suspending the constitution, and establishing himself as leader of the country. Sisi said he was responding to the…
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