Money laundering law amendments threaten the right to private property and install the police state
The Egyptian parliament initially approved amendments proposed by the government on the money laundering law. The modifications included considering the money laundering an independent crime rather than being related to original criminal activities such as drugs, arms and antiquities trafficking,…
The sudden appearance of Gamal Mubarak retrieves the Egyptian discussion about Sisi’s alternative
Suddenly, Gamal Mubarak (58 years old), son of the late President Hosni Mubarak, released a video clip last Tuesday evening, announcing the end of all procedures to prosecute him and his family members outside the country and that no jurisdiction…
Raising the interest by 2%: Facing inflation may lead to recession
The Central Bank of Egypt decided, at its meeting, Thursday evening, to raise the overnight deposit and lending rates and the central bank’s primary operation rate by 200 basis points, to reach 11.25%, 12.25% and 11.75%, respectively. The credit and…
Egypt’s workers fail to have free trade unions under the current police state
The trade union elections in Egypt, which are taking place these days, witnessed flagrant violations, including obstructing dozens of workers from running for elections or threatening by the security services to discourage them from their intention to run for the…
Can the governmental privatization plan solve the greenback shortage crisis?
Sunday, Egyptian Prime Minister Mostafa Madbouly revealed a government plan to sell state-owned assets worth 40 billion dollars within four years, at 10 billion dollars annually, in an effort by the Sisi regime to provide financial resources to get out…
Public offering of ports raises criticism of the Egyptian governmental economic plan
Economic experts, including the well-known Egyptian economist Gouda Abdel Khaleq, criticized the State Ownership Policy plan, which the Egyptian government issued to propose a governmental program to handle the state-owned assets, as the program included the abandonment of the land…
The Egyptian opposition is preparing for dialogue with the regime despite the continuous violations
Parties from the Egyptian civil opposition have held intensive meetings and dialogues with each other during the past few days to prepare to participate in the National Dialogue called upon by President Abdel Fattah El-Sisi, which many consider a tactic…
Al-Sisi regime enhances its options for obtaining new loans
The Egyptian government agreed to upgrade the sovereign green financing framework to a sovereign sustainable financing framework, which allows the issuance of a new type of bond known as “sustainable bonds” used to finance projects with both environmental and social…
Egypt: The peaking annual inflation alarms an unbearable economic crisis
The annual inflation rate in Egypt recorded 14.9% last April, hitting its highest rate in 3 years, driven by the government’s decision to devalue the pound against the dollar by 18% in late March and the continuing negative repercussions of…
The Egyptian government plans to obtain foreign loans worth 54 billion pounds
The economic and social development of the Egyptian government plan for the year 2022/2023 revealed that foreign investment in public debt was 28.8 billion dollars last December when it was 34 $1 billion in September 2021. The economic and social…
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