The fall of Cairo-Gulf relations: What did Sisi say in Dubai?
Hard times are passing between Cairo and its Gulf allies on top of Egypt’s financial crisis that deepens its need for Gulf support. On the other side, the Gulf is fed up with the unconditioned grants policy it has taken…
High inflation rates hinder clients from obtaining consumer loans, say Egyptian banking sources
Egyptian Banking sources have said that the high inflation rates resulting from the floating of the local currency at the beginning of this year contributed to hindering clients from obtaining consumer loans. They added that the coincidence of these inflationary…
Blinken says the meeting with Sisi touched on human rights
On Monday, US Secretary of State Anthony Blinken said that his meeting with Egyptian President Abdel Fattah El-Sisi touched on human rights issues, the strategic partnership between the US and Egypt, and the latter’s important role in regional stability. Blinken…
“Threatening Egypt’s sovereignty”: Civil Democratic Movement criticize Suez Canal Fund
On Wednesday, the Civil Democratic Movement considered the establishment of a fund for the Suez Canal Authority a threat to Egypt’s sovereignty and national security. The movement attributed its opposition to the fund to its “economic disadvantages” and its “political…
Saudi Sovereign Fund about to acquire Misr Aluminum Company Share
On Sunday, newspapers reported that Misr Aluminum Company, a subsidiary of the Holding Company for Metallurgical Industries, is considering appointing an independent financial advisor to determine the company’s fair value in preparation for selling a share of it to the…
CBE governor Tarek Amer resigns days before new expected pound devaluation
Egyptian television has announced that President Abdel Fattah El-Sisi had accepted the resignation of Central Bank Governor Tarek Amer. Amer said he asked to step away from his position to allow others to “complete the successful development process” under the…
Egypt: Church fire in Imbaba kills 41, including 18 children
Sunday, the Egyptian ministry of health declared that 41 persons died and 14 were injured in the massive fire of Abu Seifin Church in the Imababa district of Giza city. Eyewitnesses said fire engines arrived an hour and a half…
Moustafa Mountaser: A new victim of systemic torture in Egypt
After ten days of arrest, Mustafa Mountaser, 19 years, gave his last breath in Montazah III police station in Alexandria two weeks ago. The police claimed the death was expected, but the family said torture signs were evident on his…
Ibrahim Metwally: Life of detained human rights defender in danger
The Egyptian Initiative for Personal Rights and the Egyptian Network for Human Rights warned of the deterioration of the health of the detained lawyer Ibrahim Metwally. Metwally’s family announced that he is in bad need of treatment because he has…
Al-Sisi`s reforms began with the arrest of journalists and activists
While Egyptians await the beginning of political reform and media openness promised by journalists and media affiliated with the regime of General Abdel Fattah al-Sisi, the Egyptian security forces arrested the Associated Press correspondent in Cairo, as well as the…
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